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Print Form Michigan Department of Treasury 632 (Rev. 1 .14) Issued under authority of Public Act 206 of 1893. Approved by the State Tax Commission October 13. 2014. 2015 Personal Property Statement
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What is l o one only?
L o one only is a form that reports certain financial information of an individual or business.
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Individuals or businesses who meet the filing requirements set by the IRS are required to file l o one only.
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L o one only can be filled out manually or electronically by providing accurate financial information as per the form instructions.
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The purpose of l o one only is to report financial information to the IRS for tax compliance and enforcement purposes.
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Information such as income, expenses, assets, and liabilities must be reported on l o one only.
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