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Minnesota Free Printable 2022 M8X, Amended S Corporation Return/Claim for Refund for 2023 Minnesota Amended S Corporation Return/Claim for Refund

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Amended S Corporation Return/Claim for Refund
2022 M8X, Amended S Corporation Return/Claim for Refund

*228911* 2022 M8X, Amended S Corporation Return Explain each change on page 2 of Form M8X. Tax year beginning (MM/DD/YYYY) / / and ending (MM/DD/YYYY) Do not use staples on anyting you submit. / / Name of Corporation Federal ID Number Mailing Address Check this box if the name or address has changed since filing your original return. Fill in former information below. City State ZIP Code Minnesota Tax ID Number Former Name or Address, if Changed Number of Amended Schedule KS Place an X in all that apply: Composite Income Tax Check box to indicate the reason you are amending: Financial Institution Amended Federal Return QSSS Installment Sale of Pass-through Assets or Interests Number of Shareholders Pass-through Entity (PTE) Tax Tax Position Disclosure (Enclose Form TPD) Changes Affect Schedules KS Changes Affect IRS Adjustment Public Law 86-272 Changes Affect M8A Nonresident Withholding 1 S corporation taxes (enclose computation): Original: Sch D taxes Passive income LIFO recapture Amended: Sch D taxes Passive income A–As previously reported B–Net change LIFO recapture . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1 2 Minimum fee (from line 2 of Form M8) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2 3 Pass-through Entity Tax (enlose Schedule PTE) . . . . . . . . . . . . . . . . . . . . . . . . . 3 4 Composite income tax (enclose Schedules KS) . . . . . . . . . . . . . . . . . . . . . . . . . 4 . 5 Nonresident Minnesota withholding . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 5 6 Add lines 1 through 5 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 6 7 Employer Transit Pass Credit not passed through to shareholders, limited to the sum of lines 1 and 2 (enclose Schedule ETP) . . . . . . . . . . . . . . . 7 0 8 Film Production Tax Credit, limited to the sum of lines 1 and 2 above . . . . . . 8 Enter the credit certificate number: TAXC 9 Tax Credit for Owners of Agricultural Assets not passed through to shareholders, limited to the sum of lines 1 and 2 above . . . . . . . . . . . . . . . . . 9 Enter the certificate number from the certificate you received from the Rural Finance Authority: AO 10 Add lines 7 though 9 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10 9995 Continued next page C–Corrected amounts 2022 M8X, page 2 *228921* Name of Corporation Federal ID Number Minnesota Tax ID Number A–As previously reported 11 Subtract line 10 from line 6 (if result is zero or less, leave blank) . . . . . . . . . 11 0 12 Enterprise Zone Credit (enclose Schedule EPC) . . . . . . . . . . . . . . . . . . . . . . . . . 12 0 13 Estimated tax and/or extension payments . . . . . . . . . . . . . . . . . . . . . . . . . . . . 13 0 B–Net change C–Corrected amounts 14 Amount due from original Form M8, line 17 (see instructions) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1 4 15 Total refundable credits and tax paid (add lines 12C, 13C, and 14) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1 5 16 Refund amount from original Form M8, line 22 (see instructions) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1 6 17 Subtract line 16 from line 15 (if result is less than zero, enter the negative amount) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1 7 18 Tax you owe. If line 11C is more than line 17, subtraction line 17 from line 11C (if line 17 is a negative amount, see instructions) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1 8 19 If you failed to timely report federal changes or the IRS assessed a penalty (see instructions) . . . . . . . . . . . . . . . . . . . . . . 1 9 20 Add lines 18 and 19 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2 0 21 Interest (see instructions) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2 1 22 AMOUNT DUE (add lines 20 and 21). Skip lines 23–24 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2 2 Check payment method: Electronic (see instructions), or Check (see instructions) 23 REFUND. If line 17 is more than line 11C, 19, and 21, subtract lines 11C, 19, and 21 from line 17 . . . . . . . . . . . . . . . . . . 2 3 24 To have your refund direct deposited, enter the following. Otherwise, you will receive a check. Account type: Checking Savings Routing number Account number (use an account not associated with any foreign banks) / / Date (MM/DD/YYYY) Signature of Officer Print Name of Officer Email Address for Correspondence, if Desired This email address belongs to: Employee Preparer’s Signature / / Date (MM/DD/YYYY) Preparer’s PTIN Explain net changes below and show computations in detail. Enclose your list of changes, amended schedules, and a complete copy of the amended federal Form 1120s, if any. Mail to: Minnesota S Corporation Tax Mail Station 1770 St. Paul, MN 55145-1770 Officer’s Direct Phone Paid Preparer Other: Preparer’s Direct Phone I authorize the Minnesota Department of Revenue to discuss this tax return with the preparer. EXPLANATION OF CHANGE—Enclose a detailed explanation for each change. 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 2022 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, 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 19 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. Conformity. As a result of the January 2023 Minnesota tax bill, you must file Form M8X only for the following reasons: 1. To update composite income tax for electing shareholders, or 2. To update Schedule PTE. See Schedule PTE for more details. You do not need to update nonresident withholding amounts. You may need to amend, and issue updated Schedules KS or KSNC if your shareholder(s) need additional information to update their return(s). For example, if you claimed federal bonus depreciation on qualified improvement property (QIP) and adjusted the shareholder’s bonus depreciation addition as a result of the QIP nonconformity adjustment. If you are amending solely due to the January 2023 Minnesota tax bill, write “Conformity” in red at the top of the Minnesota Form M8X. For more details, see the Form M8 instructions. 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. Enclose, on a separate sheet of paper, a detailed explanation of why the original return was incorrect. Providing this information will help us verify the amended amounts. Do not staple or tape any enclosures to your return. 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 1–13 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. Continued 1 2022 Form M8X Instructions (Continued) 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. Column C: Enter the corrected amounts after the increases or decreases. If there are no changes, enter the amount from column A. Line 2 The Pass-through Entity (PTE) tax election may be made on a return filed on or before the extended due date of your original return. Complete and enclose an updated Schedule PTE if the reason you are amending caused a change in the PTE tax calculation. Line 14 Enter the total of the following tax amounts, whether or not paid: • amount from line 17 of your original M8 • any additional tax due from a previously filed M8X • 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 16 Enter the total of the following refund amounts: • from line 22 of your original M8, even if you have not yet received it • any refund amount from a previously filed form M8X • 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 18 and 23 Lines 18 and 23 should reflect the changes to your tax and/or credits as reported on lines 1 through 13 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 18 If line 17 is a negative amount, treat it as a positive amount and add it to line 11C. Enter the result on line 18. 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 19. Line 19 If only one of the penalties below applies, you must multiply line 18 by 10 percent (.10). If both penalties apply, multiply line 18 by 20 percent (.20). Enter the result on line 19. • 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 21 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 20 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: 2023 2021-22 2019-20 2017-18 2010-16 5% 3% 5% 4% 3% 2009 2007-08 2006 2004-05 2003 5% 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 22 Pay Electronically. Go to www.revenue.state.mn.us and log in to e-Services. When paying electronically, you cannot use a foreign bank account. Continued 2 2022 Form M8X Instructions (Continued) Pay by Check. Go to www.revenue.state.mn.us and select Make a Payment. Select Check. Use the Payment Voucher System to create a voucher. Your check authorizes us to make a one-time electronic fund transfer from your account. You will not receive your canceled check. Line 23 If you want your refund to be directly deposited into your bank account, complete line 24. Your You can find your bank’s routing number and bank statement will indicate when your refund was deposited to your account. Otherwise, skip account number on the bottom of your check. line 24 and your refund will be sent to you in the mail. This refund cannot be applied to your estimated tax account. Line 24 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. 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 24, 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. Check the box to authorize the department to discuss this return with the preparer. This authority allows us to discuss with your preparer these items from this return: line item details; tax due on original and adjustments made during processing; penalty or interest due; documents received or sent like a tax order or bill; and dates and amounts of payments, credits, or refunds. The authority also allows your preparer to cancel direct deposit or debit payments and submit an abatement request. The authority granted by a marked return checkbox is valid for one year after the due date for current original returns, or one year from the date the form was submitted for amended and noncurrent original returns. Checking the box does not give your preparer the authority to sign any tax documents on your behalf, represent you at any audit or appeals conference, or discuss abatement progress. For these types of authorities, you must file Form REV184b, Business Power of Attorney, with the department. 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 2022-minnesota-form-m8x.pdf, last modified October 2012

More about the Minnesota Form M8X Corporate Income Tax Amended Return TY 2022

We last updated the Amended S Corporation Return/Claim for Refund in February 2023, so this is the latest version of Form M8X, fully updated for tax year 2022. 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 M3-M3A Partnership Return
Form M8 S Corporation Return (M8 and M8A)
Form M4NP Unrelated Business Income Tax (UBIT) Return
Form MWR Reciprocity Exemption/Affidavit of Residency for Tax Year
Form KPI Partner's Share of Income, Credits and Modifications

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 2023.

Show Sources >

Form M8X is a Minnesota Corporate Income Tax form. An amended tax return is used to correct errors or omissions in a previously-filed tax return. While taxpayers will not generally be punished simply for correcting an error in a previous return, errors that resulted in an underpayment of owed tax can sometimes result in penalties or interest owed.

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 twelve 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:


2022 Form M8X

2022 M8X, Amended S Corporation Return/Claim for Refund

2021 Form M8X

2021 M8X, Amended S Corporation Return/Claim for Refund

2020 Form M8X

2019 M8X, Amended S Corporation Return/Claim for Refund

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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