Fillable Form M4r - Minnesota Business Activity Report

2017 Form M4R Instructions

Filing Requirements

Exempt activities. You are not required to

Due Date

file this report if your activities in Minne-

Corporations are required to file

You must file Form M4R each year by the

sota relate solely to your ownership of an

Form M4R, Minnesota Business Activity

15th day of the fourth month after the close

interest in the following:

Report, with the Minnesota Department of

of your calendar or fiscal accounting year.

Revenue if they obtain any business from

• real estate mortgage investment

within Minnesota during the calendar or

Penalties

conduits;

fiscal accounting year. If you are registered

• real estate investment trusts;

If you do not file Form M4R, you will lose

with the Minnesota Secretary of State’s Of-

your right under Minnesota law to file a

• regulated investment companies;

fice to do business in this state, you are not

lawsuit, except for lawsuits related to your

• securitized loans;

required to file Form M4R. (Read “Exemp-

Minnesota tax liability.

tions” and “Exempt activities” for addition-

• secondary loan market assets; or

You will not be able to use the courts

al exceptions to this requirement.)

• property acquired in satisfaction of a

(except for activities or property described

Business obtained from within Minnesota

default on a secondary loan market asset,

under “Exempt activities”) to enforce con-

includes:

provided the property is disposed of in a

tracts or to settle lawsuits that arise before

reasonable time.

the end of the last accounting period for

• sales of products or services to Minne-

which you fail to file a timely report.

Exempt activities related to the above types

sota customers who receive the product

of property include contacts with Minnesota

or service in Minnesota;

You will be allowed to continue any law-

reasonably required to:

• sales of services that are performed out-

suits if you pay all taxes, interest and civil

side Minnesota, the benefits of which are

penalties due, or if you provide for them by

• evaluate and complete the acquisition or

consumed in Minnesota;

posting a security bond with the Depart-

disposition of the property;

ment of Revenue.

• transactions with Minnesota customers

• service the property or collect income

that involve intangible property and re-

from the property; or

The Department of Revenue may disclose

sult in income flowing to the corporation

to litigants if a Business Activities Report

• acquire or liquidate collateral relating to

from within Minnesota;

has been filed by a party to a lawsuit.

the property.

• leases of tangible personal property

Secondary loan market assets consist of

located in Minnesota;

Minnesota Tax ID Number

interest in the following assets in which the

• sales and leases of Minnesota real estate;

The Minnesota Tax ID number is the seven-

obligations are solicited and entered into by

and

digit number assigned by the Department of

persons independent of and not acting on

Revenue. It is the same as your Minnesota

• deposits made to financial institutions by

behalf of your corporation:

Sales and Use Tax number or your Minne-

Minnesota customers.

• lease financing receivables;

sota employer’s withholding tax number.

Exemptions. You do not have to file

• loans secured by real or tangible personal

If you do not have a Minnesota Tax ID and

Form M4R if:

property;

do not need to file sales, use or withholding

• you have received a certificate of author-

• commercial or consumer loans and

tax in Minnesota, leave this space blank.

ity to do business in Minnesota from

installment obligations;

the Secretary of State by the end of the

Information and Assistance

• credit card or merchant discount receiv-

accounting period for which you would

ables; and

Website:

have had to file the report;

• securities or money market instruments.

Email:

BusinessIncome.tax@state.mn.us

• your corporation is an insurance com-

Phone:

651-556-3075

pany licensed by the Department of

The exemption for secondary loan market

This material is available in alternate

Commerce to transact insurance business

assets does not apply to a member of a

formats.

in Minnesota;

unitary business that acquires the asset from

another member of the unitary business.

• you are exempt from taxation under Sub-

chapter F of the Internal Revenue Code;

• your corporation is a mining business and

subject to Minnesota’s occupation tax; or

• you have filed a timely tax return.

Form M4r - Minnesota Business Activity Report - 2017 Page 2

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