Form M4x - Amended Franchise Tax Return/claim For Refund - 2015 Page 6
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72015 Form M4X Instructions
For additional information, refer to the 2015 forms and instructions .
Federal Return Adjustments
Use of Information
Lines 7–26
Refer to the 2015 Corporation Franchise Tax
All information provided on this form is
If you amend your federal tax return or if
private, except for your Minnesota tax ID
Return (Form M4) instructions for details.
the Internal Revenue Service (IRS) makes
number, which is public. Private informa‑
an adjustment to your federal return, you
Lines 7, 8, 9, 23, 24, 25, and 26. If you are
tion cannot be given to others except as
must notify us within 180 days. Failure to
changing any amounts on lines 9, 23, 24
provided by state law.
report federal changes on an amended re‑
and/or 25, 26, you must attach a corrected
turn, Form M4X, within 180 days will result
Lines 1-27,
copy of the appropriate schedule.
in a penalty of 10 percent of any additional
Columns A, B and C
Lines 15, 16 and 21. Changes to your regu‑
tax due. See line 34 instructions.
Column A: Enter the amounts shown on
lar franchise tax on line 12 and/or alterna‑
your original return or as later adjusted
Attach a copy of your amended federal
tive minimum tax on line 13 may also affect
by an amended return or audit report (see
return or notice of adjustment to your
the amount you are able to claim of any
Where to Find Amounts From 2015 Return
Form M4X.
credits against tax (alternative minimum tax
below).
credit, research credit and employer transit
Refunds
pass credit).
Column B: For each line you are changing,
Use the 2015 Form M4X to make a claim for
enter the dollar amount of each change as
Line 28
refund and report changes to your Minne‑
an increase or decrease. Show all decreases
sota liability for tax year 2015. If you make
Enter the total of the following tax amounts,
in parentheses. On page 3 of Form M4X,
a claim for a refund and we do not act on it
whether or not paid:
explain the changes in detail. If the changes
within six months of the date filed, you may
involve items requiring supporting informa‑
• amount from line 12 of your original M4;
bring an action in the district or tax court.
tion (by corporation return or instructions),
• amount due of a previously filed Form
attach the appropriate schedule, statement
M4X (which is line 33 of the 2015 Form
When to File
or form to Form M4X to verify the cor‑
M4X); and
File Form M4X only after you have
rected amount.
• additional tax due as the result of an audit
filed your original return. You may file
Column C: Add column B increases to
or notice of change.
Form M4X within 3½ years after the return
column A, or subtract column B decreases
was due or within one year from the date of
Do not include any amounts that were paid
from column A, and enter the result in
an order assessing tax, whichever is later. If
for penalty, interest or underpayment of
column C. If there are no changes, enter the
you filed your original return under an ex‑
estimated tax.
amount from column A.
tension by the extended due date, you have
up to 3½ years from the extended due date
Line 30
Line 1
to file the amended return, Form M4X.
Enter the total of the following refund
Enter the amount of Minnesota net income
amounts:
or loss before apportionment. For col‑
Filing Reminders
umn C, enter the corrected amount from
• overpayment from line 17 of your origi‑
The amended return must be signed by a
Form M4X, page 5, line 7.
nal M4, even if you have not yet received
person authorized by the corporation.
it;
Line 6
If you pay someone to prepare your
• refund amount of a previously filed Form
Enter Minnesota nonapportionable income
return, the preparer must sign and enter his
M4X (which is line 38 of the 2015 Form
as a negative. Example: ($100). Enter Min‑
or her PTIN number and daytime phone.
M4X); and
nesota nonapportionable loss as a positive.
Rounding is required. You must round
• refund or reduction in tax from a protest
Example: $100.
or other type of audit adjustment.
amounts to the nearest dollar. Drop any
Where to Find Amounts
amount less than 50 cents and increase any
Include any amount that was credited to
amount that is 50 cents or more to the next
From 2015 Return
estimated tax, applied to pay past due taxes
higher dollar.
or donated to the Minnesota Nongame
M4X,
M4X,
Wildlife Fund.
Completing the Form
line
line
Do not include any interest that may have
Enter your tax year beginning and ending
1 . . M4I, line 7
16 . . M4T, line 17
been included in the refunds you received.
dates at the top of the form. On page 3 of
2 . . M4I, line 8
19 . . M4T, line 19
Form M4X, include a detailed explanation
Lines 33 and 38
4 . . M4A, line 9
21 . . M4T, line 21
of why the original return was incorrect.
6 . . M4T, line 4
23 . . M4, line 4
Lines 33 and 38 should reflect the changes to
Providing this information will help us to
7 . . M4T, line 6
24 . . M4, line 5
your tax and/or credits as reported on lines 1
verify the amended amounts.
8 . . M4T, line 8b
25 . . M4, line 6
through 26 of Form M4X. If you have unpaid
9 . . M4T, line 9
26 . . M4, line 7
taxes on your original Form M4, Form M4X
Estimated payments and refunds credited
13 . . M4T, line 13
is not intended to show your corrected bal-
to subsequent years cannot be amended.
15 . . M4T, line 15
ance due.
Continued
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