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

Form M8X Instructions

(continued)

Signature

Lines 16 and 21

Line 20

Pay Electronically. To pay electronically, go

Lines 16 and 21 should reflect the changes to

The return must be signed by the princi-

to and log in to

your tax and/or credits as reported on lines 1

pal officer of the organization receiving,

e-Services. If you don’t have Internet access,

through 11 of Form M8X. If you have unpaid

controlling or managing the income of the

call 1-800-570-3329 to pay by phone.

taxes on your original Form M8, Form M8X

S corporation. The person must also include

is not intended to show your corrected bal-

his or her ID number.

Pay by Check. If you are paying by check,

ance due.

you must complete Form PV65 and mail

If someone other than the principal officer

it with your Form M8X along with a check

prepared the return, the preparer must also

Line 16

made payable to Minnesota Revenue.

sign. The preparer’s PTIN and phone num-

If line 15 is a negative amount, treat it as a

When you pay by check, your check autho-

ber should also be included.

positive amount and add it to line 7C. Enter

rizes us to make a one-time electronic fund

the result on line 16. This is the amount

You may check the box in the signature area

transfer from your account. You may not

you owe, which is due when you file your

to give us your permission to discuss your

receive your canceled check.

amended return. You cannot use any funds

return with the paid preparer. This autho-

in your estimated tax account to pay this

rization remains in effect until you notify

Line 21

amount. Continue with line 17.

the department in writing (either by mail or

If you want your refund to be directly de-

fax) that the authorization is revoked.

posited into your bank account, complete

Line 17

line 22. Your bank statement will indicate

If only one of the penalties below applies,

Checking the box does not give your pre-

when your refund was deposited to your

you must multiply line 16 by 10 percent

parer the authority to sign any tax docu-

account. Otherwise, skip line 22 and your

(.10). If both penalties apply, multiply line

ments on your behalf or to represent you at

refund will be sent to you in the mail.

16 by 20 percent (.20). Enter the result on

any audit or appeals conference. For these

line 17.

This refund cannot be applied to your esti-

types of authorities, you must file a power of

mated tax account.

attorney, Form REV184.

• The IRS assessed a penalty for negli-

gence or disregard of rules or regula-

Line 22

Email Address

tions; and/or

If you want your refund to be directly

If the department has questions regarding

• You failed to report federal changes

deposited into your checking or savings

your return and you want to receive corre-

to the department within 180 days as

account, enter the routing and account

spondence electronically, indicate the email

required.

numbers. You must use an account not as-

address below your signature. Check a box

sociated with any foreign banks.

to indicate if the email address belongs to

Line 19

an employee of the S corporation, the paid

Interest is calculated as simple interest and

The routing number must have nine digits.

preparer or other contact person.

accrues on unpaid tax and penalties from

The account number may contain up to 17

the regular due date until it is paid in full.

By providing an email address, you are

digits (both numbers and letters). Enter the

Use the formula below with the appropriate

authorizing the department to correspond

number and leave out any hyphens, spaces

interest rate:

with you or the designated person over the

and symbols.

Internet and you understand that the en-

Interest = line 18 x number of days past

tity’s nonpublic tax data may be transmitted

the due date x interest rate ÷ 365

You can find your bank’s routing number and

over the Internet.

account number on the bottom of your check .

If the days fall in more than one calendar

You also accept the risk that the data may

year, you must determine the number of

be accessed by someone other than the

days separately for each year.

intended recipient. The department is not

The interest rates for recent years are:

liable for any damages that the entity may

If the routing or account number is incor-

incur as a result of an interception.

2010-12 3%

2003 5%

1998

rect or is not accepted by your financial

2009

2002 7%

1997

institution, your refund will be sent to you

Information and Assistance

2007-08 8%

2001 9%

1996

in the form of a paper check.

2006

2000 8%

1995

Website:

By completing line 22, you are authorizing

2004-05 4%

1999 8%

1993-94 6%

Email:

BusinessIncome.Tax@state.mn.us

the department and your financial institu-

Penalty will be assessed if the additional tax

Phone: 651-556-3075

tion to initiate electronic credit entries, and

and interest are not paid with the amended

(TTY: Call 711 for Minnesota Relay)

if necessary, debit entries and adjustments

return.

for any credits made in error.

We’ll provide information in other formats

upon request.

Form M8x - Amended S Corporation Return/claim For Refund Page 4

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