4577: Schedule of Shareholders and Officers (2025)
Michigan · Michigan Treasury · Used for tax years 2025
Form 4577 is the 2025 Michigan Business Tax Schedule of Shareholders and Officers for corporations claiming the Small Business Alternative or Start-Up Business Credits. It reports shareholder and officer stock ownership, compensation, income, and attributable family relationships
Who files this form
The 2025 Michigan Form 4577 is for all corporations claiming the Small Business Alternative Credit or Start-Up Business Credit.
What you'll need
The form asks for the following information:
- Taxpayer name and FEIN or TR Number. For a unitary business group, provide the designated member’s name and the reporting member’s name and identification number.
- Shareholder and officer names, FEINs or Social Security numbers, and officer status.
- Stock ownership percentages, including ownership through attribution.
- Dividends, salaries, wages, director fees, employee insurance plans, pensions, and share of business income or loss.
- Attributable family relationships between shareholders: spouse, parent, child, or grandchild.
The supplied form does not list specific supporting documents to gather.
Common mistakes
- Keep member numbers consistent. Use the same Part 1 member numbers in the compensation section and in Part 2.
- In Part 2, indicate any attributable family relationship in columns P through S. If there is none, check column T.
- If you need more space, include additional Forms 4577. Identify the taxpayer and complete Parts 1 and 2 on each additional form.
- Do not include officers who are active shareholders in the Part 3, line 4 total. That line is for officers who are not active shareholders.
Questions people ask
Which family relationships are listed for attribution?
The form defines an attributable family relationship as a spouse, parent, child, or grandchild.
What if I need more space for shareholders and officers?
Include additional Forms 4577. Identify the taxpayer and complete Parts 1 and 2 on each additional form.
How do I calculate total shareholder or officer income?
Add columns J and K to calculate total compensation and director fees in column L. Then add columns L and M to calculate total shareholder or officer income in column N.
Where do the Part 3 totals go on Form 4571?
Enter the compensation and director fees of active shareholders on Form 4577, line 3, and Form 4571, line 6. Enter the compensation and director fees of officers who are not active shareholders on Form 4577, line 4, and Form 4571, line 7.