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General Information

(continued)

Payments

Payment Options

There are four types of payments for

Unrelated Business Income Tax — tax

If your tax liability for the last 12-month period ending June 30 is $10,000 or more, or if you’re

return, extension, estimated tax and

required to pay any Minnesota business tax electronically, you must pay all state taxes elec-

amended return payments. You can pay

tronically. A 5 percent penalty will be assessed if you fail to do so when required.

electronically, by credit card or by check.

(See Payment Options on this page.)

Pay Electronically

• Go to and log in, or

Note: If you’re currently paying elec-

• Call 1-800-570-3329 to pay by phone.

tronically using the ACH credit method,

continue to call your bank as usual. If you

To be timely, you must complete your transaction and receive a confirmation number on

wish to make payments using the ACH

or before the due date for that payment. You can cancel a payment up to one business

credit method, instructions are available at

day before the scheduled date, if needed. When paying electronically, you must use an

account not associated with any foreign banks.

Extension Payment

If you’re using the system for the first time and need a temporary password, call

651-282-5225 or 1-800-657-3605.

Your tax is due by the regular due date,

even if you’re filing under an extension.

Pay by Credit or Debit Card

Any tax not paid by the regular due date

For a fee, you can use your credit or debit card to make a payment through

Value Payment

is subject to penalties and interest (see

Systems, a national company that partners with federal, state and

local governments to

instructions for lines 20 and 21 on pages 3

provide credit and debit card payment services.

and 4).

To do so:

If you’re filing after the regular due date,

• Go to payMNtax.com; or

make an extension payment by the regular

• Call 1-855-9-IPAY-MN to pay by phone.

due date to avoid penalties and interest (see

Payment Options on this page).

The Department of Revenue does not have any financial agreement

with Value

Payment Systems and does not receive any of its fees.

Estimated Payments

Pay by Check

If your estimated unrelated business income

If you’re not required to pay electronically and you choose to pay by check, you must send

tax is more than $500, you must make

your check with a personalized payment voucher. Visit our website at

quarterly payments based on the entire

state.mn.us and click on “Make a Payment” and then “By check” to create a voucher. Print

estimated amount (see Payment Options on

and mail the voucher with a check made payable to Minnesota Revenue.

this page). Payments are due the 15th day

of the third, sixth, ninth and 12th months of

Your check authorizes us to make a one-time electronic fund transfer from your

the tax year. For additional information, see

account. You may not receive your cancelled check.

Estimated Tax Instructions for Unrelated

Business Income Tax.

Tax Return Payment

Complete an amended return if your tax

Failing to report federal tax changes within

If there is an amount due on line 26 of

liability has changed due to a change in the

180 days increases the period of time dur-

Form M4NP, you must make a tax return

ing which we may make adjustments to

Net Operating Loss calculation.

payment (see Payment Options on this

your Minnesota return.

page).

You must report any change or correction

Mail your amended M4NP, M4NPX, or

There is no penalty if at least 90 percent of

made by the IRS to your federal return

letter explaining the changes to your federal

your tax liability is paid by the regular due

within 180 days of the final determina-

income tax to: Minnesota Revenue, Mail

date (see lines 20 and 21 on pages 3 and 4).

tion. If you agree with the changes, file

Station 1257, St. Paul MN 55146-1257. Do

an amended M4NP. If you do not agree,

Amended Return Payment

not send these with your current tax return.

send us a letter explaining why the federal

If there is an amount due on line 26 of

changes are incorrect or why they do not

Accounting Period

your amended return, you must make an

change your Minnesota tax. Include a com-

amended return payment (see Payment Op-

You must use the same accounting period

plete copy of your amended federal return

tions above).

for Minnesota as you use for reporting your

or correction notice.

net income under the IRC. If you change

Amending Your Return

If you do not report the federal changes in

your federal accounting period, attach a

Use Form M4NP if you are amending a

the manner or time required, you’re subject

copy of federal Form 1128, Application to

return for 2017 or later. Use form

to a penalty equal to 10 percent of any ad-

Adopt, Change or Retain a Tax Year, to

M4NPX for year 2016 or earlier. Check the

ditional tax due. If you amend your federal

your short-period Minnesota return.

“Amended return” box in the top part of the

tax return, you must also file a copy with us

return.

within 180 days.

Minnesota Unrelated Business Income Tax (Ubit) Instructions - Minnesota Department Of Revenue - 2017 Page 2

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