Form M4x - Amended Franchise Tax Return/claim For Refund - 2015 Page 7

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2015 Form M4X Instructions
(continued)
Preparer information
Line 33
Penalty will be assessed if the additional tax
If line 31 is a negative amount, treat it as a
and interest are not paid with the amended
If you pay someone to prepare your return,
positive amount and add it to line 32. Enter
return.
the preparer must sign the return and
the result on line 33. This is the amount
enter his or her PTIN number and daytime
Line 37
you owe, which is due when you file your
phone number. If you check the box after
To pay electronically. Visit our website at
amended return. You cannot use any funds
the preparer’s signature, you authorize the
and login, or call
in your estimated tax account to pay this
department to discuss the return with the
1‑800‑570‑3329 to pay by phone.
amount. Continue with line 34.
preparer.
To pay by check. Visit our website at www.
Line 34
For additional information
revenue.state.mn.us and click on “Make a
If only one of the penalties below applies,
Payment” and then “By check” to create a
Website:
you must multiply line 33 by 10 percent
voucher. Print and mail the voucher with a
(.10). If both penalties apply, multiply line
Email:
BusinessIncome.Tax@state.mn.us
check made payable to Minnesota Revenue.
33 by 20 percent (.20). Enter the result on
Phone: 651‑556‑3075
Your check authorizes us to make a one‑
line 34.
time electronic fund transfer from your
• The IRS assessed a penalty for negli-
This material is available in alternate for‑
account. You may not receive your canceled
gence or disregard of rules or regula-
mats.
check.
tions, and/or
• You failed to report federal changes
Line 38
to the department within 180 days as
If you are expecting a refund, you must
required.
provide the requested banking information
to have the full amount deposited directly
Line 36
into your bank account. You must use an ac‑
Interest is calculated as simple interest and
count not associated with any foreign banks.
accrues on unpaid tax and penalties from
the regular due date until it is paid in full.
Your bank statement will indicate when
Use the formula below with the appropriate
your refund was deposited to your account.
interest rate:
This refund cannot be applied to your esti‑
mated tax account.
Interest = line 35 x number of days past
the due date x interest rate ÷ 365
Signature
The interest rate is determined each Octo‑
The return must be signed by a person
ber for the following calendar year. The rate
authorized by the corporation.
for 2016 is 3 percent. Rates for years after
2016 will be available on our website.
If the days fall in more than one calendar
year, you must determine the number of
days separately for each year.

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