Form M4x - Amended Franchise Tax Return/claim For Refund - 2010 Page 5

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Instructions for 2010 Form M4X
(continued)
Line 38
Line 40
• refund or reduction in tax from a protest
or other type of audit adjustment.
If you are expecting a refund, you must
Interest is calculated as simple interest and
provide the requested banking information
accrues on unpaid tax and penalties from
Include any amount that was credited to
to have the full amount deposited directly
the regular due date until it is paid in full.
estimated tax, applied to pay past due taxes
into your bank account. You must use an
Use the formula below with the appropriate
or donated to the Minnesota Nongame
account not associated with any foreign
interest rate:
Wildlife Fund.
banks.
Interest = line 37 x number of days past
Do not include any interest that may have
Your bank statement will indicate when
the due date x interest rate ÷ 365
been included in the refunds you received.
your refund was deposited to your account.
The interest rate is determined each Octo‑
Lines 35 and 40
This refund cannot be applied to your esti‑
ber for the following calendar year. The rate
Lines 35 and 40 should reflect the changes to
mated tax account.
for 2011 is 3 percent. Rates for years after
your tax and/or credits as reported on lines 1
2011 will be available on our website.
Signature
through 27 of Form M4X. If you have unpaid
If the days fall in more than one calendar
taxes on your original Form M4, Form M4X
The return must be signed by a person
year, you must determine the number of
is not intended to show your corrected balance
authorized by the corporation.
days separately for each year.
due.
Preparer information
Penalty will be assessed if the additional tax
Line 35
and interest are not paid with the amended
If you pay someone to prepare your return,
If line 33 is a negative amount, treat it as a
return.
the preparer must sign the return and
positive amount and add it to line 34. Enter
enter his or her PTIN number and daytime
the result on line 35. This is the amount
Line 39
phone number. If you check the box after
you owe, which is due when you file your
To pay electronically. Go to our website at
the preparer’s signature, you authorize the
amended return. You cannot use any funds
and click on “Login
department to discuss the return with the
in your estimated tax account to pay this
to e-File Minnesota” from the e-Services
preparer.
amount. Continue with line 36.
menu. If you don’t have Internet access, call
1‑800‑570‑3329 to pay by phone.
Line 36
For additional information
To pay by check. You must complete Form
If only one of the penalties below applies,
Website:
PV64 and mail it with your Form M4X
you must multiply line 35 by 10 percent
along with a check made payable to Min-
Email:
BusinessIncome.Tax@state.mn.us
(.10). If both penalties apply, multiply line
nesota Revenue.
35 by 20 percent (.20). Enter the result on
Phone: 651‑556‑3075
line 36.
Your check authorizes us to make a one-
(TTY: Call 711 for Minnesota Relay)
time electronic fund transfer from your
• The IRS assessed a penalty for negli-
We’ll provide information in other formats
account. You may not receive your canceled
gence or disregard of rules or regula-
upon request.
check.
tions, and/or
• You failed to report federal changes
to the department within 180 days as
required.

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