Worksheet To Determine Estimated Tax Payments - Minnesota Department Of Revenue


Insurance Premium Estimated Tax Instructions
For property, casualty and title insurance companies filing Form M11, for life insurance companies filing M11L and for
township mutual insurance companies filing Form M11T (M.S. 297I.05, subd. 1-4)
Filing Requirements
Worksheet Instructions
name, password and bank routing and ac-
count numbers. When paying electronically,
You must make estimated tax payments if
Step 2
you must use an account not associated with
you estimate your Minnesota insurance pre-
If you choose to pay the estimated tax in
any foreign banks.
mium tax (as reported on Form M11, M11L
full, enter the amount from step 1 on step 2,
or M11T) to be more than $500 this year.
If you use other electronic payment methods,
Column A. Otherwise, divide step 1 by four,
such as ACH credit method or Fed Wire,
and enter the result in Columns A, B, C and
Required Annual Payment. To avoid
instructions are available on our website or
penalties and interest, your required annual
by calling Business Registration Office at
payment of estimated tax must equal 100
Step 3
651-282-5225 or 1-800-657-3605.
percent of last year’s tax liability or 80
If you elected to have all or a portion of your
percent of the actual tax due for the current
Check Payment
previous year’s refund applied as a credit
year, whichever is less. If you did not have
If you’re not required to pay electronically
to your estimated tax, enter the amount in
an insurance premium tax liability last year,
and are paying by check, visit our website
Column A.
you are not required to pay estimated tax
at and click on
for the current year.
If step 3 is more than step 2 for any quarter,
“Make a Payment” and then “By check” to
include the difference as an overpayment
To determine your estimated tax payment
create a voucher. Print and mail the voucher
credit in step 3 of the next quarter’s column.
amounts, complete the worksheet below.
with your check payable to Minnesota Rev-
Any overpayment credit resulting from the
Due Dates. Payments are due quarterly
fourth installment will be refunded when
on March 15, June 15, Sept. 15 and Dec.
When you pay by check, your check autho-
you file Form M11, M11L or M11T.
15. When the due date falls on a Saturday,
rizes us to make a one-time electronic fund
Sunday or legal holiday, payments elec-
transfer from your account. You may not
tronically made or postmarked on the next
receive your cancelled check. Do not send a
Electronic Payments
business day are considered timely.
payment voucher if you pay electronically or
If your total insurance taxes and surcharges
no amount is due.
No billings or reminders will be sent.
due for the last 12-month period ending
Note: Express deliveries only should be
June 30 is $10,000 or more, you are required
Underpaying Installments. If you un-
addressed to Minnesota Revenue, Insurance
to pay your tax electronically in all subse-
derpay any installment or did not pay by
Taxes Section, 600 North Robert Street,
quent years.
the due dates, an additional charge will be
St. Paul, MN 55101.
added to your tax at a specified percentage
You must also pay electronically if you’re
per year for the period of underpayment.
required to pay any Minnesota business tax
Information and Assistance
electronically, such as sales or withholding
Before You Can Make a Payment. To
ensure your payment is processed correctly,
you must have a Minnesota tax ID num-
To pay electronically, go to the department’s
ber. To register, go to
website at and
This material is available in alternate formats. or call 651-282-5225 or 1-800-657-
log in to e-Services. If you do not have
Internet access, you can pay by phone at
1-800-570-3329. You’ll need your user
Worksheet to Determine Estimated Tax Payments:
1 Required annual payment. Enter 100 percent of your total annual tax liability from last
year or 80 percent of your current year’s total annual tax liability, whichever is less . . . . . . . . . . . . . . . . . . . . . . . . . . 1
Due Dates:
March 15
June 15
Sept . 15
Dec . 15
2 Estimated tax payments (divide step 1 by four) . . . . 2
3 Overpayment credit, if any . . . . . . . . . . . . . . . . . . . . 3
4 Estimated payments due each quarter
(subtract step 3 from step 2) . . . . . . . . . . . . . . . . . . 4
5 Date paid . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 5
6 Check or confirmation number . . . . . . . . . . . . . . . . 6
(Rev . 7/17)


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