Form M8x - Minnesota Amended S Corporation Return/claim For Refund - 2014 Page 3
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4Form M8X Instructions
Before you can complete Form M8X, you will need the M8 instructions for the year you are amending
.
Who Should File M8X?
original return was incorrect. Providing this
If the changes you are making affect the
information will help us verify the amended
amounts on a schedule, you must complete
This form must be filed by S corporations to
amounts.
and enclose a corrected schedule.
correct—or amend—an original Minnesota
Form M8, S Corporation Return. You must
Estimated payments and refunds credited
If you do not enter an amount when there
also use Form M8X to amend prior year
to subsequent years cannot be amended or
is a change, the processing of your amended
returns.
changed after the original return is filed.
return will be delayed. You must also
explain each change in detail in the space
Federal Return Adjustments. If the Inter-
Form AWC, Alternative Withholding Cer-
on the back of Form M8X and enclose any
nal Revenue Service (IRS) changes or audits
tificate, can only be filed with the original
related schedules or forms.
your federal return or you amend your
return. Any Forms AWC received after the
federal return, you have 180 days to file an
filing of the original return will be denied.
If you are not making a change for a given
amended Minnesota return. If you are filing
line, leave column B blank.
Apportionment Factors. If the changes af-
Form M8X based on an IRS adjustment, be
fect your sales, property and payroll within
Column C: Enter the corrected amounts af-
sure to check the box in the heading and
Minnesota, you must complete and attach
ter the increases or decreases. If there are no
attach to your Form M8X a complete copy
M8A. Be sure to use the correct apportion-
changes, enter the amount from column A.
of your amended federal return or the cor-
ment factors for the year you are amending.
rection notice you received from the IRS.
Line 11
Below is a list of apportionment factors for
If you fail to report as required, a 10 percent
Enter the total of the following tax amounts,
each tax year:
penalty will be assessed on any additional
whether or not paid:
Sales
Property
Payroll
tax. See line 17 instructions.
• amount from line 14 of your original M8;
Tax year
Factor
Factor
Factor
• any additional tax due from a previously
Claim for Refund. Use Form M8X to make
2014 & later . . 100 . . . . . 0 . . . . . . . . 0
filed M8X, (either line 15 or 16 depend-
a claim for refund and report changes to
2013 . . . . . . . . . 96 . . . . . 2 . . . . . . . . 2
ing on the year); and
your Minnesota liability. If you make a
2012 . . . . . . . . . 93 . . . . . 3.5 . . . . . . 3.5
claim for a refund and we do not act on it
• additional tax due as the result of an audit
2011 . . . . . . . . . 90 . . . . . 5 . . . . . . . . 5
within six months of the date filed, you may
or notice of change.
2010 . . . . . . . . . 87 . . . . . 6.5 . . . . . . 6.5
bring an action in the district court or the
Do not include any amounts that were paid
2009 . . . . . . . . . 84 . . . . . 8 . . . . . . . . 8
tax court.
for penalty, interest or underpayment of
2008 . . . . . . . . . 81 . . . . . 9.5 . . . . . . 9.5
estimated tax.
2007 . . . . . . . . . 78 . . . . 11 . . . . . . . 11
When to File
2006 & prior . . 75 . . . . 12.5 . . . . . 12.5
Line 13
File Form M8X only after you have
Enter the total of the following refund
filed your original return. You may file
Use of Information
amounts:
Form M8X within 3½ years after the return
All information provided on this form is
was due or within one year from the date
private, except for your Minnesota tax ID
• from line 19 of your original M8, even if
of an order assessing tax, whichever is later.
number, which is public. Private informa-
you have not yet received it;
If you filed your original return under an
tion cannot be given to others except as
• any refund amount from a previously
extension by the extended due date, you
provided by state law.
filed form M8X, (either line 20 or 21
have up to 3½ years from the extended due
The identity and income information of the
depending on the year); and
date to file the amended return.
shareholders are required under state law
• refund or reduction in tax from a protest
so the department can determine the share-
or other type of audit adjustment.
Filing Reminders
holder’s correct Minnesota taxable income
Include any amount that was credited to
and verify if the shareholder has filed a
The amended return must be signed by a
estimated tax, applied to pay past due taxes
return and paid the tax. The Social Security
principal officer of the corporation.
or donated to the Minnesota Nongame
number of the shareholders are required
If you pay someone to prepare your
Wildlife Fund.
to be reported on Schedule KS under M.S.
return, the preparer must sign and enter his
289A.12, subd. 13.
Do not include any interest that may have
or her PTIN number and daytime phone.
been included in the refunds you received.
Lines 1–10,
Round amounts to the nearest dollar.
Lines 15 and 20
Decrease any amount less than 50 cents
Columns A, B and C
and increase any amount that is 50 cents or
Lines 15 and 20 should reflect the changes to
Column A: Enter the amounts shown on
more to the next higher dollar.
your tax and/or credits as reported on lines 1
your original return or as later adjusted by
through 11 of Form M8X. If you have unpaid
an amended return or audit report.
Completing the Form
taxes on your original Form M8, Form M8X
Column B: Enter the dollar amount of each
is not intended to show your corrected bal-
Enter the tax year you are amending at the
change as an increase or decrease for each
ance due.
top of the form. On the back of Form M8X,
line you are changing. Show all decreases in
include a detailed explanation of why the
parentheses.
Continued
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