Form M11t - Insurance Premium Tax Return And Firetown Report For Township Mutual - 2012 Page 2
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42012 Insurance Premium Tax Return and Firetown Report for
Township Mutual Instructions
Includes instructions for Form M11T
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 2.
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 you don’t have a Minnesota tax ID, apply
If there is an amount due on Form M11T,
numbers. When paying electronically, you
online at or call
either pay it electronically or by check.
must use an account not associated with any
651-282-5225 or 1-800-657-3605.
foreign banks.
If you are not required to pay electronically
It is also important to enter your federal ID
and you choose to pay by check, you must
If you use other electronic payment
number and NAIC number on your return,
complete a Form PV42 payment voucher
methods, such as ACH credit method or
but not in place of your Minnesota tax ID
and include it with your check when you file
Fed Wire, instructions are available on our
number.
Form M11T. Download the PV42 voucher
website or by calling Business Registration
from our website, type in the required infor-
Office at 651-282-5225 or 1-800-657-3605.
Filing Requirements
mation while the form is on the screen and
Estimated Tax Payments
print a copy. A personalized scan line will
All Minnesota township mutual insurance
If your estimated premium tax is more than
be printed on the bottom of the voucher
companies must file Form M11T, a com-
$500, you must make installment payments
using the information you entered.
bined premium tax return and firetown
premium report.
based on the entire estimated amount. To
When you pay by check, your check autho-
avoid an additional charge for underpaying
rizes us to make a one-time electronic fund
(M.S. 297I.05, subd. 2)
the tax, your payments must be made on
transfer from your account, and you may
time and be at least one-fourth of the prior
Due Date
not receive your canceled check.
year’s total annual tax liability, or one-fourth
File Form M11T with all required attach-
Note: If no amount is due or if you pay elec-
of 80 percent of the current year’s total an-
ments and pay any tax due by March 1.
nual tax liability.
tronically, do not send in Form PV42.
Payment extensions are not allowed.
Estimated payments are due quarterly on
Completing Form M11T
The U.S. postmark date, or date recorded or
March 15, June 15, Sept. 15 and Dec. 15.
marked by a designated delivery service, is
When the due date falls on a weekend or
Check Boxes
considered the filing date (private postage
legal holiday, payments made electronically
At the top of the form, check if the return is:
meter marks are not valid). When the due
or postmarked on the next business day are
date falls on a Saturday, Sunday or legal
• an Amended Return: Check only if you
considered timely.
holiday, returns and payments electroni-
are amending a previously filed return
If you are not required to pay electronically
cally made or postmarked the next business
for the same period. Include all original
and you choose to pay by check, you must
day are considered timely. When a return
and corrected premiums on the amended
mail a personalized M19 payment voucher
or payment is late, the date it is received at
return.
along with your estimated tax payment to
the Department of Revenue is treated as the
• for No Activity: Check only if you did not
help ensure the payment is credited cor-
date filed or paid.
have any tax activity during the year.
rectly. Download the M19 voucher from our
Extension for Filing Return. If good cause
website, type in the required information
exists, you may request a filing extension.
Line Instructions
while the form is on the screen and print
a copy. A personalized scan line will be
Round amounts to the nearest dollar. De-
Payments
printed on the bottom of the voucher using
crease any amount less than 50 cents and in-
the information you entered.
crease any amount that is 50 cents or more
Electronic Payments
to the next higher dollar.
If your total insurance taxes and surcharges
When you pay by check, your check autho-
for the last 12-month period ending June 30
rizes us to make a one-time electronic fund
is $10,000 or more, you are required to pay
transfer from your account, and you may
your tax electronically.
not receive your canceled check.
If you make your payments electronically,
do not send in the M19 vouchers.
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Continued
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