Form M11 - Insurance Premium Tax Return For Property And Casualty Companies - 2013 Page 3
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62013 Insurance Premium Tax Return for Property and Casualty Companies
Includes instructions for Form M11
.
For insurance tax laws, see Minnesota Statutes, Chapter 297I at www .leg .state .mn .us
Before You File
Estimated payments are due quarterly on
Due Date
March 15, June 15, Sept. 15 and Dec. 15.
You Need a Minnesota Tax ID
File your Form M11 with all required at-
When the due date falls on a weekend or
Your Minnesota tax ID is the seven-digit
tachments and pay any tax due by March 1.
legal holiday, payments made electronically
number you’re assigned when you register
Payment extensions are not allowed.
or postmarked on the next business day are
with the Department of Revenue. You must
The U.S. postmark date, or date recorded or
considered timely.
include your Minnesota tax ID on your
marked by a designated delivery service, is
return so that your filing and any payments
If you are not required to pay electronically
considered the filing date (private postage
you make are properly credited to your
and you choose to pay by check, you must
meter marks are not valid). When the due
account.
mail a personalized M19 payment voucher
date falls on a Saturday, Sunday or legal
along with your estimated tax payment to
If you don’t have a Minnesota tax ID, apply
holiday, returns and payments electroni-
help ensure the payment is credited cor-
online at or call
cally made or postmarked the next business
rectly. Download the M19 voucher from our
651-282-5225 or 1-800-657-3605.
day are considered timely. When a return
website, type in the required information
or payment is late, the date it is received at
It is also important to enter your federal ID
while the form is on the screen and print
the Department of Revenue is treated as the
number and NAIC number on your return,
a copy. A personalized scan line will be
date filed or paid.
but not in place of your Minnesota tax ID
printed on the bottom using the informa-
number.
Extension for Filing Return. If good cause
tion you entered.
exists, you may request a filing extension.
When you pay by check, your check autho-
Filing Requirements
rizes us to make a one-time electronic fund
Payments
All insurance companies licensed in Minne-
transfer from your account, and you may
sota during the tax year must file a premium
Electronic Payments
not receive your canceled check.
tax return even if they have not actually
If your total insurance taxes and surcharges
If you make your payments electronically,
transacted insurance business in Minnesota
due for the last 12-month period ending
do not send in the M19 vouchers.
during the tax year. Insurers with a premium
June 30 is $10,000 or more, you are required
tax liability of more than $500 must also make
to pay your tax electronically in all subse-
If you do not pay the correct amount of
estimated tax payments.
quant years.
estimated tax by the due dates and your tax
liability is more than $500, you may have
Insurance companies are exempt from
You must also pay electronically if you’re
to pay an additional charge for underpay-
Minnesota corporation franchise tax. (M.S.
required to pay any Minnesota business tax
ing. Complete the worksheet on page 4.
290.05, subd. 1c)
electronically, such as withholding tax.
Overpayments from prior years or prior
Annual Financial Statements. Insurance
To pay over the Internet, go to the depart-
estimated overpayments should be applied
companies that do not file statements with
ment’s website at
before underpayment charges are figured.
the NAIC are required to file a copy of their
and login. If you don’t have Internet access,
statement with the Department of Revenue
call 1-800-570-3329 to pay by phone. You’ll
Return Payment
(9” x 14” version). If any premiums or
need your user name, password and bank
If there is an amount due on Form M11,
deductions reported on Form M11 cannot
routing and account numbers. When paying
either pay it electronically or by check.
be verified from the annual statement, you
electronically, you must use an account not
If you are not required to pay electronically
associated with any foreign banks.
must attach documentation to your tax
and you choose to pay by check, you must
return substantiating the amounts.
If you use other electronic payment
complete a Form PV42 payment voucher
methods, such as ACH credit method or
Which Form to File
and include it with your check when you file
Fed Wire, instructions are available on our
Form M11. Download the PV42 voucher
Property, casualty and title insurance com-
website or by calling Business Registration
from our website, type in the required infor-
panies use Form M11 to file premium taxes,
Office at 651-282-5225 or 1-800-657-3605.
mation while the form is on the screen and
unless they are required to file Form M11L,
print a copy. A personalized scan line will
M11H, or M11T (see below).
Estimated Tax Payments
be printed on the bottom using the infor-
If your total tax liability for premium is
• Life and health insurance companies use
mation you entered.
more than $500, you must make estimated
Form M11L to file premium taxes.
payments based on the entire estimated
When you pay by check, your check autho-
• Health-care providers, such as nonprofit
amount. To avoid an additional charge for
rizes us to make a one-time electronic fund
health-plan corporations, health-mainte-
underpaying the tax, your payments must
transfer from your account, and you may
nance organizations or community inte-
be made on time and be at least one-fourth
not receive your canceled check.
grated service networks use Form M11H.
of the total annual prior year’s tax liability,
Note: If no amount is due or if you pay elec-
• Minnesota township mutual insurance
or one-fourth of 80 percent of the total an-
tronically, do not send in Form PV42.
companies use Form M11T, a combined
nual current year’s tax liability.
premium tax return and firetown pre-
mium report.
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Continued
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