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Get the free Michigan Education Savings Program Account Application for an Entity Account

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Use this form to open a new Program Account by a Trust, Estate or 501(c)(3) Organization.
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How to fill out Michigan Education Savings Program Account Application for an Entity Account

01
Download the Michigan Education Savings Program Account Application for an Entity Account from the official website.
02
Read the instructions carefully to understand the requirements.
03
Complete the Entity Information section by providing the entity's legal name, address, and tax identification number.
04
Designate a contact person for the account and provide their name and contact information.
05
Select the type of entity (e.g., corporation, partnership, nonprofit) and provide any necessary documentation to verify the entity type.
06
Fill out the Beneficiary Information section with details of the designated beneficiaries for the account.
07
Review the terms and conditions of the program to ensure compliance and acknowledgment.
08
Sign the application on behalf of the entity and date it.
09
Mail the completed application along with any required documents to the specified address, or submit it electronically if applicable.

Who needs Michigan Education Savings Program Account Application for an Entity Account?

01
Entities such as educational institutions, nonprofit organizations, or corporations managing funds for education.
02
Organizations looking to save for future education costs for beneficiaries associated with the entity.
03
Any legal entity wishing to participate in Michigan's Education Savings Program to facilitate education savings.
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Qualifying Expenses Tuition at any accredited private or public college or university, community college, trade school, graduate schools, and professional schools across the US and many abroad. Certain room and board related expenses. Fees, books, supplies and other equipment needed for enrollment and attendance.
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These expenses are usually considered qualified education expenses for 529 plan funds, with a few exceptions. Tuition and fees. K-12 expenses. Books and supplies. Computers, software, and internet access. Room and board at college. Special needs equipment. Professional training and credentials. Student loan repayment.
If you made a contribution to an eligible 529 plan, you will be able to claim a subtraction from income. If you withdrew money from your 529 plan, you may have to add the withdrawal back to your income if it was not used for educational purposes.
Account level questions, contact the MI 529 Advisor Plan service center at 866.529. 8818, Monday to Friday, 8:30 AM to 6:00 PM ET.

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The Michigan Education Savings Program Account Application for an Entity Account is a form used by organizations, such as businesses or non-profits, to open an education savings account intended for the higher education expenses of one or more beneficiaries.
Organizations, including corporations, partnerships, or other legal entities that wish to establish an education savings account on behalf of a beneficiary, are required to file this application.
To fill out the application, entities need to provide their legal name, type of entity, federal tax identification number, contact information, and details about the beneficiaries for whom the account is being established. It's also necessary to review and comply with the fund's terms and conditions.
The purpose of this application is to establish a dedicated education savings account that allows entities to save for and manage funds for qualified education expenses, thereby promoting education savings and investment.
The information required includes the entity's legal name, federal tax ID number, address, contact details, names of the beneficiaries, and the type of account being established, along with any additional required supporting documentation.
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