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Minnesota Free Printable 2019 M11T, Insurance Premium Tax Return and Firetown Report for Township Mutual for 2020 Minnesota Insurance Premium Tax Return and Firetown Report for Township Mutual

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Insurance Premium Tax Return and Firetown Report for Township Mutual
2019 M11T, Insurance Premium Tax Return and Firetown Report for Township Mutual

M11T 2019 Insurance Premium Tax Return and Fire Premium Report for Township Mutual Combined Report for Township Mutual Insurance Companies Due March 1, 2020 Check if: Print or Type Name of Insurance Company Mailing Address Check if New Address City State Zip Code Email Address Website Address Amended Return No Activity Return FEIN Minnesota Tax ID (required) NAIC Number State/Country of Incorporation Contact Person Daytime Phone Fax Number 1 Gross direct premiums, including policy fees, premium finance and other charges (from annual statement filed with the Minnesota Department of Commerce; attach a copy) . . . . . . . . . . . 1 2 Premium tax percentage rate . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2 1% 3 Premium tax liability (multiply line 1 by line 2) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3 4 Credit for historic structure rehabilitation (must attach credit certificate) and enter NPS project number: . . . . . . . . . . . 4 Premium Tax and Payments 5 Tax liability (subtract line 4 from line 3) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 5 6 Premium tax prepayments a Prior year‘s overpayment . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 6a b Estimated payment March 15 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 6b c Estimated payment June 15 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 6c d Estimated payment Sept. 15 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 6d e Estimated payment Dec. 15 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 6e Total payments (add lines 6a through 6e) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 6 7 Tax due (or overpaid) (subtract line 6 from line 5) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 7 8 a Additional charge for underpaying estimated tax (determine from worksheet in the instructions) . . . . . . . . . . . . . . . . . . . . 8a b Penalty (see instructions) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 8b c Interest (see instructions) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 8c Total (add lines 8a through 8c) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 8 Amount Due/ Overpaid 9 TOTAL AMOUNT DUE (or overpaid) (add lines 7 and 8) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 9 If you owe additional tax: Payment method: Electronic payment Check (payable to Minnesota Department of Revenue; write MN tax ID number on check; attach voucher) Enter amount paid Date paid (If amount paid is different from amount due on line 9, attach an explanation.) If you overpaid: Amount on line 9 to be credited to next year‘s estimated tax . . . . . . . . . . . . . . . Amount on line 9 to be refunded . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Sign Here I declare that this return is correct and complete to the best of my knowledge and belief. Authorized Signature Title Date Daytime Phone Signature of Preparer Print Name of Preparer Date Daytime Phone Mail to: Minnesota Department of Revenue, Mail Station 1780, 600 N. Robert St., St. Paul, MN 55145-1780 I authorize the Minnesota Department of Revenue to discuss this tax return with the preparer. 2019 Insurance Premium Tax Return and Fire Premium Report for Township Mutual Instructions For insurance tax laws, see Minnesota Statutes, Chapter 297I at www.leg.state.mn.us. Before You File You Need a Minnesota Tax ID Your Minnesota tax ID is the seven-digit number you’re assigned when you register with the Department of Revenue. You must include your Minnesota tax ID on your return so that your filing and any payments you make are properly credited to your account. If you do not have a Minnesota tax ID, apply online at www.revenue.state.mn.us or call 651‑282-5225 or 1-800-657-3605. It is also important to enter your federal ID number and NAIC number on your return, but not in place of your Minnesota tax ID number. Filing Requirements All Minnesota township mutual insurance companies must file Form M11T, a combined premium tax return and fire premium report. (M.S. 297I.05, subd. 2) Due Date File Form M11T with all required attachments and pay any tax due by March 1. Payment extensions are not allowed. The U.S. postmark date, or date recorded or marked by a designated delivery service, is considered the filing date (private postage meter marks are not valid). When the due date falls on a Saturday, Sunday or legal holiday, returns and payments electronically made or postmarked the next business day are considered timely. When a return or payment is late, the date it is received at the Department of Revenue is treated as the date filed or paid. Extension for Filing Return. If good cause exists, you may request a filing extension. Payments Electronic Payments If your total insurance taxes and surcharges for the last 12-month period ending June 30 is $10,000 or more, you are required to pay your tax electronically in all subsequent years. You must also pay electronically if you’re required to pay any Minnesota business tax electronically, such as sales or withholding tax. To pay electronically, go to the department’s website at www.revenue.state.mn.us and log in to e-Services. If you do not have Internet access, call 1‑800-570-3329 to pay by phone. You’ll need your user name, password and bank routing and account numbers. When paying electronically, you must use an account not associated with any foreign banks. If you use other electronic payment methods, such as ACH credit method or Fed Wire, instructions are available on our website or by calling Business Registration Office at 651‑282-5225 or 1-800-657-3605. Estimated Tax Payments If your estimated premium tax is more than $500, you must make estimated payments based on the entire estimated amount. To avoid an additional charge for underpaying the tax, your payments must be made on time and be at least one-fourth of the prior year’s total annual tax liability, or one-fourth of 80% of the current year’s total annual tax liability. Estimated payments are due quarterly on March 15, June 15, Sept. 15 and Dec. 15. When the due date falls on a weekend or legal holiday, payments made electronically or postmarked on the next business day are considered timely. Check Payments If you’re not required to pay electronically and are paying by check, visit our website at www.revenue.state.mn.us and click on “Make a Payment” and then “By check” to create a voucher. Print and mail the voucher with a check made payable to Minnesota Revenue. When you pay by check, your check authorizes us to make a one-time electronic fund transfer from your account, and you may not receive your cancelled check. If you make your payments electronically, do not send in the voucher. If you do not pay the correct amount of estimated tax by the due dates and your tax liability is more than $500, you may have to pay an additional charge for underpaying. Complete the worksheet on page 3. Overpayments from prior years or prior estimated overpayments should be applied before underpayment charges are figured. Continued 1 2019 Form M11T Instructions (Continued) Return Payment If there is an amount due on Form M11T, either pay it electronically or by check. Visit our website at www.revenue.state.mn.us and click on “Make a Payment” and then “By check” to create a voucher. Print and mail the voucher with a check made payable to Minnesota Revenue. When you pay by check, your check authorizes us to make a one-time electronic fund transfer from your account, and you may not receive your canceled check. Note: If no amount is due or if you pay electronically, do not send in a voucher. Completing Form M11T Check Boxes At the top of the form, check if the return is: • an Amended Return: Check only if you are amending a previously filed return for the same period. Include all original and corrected premiums on the amended return. • a No Activity Return: Check only if you did not have any tax activity during the year. Line Instructions Round amounts to the nearest dollar. Decrease any amount less than 50 cents and increase any amount that is 50 cents or more to the next higher dollar. Line 4 Historic Structure Rehabilitation Credit A refundable credit is available to taxpayers who are eligible for the Federal Historic Rehabilitation Credit for improving a certified historic structure located in Minnesota. The credit is equal to 100% of the federal credit, and it may be transferred or assigned to others, including insurance companies. To qualify for the Minnesota credit, the project developer must apply for approval from the State Historic Preservation Office (SHPO) of the Minnesota Historical Society before any rehabilitation of the structure begins. For eligibility requirements and information on how to apply for approval, go to the SHPO website at www.mnhs.org/shpo. Once the approved project has been completed and placed into service, the SHPO will issue a credit certificate. From the credit certificate you received from the SHPO, enter the five-digit NPS project number and the amount of your credit on line 4. You must include the credit certificate when you file your Form M11T. Line 8a Additional Charge for Underpaying Estimated Tax If you did not pay the correct amount of estimated tax by the due dates and your tax liability on line 5 is more than $500, you may have to pay an additional charge for underpaying. Complete the worksheet on page 3 to determine the amount to enter on line 8a. Line 8b Penalty Late Payment. If you file on time but do not pay all the tax due by the due date, a late payment penalty is due. The penalty is 5% of the unpaid tax for any part of the first 30 days the payment is late, and 5% for each additional 30-day period, up to a maximum of 15%. Late Filing. Add a late filing penalty to the late payment penalty if your return is not filed by the due date. The penalty is 5% of the unpaid tax. When added to the late payment penalty, the maximum combined penalty is 20%. Payment Method. If you’re required to pay electronically and do not, an additional 5% penalty applies to payments not made electronically, even if a paper check is sent on time. Line 8c Interest. You must pay interest on the unpaid tax plus penalty from the due date until the total is paid. The interest rate for calendar year 2020 is 5%. The rate may change for future years. To figure how much interest you owe, use the following formula with the appropriate interest rate: Interest = (tax + penalty) × # of days late × interest rate ÷ 365 Continued 2 2019 Form M11T Instructions (Continued) Mailing Your Return Mail your return and all required attachments to: Minnesota Department of Revenue Mail Station 1780 600 N. Robert St. St. Paul, MN 55145-1780 For express deliveries, use our street address: Minnesota Department of Revenue 600 N. Robert St. St. Paul, MN 55101 Business Information Changes Be sure to let us know within 30 days if you change mailing addresses, phone numbers, or any other business information. To do so, go to our website, login to e-Services and update your profile information. By notifying us, we will be able to let you know of any changes in Minnesota tax laws and filing requirements. Information and Assistance Website: www.revenue.state.mn.us. Email: [email protected] Phone: 651-556‑3024 This material is available in alternate formats. For questions about licensing and regulations, contact the Minnesota Department of Commerce: Website: www.mn.gov/commerce Email: [email protected] Phone: 651-539-1599 or 1-800-657-3978 Fax: 651-539-0107 Continued 3 2019 Form M11T Instructions (Continued) Worksheet Instructions Step 5 Payments of estimated tax are applied against any underpayments of required estimated payments in the order that the estimated payments were due. For example, if your first estimated payment is underpaid by $100 and you deposit $200 for your second estimated payment, $100 of your second payment is applied to the first estimated payment. The additional charge for the first estimated payment is computed from the estimated payment’s due date to the date the second payment is made. Also, the second estimated payment will then be underpaid by $100 (assuming that the second payment is $200) until sufficient repayments are received to eliminate the underpayment. If more than one payment has been made for a required estimated payment, attach a separate computation for each payment. Credit the excess of any overpayment for a period on step 5 of the next payment period. Step 10 If there is no underpayment on step 7, enter “none” on step 10 for that period. Worksheet: Additional Charge for Underpaying Estimated Tax 1 Enter 80% of your total annual tax liability from line 5 of your 2019 Form M11T. If your tax liability was $500 or less, you do not owe an additional charge. . . . . . . . . . . . . . . . . . . . . . . . . . 1 2 Enter the amount from line 5 of your 2018 Form M11T. If you were not required to file a 2018 return, you do not owe an additional charge . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2 Due Dates March 15 June 15 Sept. 15 3 Enter one-fourth of step 1 or step 2 (whichever is less) in each column . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3 4 Amounts paid on or before the due date for each period. Include credits applied, such as prior year’s overpayment . . . . . . . . . . . . . . . . . . 4 5 Overpayment of previous installment (see worksheet instructions) . . . . 5 6 Add steps 4 and 5 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 6 7 Underpayment (or overpayment). Subtract step 6 from step 3 . . . . . . . . 7 8 Date underpayment is paid or March 1, 2020, whichever is earlier . . . . . . 8 9 Number of days from the due date to the date on step 8 . . . . . . . . . . . . 9 10 Additional charge (step 9 ÷ 365 × interest (see below) × step 7) . . . . . 10 Dec. 15 1 TOTAL. Add amounts in each column on step 10. 1 Enter the result here and on Form M11T, line 8a . . . . . . . . . . . . . . . . . 11 If step 11 is zero, keep this worksheet for your records. If it is more than zero, attach a copy of the worksheet to your Form M11T. Interest: 2019 = .05; 2020 = .05 4
Extracted from PDF file 2019-minnesota-form-m11t.pdf, last modified October 2012

More about the Minnesota Form M11T Individual Income Tax TY 2019

We last updated the Insurance Premium Tax Return and Firetown Report for Township Mutual in March 2020, so this is the latest version of Form M11T, fully updated for tax year 2019. You can download or print current or past-year PDFs of Form M11T directly from TaxFormFinder. You can print other Minnesota tax forms here.

Other Minnesota Individual Income Tax Forms:

TaxFormFinder has an additional 95 Minnesota income tax forms that you may need, plus all federal income tax forms.

Form Code Form Name
Form M1PR Instructions Homestead Credit Refund and Renter’s Property Tax Refund Instruction Booklet
Form M1PR Homestead Credit Refund (for Homeowners) and Renters Property Tax Refund
Form M1 Individual Income Tax Return
Form M1M Income Additions and Subtractions (onscreen version)
Form M1W Minnesota Income Tax Withheld (onscreen version)

Download all MN tax forms View all 96 Minnesota Income Tax Forms


Form Sources:

Minnesota usually releases forms for the current tax year between January and April. We last updated Minnesota Form M11T from the Department of Revenue in March 2020.

Show Sources >

About the Individual Income Tax

The IRS and most states collect a personal income tax, which is paid throughout the year via tax withholding or estimated income tax payments.

Most taxpayers are required to file a yearly income tax return in April to both the Internal Revenue Service and their state's revenue department, which will result in either a tax refund of excess withheld income or a tax payment if the withholding does not cover the taxpayer's entire liability. Every taxpayer's situation is different - please consult a CPA or licensed tax preparer to ensure that you are filing the correct tax forms!

Historical Past-Year Versions of Minnesota Form M11T

We have a total of eight past-year versions of Form M11T in the TaxFormFinder archives, including for the previous tax year. Download past year versions of this tax form as PDFs here:


2019 Form M11T

2019 M11T, Insurance Premium Tax Return and Firetown Report for Township Mutual

2018 Form M11T

2011 M11T, Insurance Premium Tax Return and Firetown Report for Township Mutual

2017 Form M11T

2011 M11T, Insurance Premium Tax Return and Firetown Report for Township Mutual

2016 Form M11T

2011 M11T, Insurance Premium Tax Return and Firetown Report for Township Mutual

2015 Form M11T

2011 M11T, Insurance Premium Tax Return and Firetown Report for Township Mutual

Insurance Premium Tax Return and Firetown Report for Township Mututal 2014 Form M11T

2011 M11T, Insurance Premium Tax Return and Firetown Report for Township Mutual

2013 Insurance Premium Tax Return and Firetown Report for Township Mututal 2013 Form M11T

2011 M11T, Insurance Premium Tax Return and Firetown Report for Township Mutual

2012 Form M11T

2011 M11T, Insurance Premium Tax Return and Firetown Report for Township Mutual


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