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Form M4NP

• If line 1 is a gain and the subtractions

There is no penalty if at least 90 percent

Complete Schedule M4NPI and any other

applicable schedules before completing Form

reported on line 2 are less than line 1,

of your total tax is paid by the regular due

M4NP. You must include these schedules with

subtract line 2 from line 1. Enter the result

date, and any remaining balance is paid by

your return.

on line 3.

the extended due date. You must calculate

interest, however, on the remaining balance.

Completing Your Return

• If line 1 is a gain and the subtractions

reported on line 2 are greater than line 1,

Other penalties. If you understate your

•

If you’re filing for a fiscal year, be sure

enter zero on line 3.

tax by more than 10 percent or $10,000,

to enter the beginning and ending dates

whichever is more, the penalty is 20 percent

• If line 1 is a (loss), enter the amount from

of the year at the top of Form M4NP. If

line 1 on line 3.

of the underpayment.

you’re filing a short-taxable year return,

you must include the short-year end date.

If you intentionally do not file a return to

Line 8

• Round amounts to whole dollars. Drop

evade paying tax, or if you file a false or

Proxy Tax (990-T Filers Only)

amounts less than 50 cents and increase

fraudulent return, the penalty is 50 percent

If you lobby Minnesota state and/or local

amounts 50 cents or more to the next

of the tax due.

government and pay proxy tax to the IRS,

higher dollar.

you’re subject to Minnesota proxy tax on the

If you’re negligent or intentionally disre-

amount attributable to Minnesota.

gard the law or rules (but without intent to

Amended Return

defraud), the penalty is 10 percent of any

If you’re filing an amended return to report

Multiply 9.8 percent (0.098) by the amount

additional tax assessed.

changes to your Minnesota liability, check

attributable to Minnesota that is included

the “Amended return” box near the top of

in the amount subject to federal proxy tax.

If you do not file a return within 30 days

your amended return (use Form M4NP for

Enter the result on line 8.

of a written demand from the department,

year 2017 and later; use Form M4NPX for

a penalty of 5 percent of the tax, or $100,

Line 12

year 2016 and earlier). If you amend your

whichever is greater is added to the tax.

federal return, you must also file a copy

Minnesota Nongame Wildlife Fund

Late filing. If you file after the extended due

with us within 180 days (see Amending

You can help preserve Minnesota’s rare and

date and owe tax, you must pay an additional

Your Return on page 2.)

endangered animals and plants by donating

penalty for filing late. The late-filing penalty

to this fund. Your donation will decrease

Final Return

is 5 percent of the unpaid tax on line 19.

your refund or increase your balance due.

If this is your final return, check the “Final

Balance not paid. An additional penalty

For more information about the fund, go to

return” box in the top part of the return and

of 5 percent of the unpaid tax is due if the

the Minnesota Department of Natural Re-

enter your close date.

return is filed after the regular due date with

sources website at

a balance due, and that balance is not paid at

Attach an explanation and a copy of merger

Line 15

the time of filing.

papers, dissolution date and distribution

Amount Credited from Your 2016 Return

papers.

Payment method. If you’re required to

If your 2016 return showed an overpayment

pay electronically and do not, an additional

NAICS Codes

that was to be credited to your 2016 esti-

5 percent penalty applies to payments not

mated tax, enter that amount on line 15.

Enter the six-digit NAICS codes that best

made electronically, even if a paper check

describe your business activities (enter at

is sent on time.

Line 16

least one). If you file federal Form 990-T,

2017 Estimated Tax Payments

Understatement of tax. If you under-

use the same codes that are reported on that

Enter the total estimated tax payments made

form.

state your tax by more than 10 percent or

for the year.

$10,000, whichever is more, the penalty is

If you do not know your NAICS codes, go

20 percent of the underpayment.

Line 17

Intentional evasion of tax. If you inten-

html. Search the most recent NAICS list.

2017 Extension Payment

Enter any payment made by the regular due

tionally do not file a return to evade paying

Line Instructions

tax, or if you file a false or fraudulent

date of your return.

return, the penalty is 50 percent of the tax

Federal Taxable Income Before Minnesota

Lines 20 and 21

due.

Subtractions

Penalty and Interest

If you’re filing

Enter amount

Negligent or intentional disregard. If

Penalties are collected in addition to any

federal Form:

from line:

you’re negligent or intentionally disre-

additional charge for underpaying tax.

gard the law or rules (but without intent to

990-T

Line 20

defraud), the penalty is 10 percent of any

1120-C

Penalties

additional tax assessed.

1120-H

To determine the amount of penalties you

1120-POL

Extended delinquency. If you do not file

owe, use the following penalty descriptions

a return within 30 days of a written demand

to complete the worksheet on page 4. Attach

Line 3

from the department, a penalty of 5 percent

a copy of the worksheet to your return.

Federal Taxable Income or (Loss) after

of the tax, or $100, whichever is greater is

Late payment. A penalty is due if you do

Subtractions

added to the tax.

Total

subtractions (line 2 of

Form M4NP)

not pay at least 90 percent of your total tax

by the regular due date. The penalty is 6 per-

cannot be used to create or increase a loss

cent of the unpaid tax on line 19.

Continued

on line 3.

Minnesota Unrelated Business Income Tax (Ubit) Instructions - Minnesota Department Of Revenue - 2017 Page 3

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