Fillable Form M4r - Minnesota Business Activity Report (Page 2 of 2) in pdf

Form M4R Instructions

Filing Requirements

Due Date

Exempt activities. You are not required to

file this report if your activities in Minne-

Corporations are required to file

You must file Form M4R each year by the

sota relate solely to your ownership of an

Form M4R, Minnesota Business Activity

15th day of the fourth month after the close

interest in the following:

Report, with the Minnesota Department of

of your calendar or fiscal accounting year.

Revenue if they obtain any business from

• real estate mortgage investment

within Minnesota during the calendar or

Penalties

conduits;

fiscal accounting year. If you are registered

If you do not file Form M4R, you will lose

• real estate investment trusts;

with the Minnesota Secretary of State’s Of-

your right under Minnesota law to file a

• regulated investment companies;

fice to do business in this state, you are not

lawsuit, except for lawsuits related to your

required to file Form M4R. (Read “Exemp-

• securitized loans;

Minnesota tax liability.

tions” and “Exempt activities” for additional

• secondary loan market assets; or

You will not be able to use the courts (ex-

exceptions to this requirement.)

• property acquired in satisfaction of a

cept for activities or property described un-

Business obtained from within Minnesota

default on a secondary loan market asset,

der “Exempt activities”) to enforce contracts

includes:

provided the property is disposed of in a

or to settle lawsuits that arise before the end

reasonable time.

of the last accounting period for which you

• sales of products or services to Minnesota

fail to file a timely report.

customers who receive the product or

Exempt activities related to the above types

service in Minnesota;

of property include contacts with Minne-

You will be allowed to continue any lawsuits

sota reasonably required to:

• sales of services that are performed out-

if you pay all taxes, interest and civil penal-

side Minnesota, the benefits of which are

ties due, or if you provide for them by post-

• evaluate and complete the acquisition or

consumed in Minnesota;

ing a security bond with the Department of

disposition of the property;

Revenue.

• transactions with Minnesota customers

• service the property or collect income

that involve intangible property and re-

from the property; or

The Department of Revenue may disclose to

sult in income flowing to the corporation

litigants if a Business Activities Report has

• acquire or liquidate collateral relating to

from within Minnesota;

been filed by a party to a lawsuit.

the property.

• leases of tangible personal property

Secondary loan market assets consist of

located in Minnesota;

Minnesota Tax ID Number

interest in the following assets in which the

• sales and leases of Minnesota real estate;

The Minnesota tax ID number is the seven-

obligations are solicited and entered into by

and

digit number assigned by the Department of

persons independent of and not acting on

Revenue. It is the same as your Minnesota

• deposits made to financial institutions by

behalf of your corporation:

sales and use tax number or your Minnesota

Minnesota customers.

• lease financing receivables;

employer’s withholding tax number.

Exemptions. You do not have to file

• loans secured by real or tangible personal

If you do not have a Minnesota tax ID and

Form M4R if:

property;

do not need to file sales, use or withholding

• you have received a certificate of author-

• commercial or consumer loans and

tax in Minnesota, leave this space blank.

ity to do business in Minnesota from

installment obligations;

the Secretary of State by the end of the

Information and Assistance

• credit card or merchant discount receiv-

accounting period for which you would

ables; and

Website:

have had to file the report;

Email:

BusinessIncome.tax@state.mn.us

• securities or money market instruments.

• your corporation is an insurance com-

Phone:

651-556-3075 (TTY: Call 711 for

pany licensed by the Department of

The exemption for secondary loan market

Minnesota Relay)

Commerce to transact insurance business

assets does not apply to a member of a

We’ll provide information in other formats

in Minnesota;

unitary group that acquires the asset from

upon request to persons with disabilities.

another member of the unitary group.

• you are exempt from taxation under Sub-

chapter F of the Internal Revenue Code;

• your corporation is a mining business

and subject to Minnesota’s occupation

tax; or

• you have filed a timely tax return.

Form M4r - Minnesota Business Activity Report Page 2

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