Form M4x - Amended Franchise Tax Return/claim For Refund - 2010 Page 4
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5Instructions for Form M4X for 2010
For additional information, refer to the 2010 forms and instructions .
Federal return adjustments
Use of information
Line 4
All information provided on this form is
If the changes affect your sales, property
If you amend your federal tax return or if
private, except for your Minnesota tax ID
and payroll within Minnesota, you must
the Internal Revenue Service (IRS) makes
number, which is public. Private informa‑
complete and attach the 2010 M4A.
an adjustment to your federal return, you
tion cannot be given to others except as
must notify us within 180 days. Failure to
Be sure to use the following apportionment
provided by state law.
report federal changes on an amended re‑
factors applicable for tax year 2010:
turn, Form M4X, within 180 days will result
Lines 1-28,
Sales
Property
Payroll
in a penalty of 10 percent of any additional
Columns A, B and C
Factor
Factor
Factor
tax due. See line 36 instructions.
Column A: Enter the amounts shown on
87 . . . . . . . . 6.5 . . . . . . . . . 6.5
Attach a copy of your amended federal
your original return or as later adjusted
return or notice of adjustment to your
by an amended return or audit report (see
Line 6
Form M4X.
Where to find amounts from 2010 return
Enter Minnesota nonapportionable income
below).
Refunds
as a negative. Example: ($100). Enter Min‑
Column B: For each line you are changing,
nesota nonapportionable loss as a positive.
Use the 2010 Form M4X to make a claim
enter the dollar amount of each change as
Example: $100.
for refund and report changes to your
an increase or decrease. Show all decreases
Minnesota liability for tax year 2010. If you
Lines 12–28
in parentheses. On page 2 of Form M4X,
make a claim for a refund and we do not
explain the changes in detail. If the changes
Refer to the 2010 Corporation Franchise Tax
act on it within six months of the date filed,
involve items requiring supporting infor‑
Return (Form M4) instructions for details.
you may bring an action in the district or
mation (by corporation return or instruc‑
Lines 9, 23, 24 and 25. If you are changing
tax court.
tions), attach the appropriate schedule,
any amounts on lines 9, 23, 24 and/or 25,
statement or form to Form M4X to verify
When to file
you must attach a corrected copy of the ap‑
the corrected amount.
propriate schedule.
File Form M4X only after you have
Column C: Add column B increases to
filed your original return. You may file
Lines 15, 16 and 21. Changes to your regu‑
column A, or subtract column B decreases
Form M4X within 3½ years after the return
lar franchise tax on line 12 and/or alterna‑
from column A, and enter the result in
was due or within one year from the date of
tive minimum tax on line 13 may also affect
column C. If there are no changes, enter the
an order assessing tax, whichever is later. If
the amount you are able to claim of any
amount from column A.
you filed your original return under an ex‑
credits against tax (alternative minimum tax
tension by the extended due date, you have
credit, carryover of any research credit and
Line 1
up to 3½ years from the extended due date
employer transit pass credit).
Enter the amount of Minnesota net income
to file the amended return, Form M4X.
or loss before apportionment. For col‑
Line 29
umn C, enter the corrected amount from
Filing reminders
Enter the total of the following tax amounts,
Form M4X, page 3, line 7.
whether or not paid:
The amended return must be signed by a
person authorized by the corporation.
• amount from line 11 of your original M4,
• amount due of a previously filed Form
If you pay someone to prepare your
M4X (which is line 35 of the 2010 Form
return, the preparer must sign and enter his
M4X), and
or her PTIN number and daytime phone.
• additional tax due as the result of an
Round amounts to the nearest dollar.
Where to find amounts
audit or notice of change.
Drop any amount less than 50 cents and in‑
crease any amount that is 50 cents or more
from 2010 return
Do not include any amounts that were paid
to the next higher dollar.
for penalty, interest or underpayment of
M4X,
M4X,
estimated tax.
Completing the form
line
line
Line 32
Enter your tax year beginning and ending
1 . . M4I, line 8
16 . . M4T, line 17
Enter the total of the following refund
dates at the top of the form. On page 2 of
2 . . M4I, line 9
19 . . M4T, line 19
amounts:
Form M4X, include a detailed explanation
4 . . M4A, line 17
21 . . M4T, line 21
of why the original return was incorrect.
6 . . M4T, line 4
23 . . M4, line 4
• amount from line 18 of your original M4,
Providing this information will help us to
7 . . M4T, line 6
24 . . M4, line 5
even if you have not yet received it,
verify the amended amounts.
8 . . M4T, line 8b
25 . . M4, line 6
• refund amount of a previously filed Form
9 . . M4T, line 9
26 . . M4, line 7
Estimated payments and refunds credited
M4X (which is line 40 of the 2010 Form
13 . . M4T, line 13
27 . . M4, line 8
to subsequent years cannot be amended.
M4X), and
15 . . M4T, line 15
Stock No . 4500040 (Rev . 4/11)
Continued
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