Fillable Form M8x - Amended S Corporation Return/claim For Refund (Page 3 of 4) in pdf

Form M8X Instructions

Before you can complete Form M8X, you will need the M8 instructions for the year you are amending

Who Should File M8X?

Lines 1–11,

Round amounts to the nearest dollar.

Decrease any amount less than 50 cents

This form must be filed by S corporations to

Columns A, B and C

and increase any amount that is 50 cents or

correct—or amend—an original Minnesota

Column A: Enter the amounts shown on

more to the next higher dollar.

Form M8, S Corporation Return. You must

your original return or as later adjusted by

also use Form M8X to amend prior year

an amended return or audit report.

Completing the Form

returns.

Column B: Enter the dollar amount of each

Enter the tax year you are amending at the

Federal Return Adjustments. If the Inter-

change as an increase or decrease for each

top of the form. On the back of Form M8X,

nal Revenue Service (IRS) changes or audits

line you are changing. Show all decreases in

include a detailed explanation of why the

your federal return or you amend your

parentheses.

original return was incorrect. Providing this

federal return and it affects your Minnesota

information will help us verify the amended

If the changes you are making affect the

return, you have 180 days to file an amend-

amounts.

amounts on a schedule, you must complete

ed Minnesota return. If you are filing Form

and enclose a corrected schedule.

M8X based on an IRS adjustment, be sure

Estimated payments and refunds credited

to check the box in the heading and attach

to subsequent years cannot be amended or

If you do not enter an amount when there is

to your Form M8X a complete copy of your

changed after the original return is filed.

a change , the processing of your amended

amended federal return or the correction

return will be delayed. You must also

Form AWC, Alternative Withholding Cer-

notice you received from the IRS.

explain each change in detail in the space

tificate, can only be filed with the original

on the back of Form M8X and enclose any

If the changes do not affect your Minnesota

return. Any Forms AWC received after the

related schedules or forms.

return, you have 180 days to send a letter of

filing of the original return will be denied.

explanation to the department. Send your

If you are not making a change for a given

Apportionment Factors. If the changes af-

letter and a complete copy of your amended

line, leave column B blank.

fect your sales, property and payroll within

federal return or the correction notice you

Minnesota, you must complete and attach

Column C: Enter the corrected amounts af-

received from the IRS to: Minnesota S Cor-

M8A. Be sure to use the correct apportion-

ter the increases or decreases. If there are no

poration Tax, Mail Station 5170, St. Paul,

ment factors for the year you are amending.

changes, enter the amount from column A.

MN 55146-5170.

Below is a list of apportionment factors for

If you fail to report as required, a 10 percent

each tax year:

Line 12

penalty will be assessed on any additional

Enter the total of the following tax amounts,

Sales

Property

Payroll

tax. See line 17 instructions.

whether or not paid:

Tax year

Factor

• amount from line 15 of your original M8;

Claim for Refund. Use Form M8X to make

2014 & later . . 100 . . . . . 0 . . . . . . . . 0

a claim for refund and report changes to

• amount from line 16 of a previously filed

2013 . . . . . . . . . 96 . . . . . 2 . . . . . . . . 2

your Minnesota liability. If you make a

Form M8X; and

2012 . . . . . . . . . 93 . . . . . 3.5 . . . . . . 3.5

claim for a refund and we do not act on it

• additional tax due as the result of an audit

2011 . . . . . . . . . 90 . . . . . 5 . . . . . . . . 5

within six months of the date filed, you may

or notice of change.

2010 . . . . . . . . . 87 . . . . . 6.5 . . . . . . 6.5

bring an action in the district court or the

2009 . . . . . . . . . 84 . . . . . 8 . . . . . . . . 8

Do not include any amounts that were paid

tax court.

2008 . . . . . . . . . 81 . . . . . 9.5 . . . . . . 9.5

for penalty, interest or underpayment of

estimated tax.

2007 . . . . . . . . . 78 . . . . 11 . . . . . . . 11

When to File

2006 & prior . . 75 . . . . 12.5 . . . . . 12.5

File Form M8X only after you have

Line 14

Use of Information

filed your original return. You may file

Enter the total of the following refund

Form M8X within 3½ years after the return

amounts:

All information provided on this form is

was due or within one year from the date

private, except for your Minnesota tax ID

• from line 20 of your original M8, even if

number, which is public. Private informa-

of an order assessing tax, whichever is later.

you have not yet received it;

tion cannot be given to others except as

If you filed your original return under an

• from line 21 of a previously filed Form

provided by state law.

extension by the extended due date, you

M8X; and

have up to 3½ years from the extended due

The identity and income information of the

• refund or reduction in tax from a protest

date to file the amended return.

shareholders are required under state law

or other type of audit adjustment.

so the department can determine the share-

Filing Reminders

holder’s correct Minnesota taxable income

Include any amount that was credited to

and verify if the shareholder has filed a

The amended return must be signed by a

estimated tax, applied to pay past due taxes

return and paid the tax. The Social Security

or donated to the Minnesota Nongame

principal officer of the corporation.

number of the shareholders are required

Wildlife Fund.

If you pay someone to prepare your

to be reported on Schedule KS under M.S.

Do not include any interest that may have

return, the preparer must sign and enter his

289A.12, subd. 13.

been included in the refunds you received.

or her PTIN number and daytime phone.

Continued

Form M8x - Amended S Corporation Return/claim For Refund Page 3

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