Michigan expects to receive an equal amount of estimated taxes each quarter. If you did not make any estimated payments during the year the penalty rate is 25%. If you made estimated payments but did not pay at least 90% of the tax in estimated payments, the penalty rate is 10%.
Michigan takes the amount of tax owed and divides it out equal over the four quarters.
Your statement
Line 25 is showing a number that is not doing this math correctly, but is instead just duplicating line 24... How can this be resolved, as it is showing nearly double the correct amount.
If I understand you correctly you are saying that Line 25 is the same number as Line 24 and not the result of multiplying the amount on Line 23 by 25%. To correct you could go to the Form and see if you could enter the correct number manually.
Another option I might suggest is if you make most of your income during a specific quarter, to redistribute the amount of income to the specific quarter that the money was in. Most seasonal businesses would enter the income during the quarter that they receive the income. This can be done in the Annualized Income Worksheet.
The penalty does get pretty high when there have been no estimated payments made for the year.
To be able to address and really see what is happening I would need to be provided some numbers. I am not sure how by what you are saying the penalty would be almost double the correct amount
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