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Minnesota Free Printable 2019 M8X, Amended S Corporation Return/Claim for Refund for 2020 Minnesota Amended S Corporation Return/Claim for Refund

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Amended S Corporation Return/Claim for Refund
2019 M8X, Amended S Corporation Return/Claim for Refund

*198911* 2019 M8X, Amended S Corporation Return Claim for Refund Explain each change on page 2 of Form M8X. For tax year beginning (mm/dd/2019) and ending (mm/dd/yyyy) Name of Corporation Federal ID Number Minnesota Tax ID Mailing Address Check this box if the name or address has changed from your original return. Fill in former information below. Former Name or Address, if Changed City Number of amended Schedule KS: Place an X in all that apply: State Composite Income Tax ZIP Code Financial Institution QSSS Number of shareholders: Installment Sale of Pass-through Assets or Interests Check box to indicate the Amended Changes Affect Changes Affect reason you are amending: Federal Return IRS Adjustment Schedules KS Changes Affect M8A Nonresident Withholding Public Law 86-272 1 S corporation taxes (enclose computation): Original: Sch D taxes Passive income Amended: LIFO recapture Sch D taxes A–As previously reported Passive income B–Net change C–Corrected amounts LIFO recapture . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1 2 Minimum fee (from line 2 of Form M8) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2 . 3 Composite income tax (enclose Schedules KS) . . . . . . . . . . . . . . . . . . . . . . . . . 3 . 4 Nonresident Minnesota withholding . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4 . 5 Add lines 1 through 4 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 5 6 Employer Transit Pass Credit not passed through to shareholders, limited to the sum of lines 1 and 2 (enclose Schedule ETP) . . . . . . . . . . . . . . . . 6 0 0 8 Add lines 6 and 7 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 8 0 9 Subtract line 8 from line 5 (if result is zero or less, leave blank) . . . . . . . . . . . . 9 0 10 Enterprise Zone Credit (enclose Schedule EPC) . . . . . . . . . . . . . . . . . . . . . . . . . 10 0 11 Estimated tax and/or extension payments . . . . . . . . . . . . . . . . . . . . . . . . . . . . 11 0 7 Tax Credit for Owners of Agricultural Assets not passed through to shareholders, limited to the sum of lines 1 and 2 above . . . . . . . . . . . . . . . . . . 7 Enter the certificate number from the certificate you received from the Rural Finance Authority: AO___-___________ 9995 Continued next page 2019 M8X, page 2 *198921* Name of Corporation Federal ID Number Minnesota Tax ID C–Corrected amounts 12 Amount due from original Form M8, line 15 (see instructions) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1 2 13 Total credits and tax paid (add lines 10C and 11C and line 12) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1 3 14 Refund amount from original Form M8, line 20 (see instructions) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1 4 15 Subtract line 14 from line 13 (if result is less than zero, enter the negative amount) . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1 5 16 Tax you owe. If line 9C is more than line 15, subtract line 15 from line 9C (if line 15 is a negative amount, see instructions) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1 6 17 If you failed to timely report federal changes or the IRS assessed a penalty (see instructions) . . . . . . . . . . . . . . . . . . . . . 1 7 18 Add lines 16 and 17 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1 8 19 Interest (see instructions) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1 9 20 AMOUNT DUE (add lines 18 and 19). Skip lines 21–22 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2 0 Check payment method: Electronic (see instructions), or Check (see instructions) 21 REFUND. If line 15 is more than line 9C, subtract line 9C from line 15 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2 1 22 To have your refund direct deposited, enter the following. Otherwise, you will receive a check. Account type: Routing number Account number (use an account not associated with any foreign banks) Checking Savings I authorize the MN Dept. of Revenue to discuss this tax return with the person below. Signature of Officer Print Name of Officer Date Daytime Phone Email Address for Correspondence, if Desired This email address belongs to: Employee Paid Preparer Paid Preparer’s Signature Date Daytime Phone Preparer’s PTIN Other Explain net changes below and show computations in detail. Enclose the list of changes, amended schedules and amended federal Form 1120S, if any. Mail to: Minnesota Amended S Corporation Tax, Mail Station 1770, St. Paul, MN 55145-1770. EXPLANATION OF CHANGE—Explain below each change in detail. If the changes involve items requiring supporting information, be sure to attach the appropriate schedule, statement or form to Form M8X to verify the correct amount. 9995 2019 Form M8X Instructions Before you can complete Form M8X, you will need the M8 instructions for the year you are amending. Who Should File M8X? This form must be filed by S corporations to correct—or amend—an original Minnesota Form M8, S Corporation Return. If you are amending a return from a tax year other than the year listed at the top of this form, use the Form M8X for that year. Federal Return Adjustments. If the Internal Revenue Service (IRS) changes or audits your federal return or you amend your federal return, you have 180 days to file an amended Minnesota return. If you are filing Form M8X based on an IRS adjustment, be sure to check the box in the heading and attach to your Form M8X a complete copy of your amended federal return or the correction notice you received from the IRS. If you fail to report as required, a 10 percent penalty will be assessed on any additional tax. See line 17 instructions. Claim for Refund. Use Form M8X to make a claim for refund and report changes to your Minnesota liability. If you make a claim for a refund and we do not act on it within six months of the date filed, you may bring an action in the district court or the tax court. When to File File Form M8X only after you have filed your original return. You may file Form M8X within 3½ years after the return was due or within one year from the date of an order assessing tax, whichever is later. If you filed your original return under an extension by the extended due date, you have up to 3½ years from the extended due date to file the amended return. Filing Reminders The amended return must be signed by a principal officer of the corporation. If you pay someone to prepare your return, the preparer must sign and enter his or her PTIN number and daytime phone. 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. Completing the Form Enter the beginning and ending dates for the tax year you are amending at the top of the form. On the back of Form M8X, include a detailed explanation of why the original return was incorrect. If you need additional space for your explanation, enclose a statement on a separate sheet. Providing this information will help us verify the amended amounts. Estimated payments and refunds credited to subsequent years cannot be amended or changed after the original return is filed. Form AWC, Alternative Withholding Certificate, can only be filed with the original return. Any Forms AWC received after the filing of the original return will be denied. Apportionment Factors. Minnesota uses the single sales apportionment factor. Use of Information All information provided on this form is private, except for your Minnesota tax ID number, which is public. Private information cannot be given to others except as provided by state law. The identity and income information of the shareholders are required under state law so the department can determine the shareholder’s correct Minnesota taxable income and verify if the shareholder has filed a return and paid the tax. The Social Security number of the shareholders are required to be reported on Schedule KS under M.S. 289A.12, subd. 13. Lines 1–11, Columns A, B and C Column A: Enter the amounts shown on your original return or as later adjusted by an amended return or audit report. Column B: Enter the dollar amount of each change as an increase or decrease for each line you are changing. Show all decreases in parentheses. If the changes you are making affect the amounts on a schedule, you must complete and enclose a corrected schedule. If you do not enter an amount when there is a change, the processing of your amended return will be delayed. You must also explain each change in detail in the space on page 2 of Form M8X and enclose any related schedules or forms. If you are not making a change for a given line, leave column B blank. 1 Continued 2019 Form M8X Instructions (Continued) Column C: Enter the corrected amounts after the increases or decreases. If there are no changes, enter the amount from column A. Line 7 If you received a credit certificate from the Minnesota Rural Finance Authority for selling or leasing agricultural assets to a beginning farmer, enter the certificate number in the space provided and credit amount on line 7. If you have multiple credits, enter the certificate number your S corporation received directly from the Rural Finance Authority within the certificate number box. If you have multiple credits and received all credits from other pass-through entities, enter the certificate number relating to the largest credit amount within the certificate number box. Subtotal all credit amounts on Line 7. Line 12 Enter the total of the following tax amounts, whether or not paid: • amount from line 15 of your original M8; • any additional tax due from a previously filed M8X, (either line 14, or 15, depending on the year); and • additional tax due as the result of an audit or notice of change. Do not include any amounts that were paid for penalty, interest or underpayment of estimated tax. Line 14 Enter the total of the following refund amounts: • from line 20 of your original M8, even if you have not yet received it; • any refund amount from a previously filed form M8X, (either line 19 or 20, depending on the year); and • refund or reduction in tax from a protest or other type of audit adjustment. Include any amount that was credited to estimated tax, applied to pay past due taxes or donated to the Minnesota Nongame Wildlife Fund. Do not include any interest that may have been included in the refunds you received. Lines 16 and 21 Lines 16 and 21 should reflect the changes to your tax and/or credits as reported on lines 1 through 11 of Form M8X. If you have unpaid taxes on your original Form M8, Form M8X is not intended to show your corrected balance due. Line 16 If line 15 is a negative amount, treat it as a positive amount and add it to line 9C. Enter the result on line 16. This is the amount you owe, which is due when you file your amended return. You cannot use any funds in your estimated tax account to pay this amount. Continue with line 17. Line 17 If only one of the penalties below applies, you must multiply line 16 by 10 percent (.10). If both penalties apply, multiply line 16 by 20 percent (.20). Enter the result on line 17. • The IRS assessed a penalty for negligence or disregard of rules or regulations; and/or • You failed to report federal changes to the department within 180 days as required. Line 19 Interest is calculated as simple interest and accrues on unpaid tax and penalties from the regular due date until it is paid in full. Use the formula below with the appropriate interest rate: Interest = line 18 x number of days past the due date x interest rate ÷ 365 If the days fall in more than one calendar year, you must determine the number of days separately for each year. The interest rates for recent years are: 2019 2017-18 2010-16 2009 5% 4% 3% 5% 2007-08 2006 2004-05 2003 8% 6% 4% 5% 2002 2001 1999-2000 1998 7% 9% 8% 9% Penalty will be assessed if the additional tax and interest are not paid with the amended return. Line 20 Pay Electronically. Visit our website at www.revenue.state.mn.us and log in to e-Services. If you don’t have Internet access, call 1‑800570‑3329 to pay by phone. When paying electronically, you must use an account not associated with any foreign banks. Pay by Check. 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. You may not receive your cancelled check. 2 Continued 2019 Form M8X Instructions (Continued) Line 21 If you want your refund to be directly deposited into your bank account, complete line 22. Your bank statement will indicate when your refund was deposited to your account. Otherwise, skip line 22 and your refund will be sent to you in the mail. This refund cannot be applied to your estimated tax account. Line 22 If you want your refund to be directly deposited into your checking or savings account, enter the routing and account numbers. You must use an account not associated with any foreign banks. The routing number must have nine digits. The account number may contain up to 17 digits (both numbers and letters). Enter the number and leave out any hyphens, spaces and symbols. You can find your bank’s routing number and account number on the bottom of your check. If the routing or account number is incorrect or is not accepted by your financial institution, your refund will be sent to you in the form of a paper check. By completing line 22, you are authorizing the department and your financial institution to initiate electronic credit entries, and if necessary, debit entries and adjustments for any credits made in error. Signature The return must be signed by the principal officer of the organization receiving, controlling or managing the income of the S corporation. The person must also include his or her ID number. If someone other than the principal officer prepared the return, the preparer must also sign. The preparer’s PTIN and phone number should also be included. You may check the box in the signature area to give us your permission to discuss your return with the paid preparer. This authorization remains in effect until you notify the department in writing (either by mail or fax) that the authorization is revoked. Checking the box does not give your preparer the authority to sign any tax documents on your behalf or to represent you at any audit or appeals conference. For these types of authorities, you must file a power of attorney, Form REV184. Email Address If the department has questions regarding your return and you want to receive correspondence electronically, indicate the email address below your signature. Check a box to indicate if the email address belongs to an employee of the S corporation, the paid preparer or other contact person. By providing an email address, you are authorizing the department to correspond with you or the designated person over the Internet and you understand that the entity’s nonpublic tax data may be transmitted over the Internet. You also accept the risk that the data may be accessed by someone other than the intended recipient. The department is not liable for any damages that the entity may incur as a result of an interception. Information and Assistance Website: www.revenue.state.mn.us Email: [email protected] Phone: 651-556-3075 This material is available in alternate formats. 3
Extracted from PDF file 2019-minnesota-form-m8x.pdf, last modified October 2012

More about the Minnesota Form M8X Corporate Income Tax TY 2019

We last updated the Amended S Corporation Return/Claim for Refund in February 2020, so this is the latest version of Form M8X, fully updated for tax year 2019. You can download or print current or past-year PDFs of Form M8X directly from TaxFormFinder. You can print other Minnesota tax forms here.

Other Minnesota Corporate 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 MRT1 Mortgage Registry Tax
Form M3-M3A Partnership Return
Worksheet C-Provider Provider, Hospital and Surgical Center Tax Return
Form M8 S Corporation Return (M8 and M8A)
Form M99 Credit for Military Service in a Combat Zone

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 M8X from the Department of Revenue in February 2020.

Show Sources >

About the Corporate Income Tax

The IRS and most states require corporations to file an income tax return, with the exact filing requirements depending on the type of company.

Sole proprietorships or disregarded entities like LLCs are filed on Schedule C (or the state equivalent) of the owner's personal income tax return, flow-through entities like S Corporations or Partnerships are generally required to file an informational return equivilent to the IRS Form 1120S or Form 1065, and full corporations must file the equivalent of federal Form 1120 (and, unlike flow-through corporations, are often subject to a corporate tax liability).

Additional forms are available for a wide variety of specific entities and transactions including fiduciaries, nonprofits, and companies involved in other specific types of business.

Historical Past-Year Versions of Minnesota Form M8X

We have a total of nine past-year versions of Form M8X in the TaxFormFinder archives, including for the previous tax year. Download past year versions of this tax form as PDFs here:


2019 Form M8X

2019 M8X, Amended S Corporation Return/Claim for Refund

2018 Form M8X

2018 M8X, Amended S Corporation Return/Claim for Refund

2017 Form M8X

M8X, Amended S Corporation Return/Claim for Refund 2016

2016 Form M8X

M8X, Amended S Corporation Return/Claim for Refund 2016

2015 Form M8X

M8X, Amended S Corporation Return/Claim for Refund

Amended S Corporation Return/Claim for Refund 2014 Form M8X

M8X, Amended S Corporation Return/Claim for Refund

2013 Amended S Corporation Return/Claim for Refund 2013 Form M8X

M8X, Amended S Corporation Return/Claim for Refund

2012 Form M8X

M8X, Amended S Corporation Return/Claim for Refund

2011 Form M8X

M8X, Amended S Corporation Return/Claim for Refund


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