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AGC OF MICHIGAN NOVEMBER 2, 2012 7:30 A.M. 5:00 P.M. HAMPTON INN NORTH 500 CENTER DRIVE NW B I M 101: A N I N T ROD U C T I O N T O B U I L D I N G I N FOR M AT I O N M O D E L I NG AGCS BIM EDUCATION
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What is b i m 1?
B I M 1 stands for Business Income Tax Return Form 1.
Who is required to file b i m 1?
All businesses that have income to report are required to file B I M 1.
How to fill out b i m 1?
B I M 1 can be filled out either manually or electronically, depending on the regulations of the tax authority.
What is the purpose of b i m 1?
The purpose of B I M 1 is to report the income generated by a business and calculate the tax owed on that income.
What information must be reported on b i m 1?
Information such as business income, expenses, deductions, and tax credits must be reported on B I M 1.
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