Form M11l - Insurance Premium Tax Return For Life And Health Companies - Minnesota Department Of Revenue - 2013 Page 5
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52013 Form M11L Instructions
(continued)
Payment Method. If you are required to
Interest =
notifying us, we will be able to let you know
pay electronically and do not, an additional
(tax + penalty) × # of days late × interest
of any changes in Minnesota tax laws and
5 percent penalty applies to payments not
rate ÷ 365
filing requirements.
made electronically, even if a paper check is
Information and Assistance
sent on time.
Mailing Your Return
Website:
Mail your return and all required attach-
Line 44c
Email:
insurance.taxes@state.mn.us
ments to: Minnesota Revenue, Mail Station
Interest
Phone:
651-556-3024
1780, St. Paul, MN 55145-1780.
Interest. You must pay interest on the
We’ll provide information in other formats
unpaid tax plus penalty from the due date
For express deliveries, use our street ad-
upon request to persons with disabilities.
until the total is paid. The interest rate for
dress: 600 N. Robert St., St. Paul, MN 55101
calendar year 2014 is 3 percent. The rate
For questions about licensing and regula-
Business Information
may change for future years.
tions, contact the Minnesota Department of
Changes
Commerce:
To figure how much interest you owe, use
Be sure to let us know within 30 days if you
the following formula with the appropriate
Website:
change mailing addresses, phone numbers,
interest rate:
Email:
companylic.commerce@state.mn.us
or any other business information. To do
Phone:
651-296-6319 or 1-800-657-3602
so, go to our website, login to e-Services
and update your profile information. By
Worksheet: Additional Charge for Underpaying Estimated Tax for 2013
1 Enter 80 percent of your total annual tax liability from line 41 of your 2013 Form M11L.
If your tax liability was $500 or less, you do not owe an additional charge. . . . . . . . . . . . . . . . . . . . . . . 1
2 Enter the amount from line 41 of your 2012 Form M11L. If you were not required to file
a 2012 return, you do not owe an additional charge . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2
Due Dates
March 15
June 15
Sept. 15
Dec. 15
3 Enter one-fourth of step 1 or step 2 (whichever is less)
in each column . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3
4 Amounts paid on or before the due date for each period. Include
credits applied, such as prior year’s overpayment . . . . . . . . . . . . . . . 4
5 Overpayment of previous installment (see worksheet instructions) . 5
6 Add steps 4 and 5 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 6
7 Underpayment (or overpayment). Subtract step 6 from step 3 . . . . . 7
8 Date underpayment is paid or March 1, 2014, whichever is earlier. . . .8
9 Number of days from the due date to the date on step 8 . . . . . . . . . 9
10 Additional charge (step 9 ÷ 365 × interest (see below) × step 7) . . 10
11 TOTAL. Add amounts in each column of step 10.
Enter the result here and on Form M11L, line 44a . . . . . . . . . . . . . 11
If step 11 is zero, keep this worksheet for your records. If it is more than zero, attach a copy of the worksheet to your Form M11L.
Interest: 2013 = .03; 2014 = .03
Worksheet Instructions
Step 5
from the first estimated payment’s due date
If there are payments included from a
to the date the second payment is made.
Payments of estimated tax are applied
merged company, attach a schedule listing
against any underpayments of required
the merged company name, NAIC number,
Also, the second estimated payment will
estimated payments in the order that the
payment amounts and payment dates.
then be underpaid by $100 (assuming that
estimated payments were due.
the second payment is $200) until sufficient
Credit the excess of any overpayment for a
repayments are received to eliminate the
For example, if your first estimated payment
period on step 5 of the next payment period.
underpayment.
is underpaid by $100 and you deposit $200
Step 10
for your second estimated payment, $100 of
If more than one payment has been made
If there is no underpayment on step 7, enter
your second payment is applied to the first
for a required estimated payment, attach a
estimated payment. The additional charge
“none” on step 10 for that period.
3
separate computation for each payment.
for the first estimated payment is computed
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