Instructions For Form M2 - Minnesota Income Tax For Estates And Trusts (Fiduciary) - 2015 Page 3
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13General Information
(continued)
Other penalties. There are also civil and
If you are paying composite income tax for
criminal penalties for intentionally failing to
your electing beneficiaries, check the box
file a Minnesota return, evading tax and for
for composite income tax on the front of
filing a false, fraudulent or frivolous return.
Form M2 and see the line 13 instructions
[M.S. 289A.60 and 289A.63]
on page 5.
Request for Early Audit
Reporting Federal
You may request an early audit of the return
Changes
of a decedent, estate, termi nating trust, or
other fiduciary entity on Form M22, Request
If the Internal Revenue Service (IRS) chang-
for Early Audit of Minnesota Income Tax
es or audits your federal return and it affects
Return. Filing Form M22 reduces the time
your Minnesota return or distributions to
limit the department has to assess any ad-
beneficiaries, you must file a Form M2X,
ditional taxes from 3½ years after you file an
Amended Income Tax Return for Estates and
income tax return to 18 months.
Trusts, with the department within 180 days
after you were notified by the IRS.
Use of Information
To file an amended return, use Form M2X.
Your Minnesota tax ID number is public
Enclose a copy of the IRS report or your
information. All other information on this
amended federal return with your amended
form is private, and cannot be given to
Minnesota return.
others except as provided by state law. The
identity and income information of the
If the changes do not affect your Minnesota
beneficiaries are required under state law so
return or Schedules K-1, you have 180 days
the department can determine the benefi-
to send a letter of explanation to the de-
ciary’s correct Minnesota taxable income
partment. Send your letter and a complete
FOR ADDITIONAL INFORMATION
ALIGN
and verify if the beneficiary has filed a
copy of your amended federal return or the
PLEASE CONTACT THE USPS
WITH
REPRESENTATIVE BELOW:
return and paid the tax. The Social Security
correction notice to: Minnesota Fidu ciary
UPPER
numbers of the beneficiaries are required
Income Tax, Mail Station 5140, St. Paul, MN
RIGHT
Robert Edwards MCS
under M.S. 289A.12, subd. 13.
55146-5140.
CORNER
Mailing Requirements
United States Postal Service
If you fail to report as required, a 10 percent
100 S 1st St Rm 115
penalty will be assessed on any additional
TO BE USED ONLY WITH FIM - A (Courtesy Reply Mail)
Minneapolis MN 55401-9651
When Filing a Paper Return
tax. [M.S. 289A.60, subd. 24]
AND ZIP CODE:
55145-1310
PHONE: 612 349 0363
Filing Reminders
FAX:
612 349 3576
How to Assemble
Where to Send
EMAIL: BEDWARD1@EMAIL.USPS.GOV
Composite Income Tax
Arrange your Minnesota schedules in the
Mail your completed Minnesota and fed-
CAUTION:
order they were completed and place them
eral forms and schedules, using the mailing
Minnesota allows estates and trusts to file
USE ONLY FOR ADDRESS BEARING THE ZIP+4 CODE
behind your Form M2. Then place your
label below. Cut on the dotted line and tape
composite Minnesota income tax on behalf
ABOVE. SEE PUBLICATION 353 FOR PRINTING
federal return and its schedules behind the
REQUIREMENTS.
to your envelope.
of their beneficiaries who are nonresident
Minnesota material.
individuals and who elect to be included.
Or mail your forms to:
As a result, the electing beneficiary is not
ALIGN
Minnesota Revenue
required to file Form M1, Minnesota Indi-
WITH
Fiduciary Income Tax
vidual Income Tax Return.
LOWER
Mail Station 1310
RIGHT
The electing individuals must not have any
St. Paul, MN 55145-1310.
CORNER
Minnesota source income other than the
income from this trust or estate and other
Fiduciary Income Tax
St. Paul, Minnesota 55145-1310
entities electing composite filing.
THIS POSITIVE PREPARED FOR:
COURTESY REPLY
MINNESOTA DEPARTMENT OF REVENUE
FIDUCIARY INCOME TAX
600 ROBERT ST N
ST PAUL MN 55145-1310
(c) 1989-95 Envelope Manager for Windows: October 23, 2001
9:33 AM
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