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Dec 17, 2024
How can businesses maintain accurate records to comply with Michigan’s use tax requirements and avoid penalties?
Accurate record-keeping is critical for use tax compliance:
Log all purchases and invoices from out-of-state vendors.
Regularly review purchases to determine where use tax applies.
Maintain receipts, purchase orders, and vendor documentation.
File use tax returns on time through Michigan Treasury Online (MTO).
Retain all documentation for at least four years.
