Form M8x - Minnesota Amended S Corporation Return/claim For Refund - 2014 Page 4
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4Form M8X Instructions
(continued)
Line 15
Line 20
Email Address
If you want your refund to be directly de-
If line 14 is a negative amount, treat it as a
If the department has questions regarding
posited into your bank account, complete
positive amount and add it to line 7C. Enter
your return and you want to receive corre-
line 21. Your bank statement will indicate
the result on line 15. This is the amount
spondence electronically, indicate the email
when your refund was deposited to your
you owe, which is due when you file your
address below your signature. Check a box
account. Otherwise, skip line 21 and your
amended return. You cannot use any funds
to indicate if the email address belongs to
refund will be sent to you in the mail.
in your estimated tax account to pay this
an employee of the S corporation, the paid
amount. Continue with line 16.
preparer or other contact person.
This refund cannot be applied to your esti-
mated tax account.
By providing an email address, you are
Line 16
authorizing the department to correspond
If only one of the penalties below applies,
Line 21
with you or the designated person over the
you must multiply line 15 by 10 percent
If you want your refund to be directly
Internet and you understand that the en-
(.10). If both penalties apply, multiply line
deposited into your checking or savings
tity’s nonpublic tax data may be transmitted
15 by 20 percent (.20). Enter the result on
account, enter the routing and account
over the Internet.
line 16.
numbers. You must use an account not as-
sociated with any foreign banks.
You also accept the risk that the data may
• The IRS assessed a penalty for negli-
gence or disregard of rules or regula-
be accessed by someone other than the
The routing number must have nine digits.
tions; and/or
intended recipient. The department is not
The account number may contain up to 17
liable for any damages that the entity may
• You failed to report federal changes
digits (both numbers and letters). Enter the
incur as a result of an interception.
to the department within 180 days as
number and leave out any hyphens, spaces
required.
and symbols.
Information and Assistance
Line 18
Website:
If the routing or account number is incor-
Interest is calculated as simple interest and
rect or is not accepted by your financial
Email:
BusinessIncome.Tax@state.mn.us
accrues on unpaid tax and penalties from
institution, your refund will be sent to you
Phone: 651-556-3075
the regular due date until it is paid in full.
in the form of a paper check.
Use the formula below with the appropriate
We’ll provide information in other formats
interest rate:
You can find your bank’s routing number and
upon request.
account number on the bottom of your check .
Interest = line 17 x number of days past
the due date x interest rate ÷ 365
If the days fall in more than one calendar
year, you must determine the number of
By completing line 21, you are authorizing
days separately for each year.
the department and your financial institu-
tion to initiate electronic credit entries, and
The interest rates for recent years are:
if necessary, debit entries and adjustments
2014
3%
2004-05 4%
1999 8%
for any credits made in error.
2010-13 3%
2003
5%
1998 9%
2009
5%
2002
7%
1997 8%
Signature
2007-08 8%
2001
9%
1996 9%
The return must be signed by the princi-
2006
6%
2000
8%
1995 7%
pal officer of the organization receiving,
controlling or managing the income of the
Penalty will be assessed if the additional tax
S corporation. The person must also include
and interest are not paid with the amended
his or her ID number.
return.
If someone other than the principal officer
Line 19
prepared the return, the preparer must also
Pay Electronically. To pay electronically, go
sign. The preparer’s PTIN and phone num-
to and log in to
ber should also be included.
e-Services. If you don’t have Internet access,
You may check the box in the signature area
call 1-800-570-3329 to pay by phone.
to give us your permission to discuss your
Pay by Check. If you’re not required to pay
return with the paid preparer. This autho-
electronically and are paying by check, visit
rization remains in effect until you notify
our website at
the department in writing (either by mail or
and click on “Make a Payment” and then
fax) that the authorization is revoked.
“By check” to create a voucher. Print and
Checking the box does not give your pre-
mail the voucher with a check made payable
parer the authority to sign any tax docu-
to Minnesota Revenue.
ments on your behalf or to represent you at
When you pay by check, your check autho-
any audit or appeals conference. For these
rizes us to make a one-time electronic fund
types of authorities, you must file a power of
transfer from your account. You may not
attorney, Form REV184.
receive your canceled check.
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