Form Pv-80 - Corporation Extension Payment -Minnesota Department Of Revenue -1998

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MINNESOTA Department of Revenue
PV-80
Corporation Extension Payment
Corporations with a short taxable
Corporations are no longer required to
due date and owe tax, a late-filing penalty
year. The regular due date for corpora-
is added to the late-payment penalty.
submit a form to Minnesota to receive a
tions that have a short taxable year is the
filing extension. All corporations are
The late-filing penalty is 3 percent of the
15th day of the third month following the
granted an automatic seven-month exten-
unpaid tax for the first 30 days and 5
month in which the short year ends. If a
sion to file Form M4.
percent for each additional 30 days. When
corporation has a short taxable year due to
added to the late-payment penalty, the
Use Form PV-80 below to remit an exten-
being divested from a unitary group, and
maximum combined penalty is 38 percent.
sion payment by the regular due date of
the corporation is included in a combined
your return. Note: If you are required to
Interest is computed on the tax plus penalty
income report for the short period, its
make the payment of any taxes to the
from the regular due date until paid.
return for that short period is due on the
Minnesota Department of Revenue by
Mail Form PV-80 and your payment
15th day of the third month after the tax
electronic funds transfer (EFT), you are
to:
year for the rest of the unitary group.
now required to make all payments by EFT.
MN Corporation Franchise Tax
If you are making your extension payment
Penalty
Mail Station 1260
by EFT, do not send in Form PV-80. Also,
St. Paul, MN 55145-1260
do not send in Form PV-80 if you are not
Penalty is collected as part of the tax.
making an extension payment.
Interest is assessed on the unpaid tax plus
Unitary corporations
penalty from the regular due date until the
Regular due dates
total is paid. Penalty and interest are in
Unitary groups must make estimated tax
addition to any amount added to the tax for
and extension payments under the name of
The regular due date is the 15th day of the
underpaying estimated tax.
the designated filer.
third month after the end of the calendar or
fiscal year. For calendar year taxpayers, the
Late-payment. If you don’t pay at least 90
The designated filer must be a member of
percent of your total tax by the regular due
regular due date is March 15. The U.S.
the group which has nexus with Minnesota.
date, you’ll be charged a late-payment
postmark date (or date recorded by a
Information and assistance
penalty. Also, if you do pay at least 90
designated delivery service described in
percent of your total tax by the regular due
IRC Section 7502(f) is considered the filing
If you need additional information or help
date but fail to pay any balance due by the
date. Postage meter marks are not valid.
to complete this form, call (651) 297-7000 or
extended due date, you’ll be charged a late-
When the regular due date falls on a
toll-free 1-800-366-2913.
payment penalty.
Saturday, Sunday or legal holiday, returns
TTY (deaf or hard of hearing) users may
or payments postmarked on the next
The late-payment penalty is 3 percent of the
contact the department through the
business day are considered timely. When
unpaid tax for each 30 days (or any part of
Minnesota Relay Service at 1-800-627-3529.
a return or payment is considered to be
30 days) it’s late, to a maximum of 24
Ask for 1-800-366-2913.
filed late, the date it is received at the
percent.
Department of Revenue is treated as the
If you need information in an alternative
If at least 90 percent of your total tax is paid
date filed.
format, such as Braille, large print or audio
by the regular due date, and any balance
tape, we will provide it.
Cooperative associations. The regular
due is paid by the extended due date, you’ll
due date of a cooperative association is the
be charged interest only on the balance due.
15th day of the ninth month after the end of
Late-filing. If you file after the extended
the calendar or fiscal year.
Detach here before mailing
(Rev. 10/98)
1998
PV-80
MINNESOTA Department of Revenue
Corporation Extension Payment
Use this form to pay your 1998 corporation franchise tax if you are filing
Minnesota ID #
Form M4 after the regular due date.
FEIN
Corporation / designated filer
Address
City
State
Zip code
Tax year ending (Mo/Yr)
Name of contact person
Title
Phone
AMOUNT OF PAYMENT
Mail with payment to: MN Corporation Franchise Tax, St. Paul, MN 55145-1260
Make check payable to: MN Dept. of Revenue
0 0
,
.
,
011 99999999999993 0000 9999 1

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