Form M11l - Insurance Premium Tax Return For Life And Health Companies - Minnesota Department Of Revenue - 2013 Page 3
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52013 Insurance Premium Tax Return for Life and Health Companies
Includes instructions for Form M11L
.
For insurance tax laws, see Minnesota Statutes, Chapter 297I at
Before You File
The U.S. postmark date, or date recorded or
If you are not required to pay electronically
marked by a designated delivery service, is
and you choose to pay by check, you must
You Need a Minnesota Tax ID
considered the filing date (private postage
mail a personalized M19 payment voucher
Your Minnesota tax ID is the seven-digit
meter marks are not valid). When the due
along with your estimated tax payment to
number you’re assigned when you register
date falls on a Saturday, Sunday or legal
help ensure the payment is credited cor-
with the Department of Revenue. You must
holiday, returns and payments electroni-
rectly. Download the M19 voucher from our
include your Minnesota tax ID on your
cally made or postmarked the next business
website, type in the required information
return so that your filing and any payments
day are considered timely. When a return
while the form is on the screen and print
you make are properly credited to your
or payment is late, the date it is received at
a copy. A personalized scan line will be
account.
the Department of Revenue is treated as the
printed on the bottom using the informa-
date filed or paid.
tion you entered.
If you don’t have a Minnesota tax ID, apply
online at or call
Extension for Filing Return. If good cause
When you pay by check, your check autho-
651-282-5225 or 1-800-657-3605.
exists, you may request a filing extension.
rizes us to make a one-time electronic fund
transfer from your account, and you may
It is also important to enter your federal ID
Payments
not receive your canceled check.
number and NAIC number on your return,
but not in place of your Minnesota tax ID
If you make your payments electronically,
Electronic Payments
number.
do not send in the M19 vouchers.
If your total insurance taxes and surcharges
due for the last 12-month period ending
If you do not pay the correct amount of
Filing Requirements
June 30 is $10,000 or more, you are required
estimated tax by the due dates and your tax
All life and health insurance companies
to pay your tax electronically in all subse-
liability is more than $500, you may have
licensed in Minnesota during the tax year
quent years.
to pay an additional charge for underpay-
must file a premium tax return even if they
ing. Complete the worksheet on page 3.
You must also pay electronically if you’re
have not actually transacted insurance
Overpayments from prior years or prior
required to pay any Minnesota business tax
business in Minnesota during the tax year.
estimated overpayments should be applied
electronically, such as withholding tax.
Insurers with a premium tax liability of
before underpayment charges are figured.
more than $500 must also make estimated
To pay over the Internet, go to the depart-
tax payments. (M.S. 297I.05, subd. 14)
ment’s website at
Return Payment
and login to e-Services. If you don’t have
If there is an amount due on Form M11L,
Insurance companies are exempt from
Internet access, call 1-800-570-3329 to
either pay it electronically or by check.
Minnesota corporation franchise tax. (M.S.
pay by phone. You’ll need your user name,
290.05, subd. 1c)
If you are not required to pay electronically
password and bank routing and account
and you choose to pay by check, you must
numbers. When paying electronically, you
Annual Financial Statements. Insurance
complete a Form PV42 payment voucher
must use an account not associated with any
companies that do not file statements with
and include it with your check when you file
foreign banks.
the NAIC are required to file a copy of their
Form M11L.
statement with the Department of Revenue
If you use other electronic payment
(9” x 14” version). If any premiums or
Download the PV42 voucher from our web-
methods, such as ACH credit method or
deductions reported on Form M11L cannot
site, type in the required information while
Fed Wire, instructions are available on our
be verified from the annual statement, you
the form is on the screen and print a copy. A
website or by calling Business Registration
must attach documentation to your tax
personalized scan line will be printed on the
Office at 651-282-5225 or 1-800-657-3605.
return substantiating the amounts.
bottom using the information you entered.
Estimated Tax Payments
When you pay by check, your check autho-
Which Form to File
If your total annual tax liability is more than
rizes us to make a one-time electronic fund
$500, you must make estimated payments.
Life and health insurance companies use
transfer from your account, and you may
To avoid an additional charge for underpay-
Form M11L to file premium taxes.
not receive your canceled check.
ing the tax, your payments must be made on
Property, casualty and title insurance com-
time and be at least one-fourth of the prior
Note: If no amount is due or if you pay elec-
panies use Form M11 to file premium taxes.
year’s total annual tax liability, or one-fourth
tronically, do not send in Form PV42.
of 80 percent of the current year’s total an-
Due Date
nual tax liability.
File your Form M11L with all required at-
Estimated payments are due quarterly on
tachments and pay any tax due by March 1.
March 15, June 15, Sept. 15 and Dec. 15.
Payment extensions are not allowed.
When the due date falls on a weekend or
legal holiday, payments made electronically
or postmarked on the next business day are
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considered timely.
Continued
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