Minnesota Amended S Corporation Return/Claim for Refund

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

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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

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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

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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.

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