Form M11t - Insurance Premium Tax Return And Firetown Report For Township Mutual - 2017 Page 2
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42017 Insurance Premium Tax Return and Firetown Report for Township
Mutual Instructions
For insurance tax laws, see Minnesota Statutes, Chapter 297I at
Before You File
You must also pay electronically if you’re
If you do not pay the correct amount of
required to pay any Minnesota business tax
estimated tax by the due dates and your tax
You Need a Minnesota Tax ID
electronically, such as sales or withholding
liability is more than $500, you may have to
Your Minnesota tax ID is the seven-digit
tax.
pay an additional charge for underpaying.
number you’re assigned when you register
Complete the worksheet on page 3.
To pay electronically, go to the depart-
with the Department of Revenue. You must
ment’s website at
Overpayments from prior years or prior
include your Minnesota tax ID on your
mn.us and log in to e-Services. If you do
estimated overpayments should be applied
return so that your filing and any payments
not have Internet access, call 1-800-570-
before underpayment charges are figured.
you make are properly credited to your
3329 to pay by phone. You’ll need your
account.
Return Payment
user name, password and bank routing and
If there is an amount due on Form M11T,
If you do not have a Minnesota tax ID, ap-
account numbers. When paying electroni-
either pay it electronically or by check.
ply online at mn.us or
cally, you must use an account not associ-
call 651-282-5225 or 1-800-657-3605.
ated with any foreign banks.
Visit our website at
mn.us and click on “Make a Payment” and
It is also important to enter your federal ID
If you use other electronic payment
then “By check” to create a voucher. Print
number and NAIC number on your return,
methods, such as ACH credit method or
and mail the voucher with a check made
but not in place of your Minnesota tax ID
Fed Wire, instructions are available on our
payable to Minnesota Revenue.
number.
website or by calling Business Registration
Office at 651-282-5225 or 1-800-657-3605.
When you pay by check, your check autho-
Filing Requirements
rizes us to make a one-time electronic fund
Estimated Tax Payments
All Minnesota township mutual insur-
transfer from your account, and you may
If your estimated premium tax is more than
ance companies must file Form M11T, a
not receive your canceled check.
$500, you must make estimated payments
combined premium tax return and firetown
Note: If no amount is due or if you pay
based on the entire estimated amount. To
premium report.
electronically, do not send in a voucher.
avoid an additional charge for underpaying
(M.S. 297I.05, subd. 2)
the tax, your payments must be made on
Completing Form M11T
time and be at least one-fourth of the prior
Due Date
year’s total annual tax liability, or one-
File Form M11T with all required attach-
Check Boxes
fourth of 80 percent of the current year’s
ments and pay any tax due by March 1.
At the top of the form, check if the return
total annual tax liability.
Payment extensions are not allowed.
is:
Estimated payments are due quarterly on
The U.S. postmark date, or date recorded or
• an Amended Return: Check only if you
March 15, June 15, Sept. 15 and Dec. 15.
marked by a designated delivery service, is
are amending a previously filed return
When the due date falls on a weekend or
considered the filing date (private postage
for the same period. Include all original
legal holiday, payments made electronically
meter marks are not valid). When the due
and corrected premiums on the amended
or postmarked on the next business day are
date falls on a Saturday, Sunday or legal
return.
considered timely.
holiday, returns and payments electroni-
• a No Activity Return: Check only if you
cally made or postmarked the next business
Check Payments
did not have any tax activity during the
day are considered timely. When a return
If you’re not required to pay electronically
year.
or payment is late, the date it is received at
and are paying by check, visit our website
the Department of Revenue is treated as the
at mn.us and click on
Line Instructions
date filed or paid.
“Make a Payment” and then “By check” to
Round amounts to the nearest dollar.
create a voucher. Print and mail the voucher
Extension for Filing Return. If good cause
Decrease any amount less than 50 cents
with a check made payable to Minnesota
exists, you may request a filing extension.
and increase any amount that is 50 cents or
Revenue.
more to the next higher dollar.
Payments
When you pay by check, your check autho-
Line 4
rizes us to make a one-time electronic fund
Electronic Payments
Historic Structure Rehabilitation Credit
transfer from your account, and you may
If your total insurance taxes and surcharges
A refundable credit is available to taxpay-
not receive your cancelled check.
for the last 12-month period ending June
ers who are eligible for the Federal Historic
30 is $10,000 or more, you are required to
If you make your payments electronically,
Rehabilitation Credit for improving a certi-
pay your tax electronically in all subsequent
do not send in the voucher.
fied historic structure located in Minnesota.
years.
The credit is equal to 100 percent of the
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