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Form M4NP

(continued)

Signatures

You should also be aware of the following:

Assembling Your Paper

It’s a gross misdemeanor to knowingly not

The return must be signed by a person

Return and Attachments

file a return or pay a tax when required. If

designated by the organization. Include the

you willfully attempt to evade or defeat a

person’s title and daytime phone.

If you’re filing a paper return, organize

tax or tax law, the action becomes a felony.

your Form M4NP and schedules (when

Preparer information. If you pay someone

It’s a felony to knowingly file a false or

required) in the following order:

to prepare your return, the preparer must

fraudulent return; or to knowingly help

sign the return, and also fill in his or her

1 Form M4NP, including page 2 if it is

someone prepare, or advise someone on

PTIN and daytime phone number.

not printed on the back of your Form

how to prepare, a false or fraudulent return.

M4NP,

To authorize the department to discuss the

Line 21

2 Schedules M4NPI, M4NPA and

return with the preparer, check the authori-

Interest

M15NP according to the attachment

zation box.

You must pay interest on the unpaid tax

numbers in the top right corners.

This authorization remains in effect until

plus penalty from the regular due date until

3 Schedule ETP.

you notify the department in writing (either

the total is paid. Complete the worksheet on

by mail or fax) that the authorization is

Attach any additional information

this page to determine line 21.

requested and a complete copy of your

revoked.

The interest rate for calendar year 2018 is 4

2017 federal return filed with the IRS,

Email correspondence. If the department

percent. Check our website to determine the

including the Net Operting Loss (NOL)

has questions regarding your return and you

interest rate for other years.

and all supporting schedules. Your Min-

want to receive correspondence by email,

nesota tax return will not be considered

Line 22

or have your preparer receive it by email,

complete unless all required federal

enter the email address and check if it

Additional Charge for Underpayment of

returns are attached.

belongs to an employee of the organization

Estimated Tax

or the preparer.

If you did not pay the correct amount of es-

timated tax by the due dates, you may have

You also accept the risk that the data may

By providing an email address, you’re

to pay an additional charge for underpay-

be accessed by someone other than the

authorizing the department to correspond

ment of estimated tax.

intended recipient. The department is not li-

with you or the designated person over

able for any damages the organization may

the internet, and you understand that the

If your 2017 tax on Form

M4NP, line 11,

incur as a result of an interception.

organization’s nonpublic tax data may be

less any refundable credits on line 14, is

transmitted over the internet.

more than $500, use Schedule M15NP, Ad-

ditional Charge for Underpayment of Esti-

mated Tax, to

figure the additional charge or

to show that you qualify for an exception.

Worksheet to Determine Lines 20 and 21

Attach Schedule M15NP to your return.

If you’re paying your tax after the regular due date, you must include appropriate penalties and interest

with your payment. Complete the worksheet below using the instructions for lines 20 and 21 beginning

Line 29

on page 3. Attach a copy of this worksheet to your return.

If you want your refund to be directly

deposited into your checking or savings

1 Tax not paid by the regular filing due date . . . . . . . . . . . . . . . . . . . . . . . . . .

account, enter the routing and account

2 Late payment penalty*. Multiply step 1 by 6% (.06) . . . . . . . . . . . . . . . . . .

numbers.

3 Late filing penalty. If you’re filing your return after the

The routing number must have nine digits.

extended due date, multiply step 1 by 5% (.05) . . . . . . . . . . . . . . . . . . . . .

4 Extended delinquency. If your return is filed after the regular

You can find your bank’s routing number and

due date with a balance due, multiply step 1 by 5% (.05),

account number on the bottom of your check.

or $100, whichever is greater . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

5 Electronic payment. If you’re required to pay electronically

and you do not, multiply your payment amount by 5% (.05) . . . . . . . . . . .

The account number may contain up to 17

6 Penalties. Add steps 2 through 5, and enter

digits (both numbers and letters). Enter the

the result here and on Form M4NP, line 20 . . . . . . . . . . . . . . . . . . . . . . . . .

number and leave out any hyphens, spaces

7 Number of days the tax is late** . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

and symbols.

8 Enter the applicable interest rate.

If the routing or account number is incor-

For 2017, the rate is 4% (.04) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

rect or is not accepted by your financial

9 Multiply step 7 by step 8 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

institution, your refund will be sent to you

10 Divide step 9 by 365 (carry to five decimal places) . . . . . . . . . . . . . . . . . . .

in the form of a paper check.

11 Interest. Multiply the sum of steps 1 and 6 by step 10.

By completing the banking information on

Enter the result here and on Form M4NP, line 21 . . . . . . . . . . . . . . . . . . . .

line 29, you’re authorizing the department

* If you paid at least 90 percent of your total tax by the regular due date and any remaining balance by

and your financial institution to initiate

the extended due date, you will not be charged a late payment penalty.

electronic credit entries, and if necessary,

** If the days fall in more than one calendar year, determine steps 7–11 separately for each year.

debit entries and adjustments for any credits

made in error.

Minnesota Unrelated Business Income Tax (Ubit) Instructions - Minnesota Department Of Revenue - 2017 Page 4

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