Form M11t - Insurance Premium Tax Return And Firetown Report For Township Mutual - 2014 Page 2
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42014 Insurance Premium Tax Return and Firetown Report for
Township Mutual Instructions
For insurance tax laws, see Minnesota Statutes, Chapter 297I at www .leg .state .mn .us .
Before You File
You must also pay electronically if you’re
If you do not pay the correct amount of
required to pay any Minnesota business tax
estimated tax by the due dates and your tax
You Need a Minnesota Tax ID
electronically, such as sales or withholding
liability is more than $500, you may have to
Your Minnesota tax ID is the seven-digit
tax.
pay an additional charge for underpaying.
number you’re assigned when you register
Complete the worksheet on page 3.
To pay over the Internet, go to the depart-
with the Department of Revenue. You must
ment’s website at
Overpayments from prior years or prior
include your Minnesota tax ID on your
and login to e-Services. If you don’t have
estimated overpayments should be applied
return so that your filing and any payments
Internet access, call 1-800-570-3329 to
before underpayment charges are figured.
you make are properly credited to your
pay by phone. You’ll need your user name,
account.
Return Payment
password and bank routing and account
If there is an amount due on Form M11T,
If you don’t have a Minnesota tax ID, apply
numbers. When paying electronically, you
either pay it electronically or by check.
online at or call
must use an account not associated with any
651-282-5225 or 1-800-657-3605.
foreign banks.
Visit our website at
mn.us and click on “Make a Payment” and
It is also important to enter your federal ID
If you use other electronic payment
then “By check” to create a voucher. Print
number and NAIC number on your return,
methods, such as ACH credit method or
and mail the voucher with a check made
but not in place of your Minnesota tax ID
Fed Wire, instructions are available on our
number.
payable to Minnesota Revenue.
website or by calling Business Registration
Office at 651-282-5225 or 1-800-657-3605.
When you pay by check, your check autho-
Filing Requirements
rizes us to make a one-time electronic fund
Estimated Tax Payments
All Minnesota township mutual insurance
transfer from your account, and you may
If your estimated premium tax is more than
companies must file Form M11T, a com-
not receive your canceled check.
$500, you must make estimated payments
bined premium tax return and firetown
Note: If no amount is due or if you pay elec-
based on the entire estimated amount. To
premium report.
tronically, do not send in a voucher.
avoid an additional charge for underpaying
(M.S. 297I.05, subd. 2)
the tax, your payments must be made on
Completing Form M11T
time and be at least one-fourth of the prior
Due Date
year’s total annual tax liability, or one-fourth
File Form M11T with all required attach-
Check Boxes
of 80 percent of the current year’s total an-
ments and pay any tax due by March 1.
At the top of the form, check if the return is:
nual tax liability.
Payment extensions are not allowed.
• an Amended Return: Check only if you
Estimated payments are due quarterly on
The U.S. postmark date, or date recorded or
are amending a previously filed return
March 15, June 15, Sept. 15 and Dec. 15.
marked by a designated delivery service, is
for the same period. Include all original
When the due date falls on a weekend or
considered the filing date (private postage
and corrected premiums on the amended
legal holiday, payments made electronically
meter marks are not valid). When the due
return.
or postmarked on the next business day are
date falls on a Saturday, Sunday or legal
considered timely.
• a No Activity Return: Check only if you
holiday, returns and payments electroni-
did not have any tax activity during the
cally made or postmarked the next business
Check Payments
year.
day are considered timely. When a return
If you’re not required to pay electronically
or payment is late, the date it is received at
and are paying by check, visit our website
Line Instructions
the Department of Revenue is treated as the
at and click on
Round amounts to the nearest dollar. De-
date filed or paid.
“Make a Payment” and then “By check” to
crease any amount less than 50 cents and in-
create a voucher. Print and mail the voucher
Extension for Filing Return. If good cause
crease any amount that is 50 cents or more
with a check made payable to Minnesota
exists, you may request a filing extension.
to the next higher dollar.
Revenue.
Payments
Line 4
When you pay by check, your check autho-
Historic Structure Rehabilitation Credit
rizes us to make a one-time electronic fund
Electronic Payments
A refundable credit is available to taxpayers
transfer from your account, and you may
If your total insurance taxes and surcharges
who are eligible for the Federal Historic Re-
not receive your canceled check.
for the last 12-month period ending June
habilitation Credit for improving a certified
30 is $10,000 or more, you are required to
If you make your payments electronically,
historic structure located in Minnesota. The
pay your tax electronically in all subsequent
do not send in the voucher.
credit is equal to 100 percent of the federal
years.
credit, and it may be transferred or assigned
to others, including insurance companies.
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Continued
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