Form M2x - Amended Return For Estates And Trusts - 2011 Page 3
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4Instructions for 2011 Form M2X
For additional information, refer to the 2011 Form M2 instructions
Who Should File M2X?
Line 21
If someone other than the fiduciary
Enter the total of the following tax amounts,
prepared the return, the preparer must
This form should be filed by fiduciaries to
whether or not paid:
also sign.
correct—or amend—an original 2011 Min-
• amount from line 16 of your original year
nesota fiduciary return.
Round amounts to the nearest dollar.
2011 M2, or line 14 of your year 2010 or
Drop amounts less than 50 cents and in-
Federal return adjustments. If the Inter-
earlier original M2,
crease amounts 50 cents or more to the next
nal Revenue Service (IRS) changes or audits
• amount from line 22 of a 2009 or earlier
higher dollar.
your federal return or you amend your
M2X, line 23 of a 2010 M2X, or line 24 of
federal return and it affects your Minnesota
Forms and information are available on
a 2011 M2X, and
return or distributions to beneficiaries, you
our website at
• additional tax due as the result of an
have 180 days to file an amended Minnesota
audit or notice of change.
If you need help completing your amended
return. If you are filing Form M2X based
return, call 651-556-3075. TTY: Call 711 for
Do not include any amounts that were paid
on an IRS adjustment, be sure to check the
Minnesota Relay. We’ll provide information
for penalty, interest or underpayment of
box in the heading and attach to your Form
in other formats upon request.
estimated tax.
M2X a complete copy of your amended
federal return or the correction notice you
Line 23
Explanation
received from the IRS.
Enter the total of the following refund
On the back of Form M2X, include a
amounts:
If the changes do not affect your Minnesota
detailed explanation of why the original
return or Schedules K-1, you have 180 days
• amount from line 21 of your original
return was incorrect. Providing this infor-
to send a letter of explanation to the depart-
2011 M2, line 19 of your original 2010
mation will help us verify the amended
ment. Send your letter and a complete copy
or prior year M2, even if you have not
amounts.
of your amended federal return or the cor-
received it,
rection notice you received from the IRS to:
Use of Information
• amount from line 27 of a 2009 or earlier
Minnesota Fiduciary Tax, Mail Station 5140,
or line 28 of a 2010 or line 30 of a 2011
All information provided on this form is
St. Paul, MN 55146-5140.
previously filed M2X, and
private, except for your Minnesota tax ID
• refund or reduction in tax from a protest
number, which is public. Private informa-
If you fail to report as required, a 10 percent
or other type of audit adjustment.
tion cannot be given to others except as
penalty will be assessed on any additional
provided by state law.
tax. See line 24 instructions.
Include any amount that was credited to es-
timated tax or applied to pay past due taxes.
The identity and income information of the
Claim for refund. Use Form M2X to make
beneficiaries are required under state law so
a claim for refund and report changes to
Do not include any interest that may have
the department can determine the benefi-
your Minnesota liability. If you make a
been included in the refunds you received.
ciaries’ correct Minnesota taxable income
claim for a refund and we do not act on it
and verify if the beneficiaries have filed
If the refund amount on your original
within six months of the date filed, you may
return was reduced by an additional charge
returns and paid the tax. The Social Security
bring an action in the district court or the
for underpaying estimated tax (2010 or pri-
numbers of the beneficiaries are required
tax court.
to be reported on Schedule KF under M.S.
or year M2, line 17, 2011 M2, line 19) add
289A.12, subd. 13.
the amount from this line to the amount
When to File
reflected on the 2010 or prior Form M2, line
Lines 1–20 and 32–48
File Form M2X only after you have
19, or 2011 Form M2, line 21, when figuring
filed your original return. You may file
the amount to enter on Form M2X, line 23.
Columns A, B, C
Form M2X within 3½ years after the return
Lines 25 and 30
Column A: Enter the amounts shown on
was due or within one year from the date
Lines 25 and 30 should reflect the changes
your original return or as later adjusted by
of an order assessing tax, whichever is later.
to your tax and/or credits as reported on
an amended return or audit report.
If you filed your original return under an
lines 1 through 20 of Form M2X. If you
extension by the extended due date, you
Column B: Enter the dollar amount of each
have unpaid taxes on your original Form
have up to 3½ years from the extended due
change as an increase or decrease for each
M2, this amended return is not intended to
date to file the amended return.
line you are changing. Show all decreases
show your corrected balance due.
in parentheses. On the back of Form M2X,
Filing Reminders
Line 25
explain the changes in detail. If the changes
If line 24 is a negative amount, treat it as a
The amended return must be signed
involve items requiring supporting infor-
positive amount and add it to line 14C. En-
by the fiduciary or authorized officer of
mation, attach to Form M2X the appropri-
ter the result on line 25. This is the amount
the organization receiving, controlling or
ate schedule, statement or form to verify the
you owe, which is due when you file your
managing the income of the estate or trust.
corrected amount.
amended return. You cannot use any funds
The person must also include his or her ID
Column C: Enter the corrected amounts af-
in your estimated tax account to pay this
number.
ter the increases or decreases. If there are no
amount. Continue with line 26.
changes, enter the amount from column A.
Continued
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