Form M4 - Corporation Franchise Tax Return - 2012 Page 2
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4I
2012 M4
2012 Income Calculation
See instructions beginning on page 6.
Name of corporation/designated filer
FEIN
Minnesota tax ID
You must round amounts
to nearest whole dollar
1 Federal taxable income before net operating loss deduction and special deductions
1
(from federal Form 1120, line 28, or see inst., pg. 6) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
2 Additions to income
2a
a Federal deduction taken for taxes based on net income and minimum fee . . . . . . . . . . . . . . . . .
2b
b Federal deduction for capital losses (IRC sections 1211 and 1212) . . . . . . . . . . . . . . . . . . . . . .
2c
c Interest income exempt from federal income tax . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
2d
d Exempt interest dividends (IRC section 852[b][5]) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
2e
e Deemed dividends from foreign operating corporations (from FOC, line 8) . . . . . . . . . . . . . . . . . .
2f
f Foreign sales corporation adjustment (from FSC, line 8) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
2g
g Losses from mining operations subject to occupation tax . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
2h
h Federal deduction for percentage depletion (IRC sections 611-614 and 291) . . . . . . . . . . . . . .
2i
i IRC section 114 extraterritorial income exclusion (from federal Form 8873, line 52) . . . . . . . . .
2j
j Federal bonus depreciation and suspended loss (IRC section 168[k]) . . . . . . . . . . . . . . . . . . . . .
2k
k Domestic production activities deduction . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
2l
l Federal subsidies for prescription drug plans . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
2m
m Eighty percent of excess IRC section 179 deduction . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
2n
n Fines, fees and penalties deducted federally as a trade or business expense . . . . . . . . . . . . . .
2o
o This line intentionally left blank . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
2
Total additions (add lines 2a through 2o) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
3
3 Total (add lines 1 and 2) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
4 Subtractions from income
4a
a Refund of taxes based on net income included in federal taxable income . . . . . . . . . . . . . . . . .
4b
b Minnesota deduction for capital losses . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
c Sum of research expenses, IRC sections 45A(a) and 51 salary expenses, and disability
4c
access expenditures disallowed for federal tax purposes (attach schedule) . . . . . . . . . . . . . . . .
d Eighty percent of foreign royalties, fees and similar income received by unitary group
4d
from sources outside the United States (attach schedule) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
4e
e Foreign dividend gross-up required under IRC section 78 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
4f
f Expenses relating to income taxable by Minnesota, but federally exempt . . . . . . . . . . . . . . . . . . .
4g
g Dividends paid by a bank to the U.S. government on preferred stock . . . . . . . . . . . . . . . . . . . . . .
4h
h Deduction for previously disallowed intangible drilling costs . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
4i
i Income/gains from mining operations subject to the occupation tax . . . . . . . . . . . . . . . . . . . . . .
4j
j Deduction for cost depletion . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
4k
k Minnesota depreciation for pre-1987 certified pollution control facilities . . . . . . . . . . . . . . . . . . .
4l
l IRC section 114 extraterritorial income subtraction . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
4m
m Subtraction for prior bonus depreciation addback . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
4n
n Subtraction for prior IRC section 179 addback . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
4o
o Subtraction for prior addback of reacquisition of indebtedness income . . . . . . . . . . . . . . . . . . .
4p
p This line intentionally left blank . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
4
Total subtractions (add lines 4a through 4p) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
5
5 Intercompany eliminations (attach schedule) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
6
6 Add lines 4 and 5 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
7
7 Minnesota net income (subtract line 6 from line 3) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
8
8 Total nonapportionable income (see instructions, pg. 8; attach schedule) . . . . . . . . . . . . . . . . . . .
9
9 Minnesota apportionable income (subtract line 8 from line 7). Enter on M4T, line 1 . . . . . . . . . . .
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