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Minnesota Corporation Franchise Tax Return (Forms M4, M4I, M4A and M4T)
Extracted from PDF file 2023-minnesota-form-m4.pdf, last modified September 2022Corporation Franchise Tax Return (Forms M4, M4I, M4A and M4T)
*234011* 2023 M4, Corporation Franchise Tax Return / Tax year beginning (MM/DD/YYYY) / and ending (MM/DD/YYYY) Name of Corporation/Designated Filer Do not use staples on anything you submit . / / FEIN Mailing Address Check if new address Minnesota Tax ID Number Business Activity Code (from federal) City State Former Name (if changed since 2022 return) Federal Consolidated Common Parent Name (if different) FEIN Check if filing a combined income return Check if reporting Tax Position Disclosure (Enclose Form TPD) Is this your final C corporation return? If yes, indicate if: Withdrawn Dissolved Merged ZIP Code Check if a member of the group (place an X in the boxes that apply): is claiming Public Law 86-272 S corp election is a Co-op is in Bankruptcy Has a federal examination been finalized? (list years) owns a captive insurance company Is a federal examination now in progress? (list years) Report changes to federal income tax within 180 days of final determination . If there is a change in tax, you must report it on Form M4X . Tax years and expiration date(s) of federal waivers: You must round amounts to nearest whole dollar 1 Minnesota tax liability (from M4T, line 28) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1 2 Minnesota Nongame Wildlife Fund donation (see instructions, pg. 6) . . . . . . . . . . . . . . . . 2 3 Add lines 1 and 2 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3 4 Enterprise Zone Credit (attach Enterprise Zone Credit Form) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4 5 Historic Structure Rehabilitation Credit (attach credit certificate) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 5 Enter National Park Service (NPS) project number: 6 Minnesota backup withholding . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .6 7 Amount credited from your 2022 return . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .7 8 Total corporate estimated tax payments made for 2023 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 8 9 2023 extension payment . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .9 10 Add lines 4 through 9 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1 0 11 Tax due . If line 3 is more than line 10, subtract line 10 from line 3 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 11 12 Penalty (see instructions, pg. 6 and 7) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 12 13 Interest (see instructions, pg. 7) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 13 14 Additional charge for underpayment of estimated tax (attach Schedule M15C) . . . . . . . . . . . . . . . . . . . . 14 9995 Continued next page 2023 M4, Page 2 *234021* Name of Corporation/Designated Filer FEIN Minnesota Tax ID 15 AMOUNT DUE. If you entered an amount on line 11, add lines 11 through 14 Payment Method: Electronic (see inst., pg. 3), or Check (see inst., pg. 3) . . . . . . . . . . . . . . . . 15 16 Overpayment . If line 10 is more than the sum of lines 3 and 12 through 14, subtract line 3 and 12 through line 14 from line 10 . If line 10 is less than the sum of lines 3 and 12 through 14, see instructions, pg. 7 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 16 17 Amount of line 16 to be credited to your 2024 estimated tax . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 17 18 REFUND. Subtract line 17 from line 16 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 18 If you have a refund, you must enter your banking information below. Account Type: Checking Savings Routing Number Account Number (use an account not associated with any foreign banks) I declare that this return is correct and complete to the best of my knowledge and belief. Authorized Signature Title / / Date (MM/DD/YYYY) Direct Phone Signature of Preparer PTIN / / Date (MM/DD/YYYY) Preparer’s Direct Phone Title Direct Phone Print name of person to contact within corporation to discuss this return Include a complete copy of your federal return including schedules as filed with the IRS. If you’re paying by check, see instructions, page 3. Mail to: Minnesota Department of Revenue Mail Station 1250 600 N . Robert St . St. Paul, MN 55146-1250 9995 I authorize the Minnesota Department of Revenue to discuss this tax return with the preparer . I do not want my paid preparer to file my return electronically . *234111* 2023 M4I, Income Calculation See instructions beginning on page 8. Name of Corporation/Designated Filer FEIN Minnesota Tax ID You must round amounts to nearest whole dollar 1 a . Federal taxable income before net operating loss deduction and special deductions (from federal Form 1120, line 28, or see inst., pg. 8) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1a b. Interest expense limitation for combined reports . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1b 2 Additions to income a. Federal deduction taken for taxes based on net income and minimum fee . . . . 2a b. Federal deduction for capital losses (IRC sections 1211 and 1212) . . . . . . . . . . .2b c . Interest income exempt from federal income tax . . . . . . . . . . . . . . . . . . . . . . . . . 2c d . Exempt interest dividends (IRC section 852[b][5]) . . . . . . . . . . . . . . . . . . . . . . . . 2d e. Losses from mining operations subject to occupation tax . . . . . . . . . . . . . . . . . . 2e f. Federal deduction for percentage depletion (IRC sections 611-614 and 291) . . 2f g. Federal bonus depreciation and suspended loss (IRC section 168[k]) . . . . . . . . . 2g h. This line intentionally left blank . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2h i. This line intentionally left blank . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2i j. This line intentionally left blank . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2j k . This line intentionally left blank . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2k Total additions (add lines 2a through 2k) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2 3 Total (add lines 1a, 1b, and 2) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3 9995 2023 M4I, Page 2 *234121* See instructions beginning on page 9. Name of Corporation/Designated Filer FEIN 4 Subtractions from income a . Refund of taxes based on net income included in federal taxable income . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4a b. Minnesota deduction for capital losses . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4b c . Certain federal credit expenses (see instructions, pg. 10; attach schedule) . . . . 4c d. Gross-up for foreign taxes deemed paid under IRC section 78 . . . . . . . . . . . . . . 4d e . Expenses relating to income taxable by Minnesota, but federally exempt . . . . . 4e f . Dividends paid by a bank to the U .S . government on preferred stock . . . . . . . . 4f g. Income/gains from mining operations subject to the occupation tax . . . . . . . . 4g h. Deduction for cost depletion . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4h i. Subtraction for prior bonus depreciation addback . . . . . . . . . . . . . . . . . . . . . . . 4i j. Subtraction for prior IRC section 179 addback . . . . . . . . . . . . . . . . . . . . . . . . . . . 4j k . Delayed business interest . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4k l. Deferred foreign income (Section 965) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4l m . Disallowed section 280E expenses of a licensed cannabis business . . . . . . . . . . 4m n. This line intentionally left blank . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4n o . This line intentionally left blank . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4o p . This line intentionally left blank . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4p q . This line intentionally left blank . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4q r . This line intentionally left blank . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4r Total subtractions (add lines 4a through 4r) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4 5 Intercompany eliminations (attach schedule) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 5 6 Add lines 4 and 5 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 6 7 Minnesota net income (subtract line 6 from line 3) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 7 8 Total nonapportionable income (see instructions, pg. 11; attach schedule) . . . . . . . . . . . . . . . . . . . . . . . . 8 9 Minnesota apportionable income (subtract line 8 from line 7). Enter on Form M4T, line 1 . . . . . . . . . . . 9 9995 Minnesota Tax ID *234211* 2023 M4A, Apportionment/Fee Calculation B1 B2 B3 Single/Designated Filer Corporation Name FEIN Minnesota Tax ID A Total in and outside Minnesota In Minnesota In Minnesota In Minnesota 1 Average inventory . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . a1 2 Average tangible property and land owned/used (at original cost) . . . . . . . . . . . . . . . . . . . . . . . a2 b1 c1 b2 c2 3 Capitalized rents (gross rents x 8) . . . . . . . . . . . . . . . . . . . . . . . . . a3 b3 c3 4 Total property (add lines 1, 2 and 3) . . . . . . . . . . . . . . . . . . . . . . a4 b4 c4 5 Payroll/officer’s compensation . . . . . . . . . . . . . . . . . . . . . . . . . . . a5 b5 c5 6 MN sales or receipts . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . a6 b6 c6 7 MN sales of non-filing entities (see instructions pg. 12) . . . . . . . a7 b7 c7 b8 c8 b9 c9 MINIMUM FEE CALCULATION (see inst., pg. 13) 10 Adjustments (see inst., pg. 13 and 14; attach schedule) . . . .a10 b10 c10 11 Add lines 4, 5, 8 and 10 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .a11 b11 c11 12 Minimum fee (see table below) . . . . . . . . . . . . . . . . . . . . . . . .a12 Enter amounts on Form M4T, line 17. b12 c12 8 Sales or receipts (add lines 6 and 7) (Financial institutions: see inst., pg. 14) .8 a8 9 Minnesota apportionment factor (divide each line 8B amount by line 8A; carry to six decimal places) . . . . . . . a9 Enter amounts on Form M4T, line 2. Minimum Fee Table If the amount on line 11 is: less than $1,160,000 . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1,160,000 to $2,309,999 . . . . . . . . . . . . . . . . . . . . . . $2,310,000 to $11,569,999 . . . . . . . . . . . . . . . . . . $11,570,000 to $23,139,999 . . . . . . . . . . . . . . . . $23,140,000 to $46,279,999 . . . . . . . . . . . . . . . . $46,280,000 or more . . . . . . . . . . . . . . . . . . . . . . . . . . . . Enter this amount on line 12: $0 $240 $690 $2,310 $4,640 $11,570 9995 *234311* 2023 M4T, Tax Calculation B1 B2 Single/designated filer B3 Corporation Name FEIN Minnesota Tax ID 1 Minnesota apportionable income (enter amount from M4I, line 9, in each column) . . . . . . . . . . a1 b1 c1 b2 c2 b3 c3 2 Apportionment factor (from M4A, line 9) . . . . . . . . . . . . . . . . a2 3 Net income apportioned to Minnesota (multiply line 1 by line 2) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . a3 4a Minnesota nonapportionable income (see inst., pg. 15; attach schedule) . . . . . . . . . . . . . . . . . . . . . a4a 4b Minnesota nonunitary partnership income (see inst., pg. 15; attach schedule) . . . . . . . . . . . . . . . . . . . . . a4b b4a c4a b4b c4b 5 Taxable net income (add lines 3, 4a, and 4b) . . . . . . . . . . . . . . a5 b5 c5 6 Net operating loss deduction (from NOL) . . . . . . . . . . . . . . . . a6 b6 c6 7 Subtract line 6 from line 5 . . . . . . . . . . . . . . . . . . . . . . . . . . . . a7 b7 c7 8 Deduction for dividends received (see inst., pg. 15) . . . . . . . . . a8 b8 c8 9 Taxable income (subtract line 8 from line 7) . . . . . . . . . . . . . . a9 10 Regular tax (multiply line 9 by 0.098; if result is zero or less, leave blank) . . . . . . . . . . . . . . . . . . . . a10 b9 c9 b10 c10 11 Alternative minimum tax (AMT) (from AMTT, line 10) . . . . . a11 b11 c11 12 Add lines 10 and 11 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . a12 b12 c12 13 AMT credit (from AMTT, line 13) . . . . . . . . . . . . . . . . . . . . . . . a13 b13 c13 14 Housing Tax Credit . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . a14 b14 c14 15 Short Line Railroad Infrastructure Modernization Credit . . . a15 16 Credit for Sales of Manufactured Home Parks to Cooperatives . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . a16 b15 c15 b16 c16 17 Subtract lines 13 through 16 from line 12 . . . . . . . . . . . . . . . a17 18 Minnesota credit for increasing research activities (from RD, line 45) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . a18 b17 c17 b18 c18 19 Subtract line 18 from line 17 . . . . . . . . . . . . . . . . . . . . . . . . . . a19 b19 c19 20 Minimum fee (from M4A, line 12) . . . . . . . . . . . . . . . . . . . . . . a20 b20 c20 21 Tax liability by corporation (add lines 19 and 20) . . . . . . . . . a21 b21 c21 Enter the credit certificate number from Minnesota Housing: SHTC - 9995 - Continued next page 2023 M4T, Page 2 *234321* B1 B2 Single/designated filer B3 Corporation Name FEIN Minnesota Tax ID 22 Film Production Tax Credit . . . . . . . . . . . . . . . . . . . . . . . . . . . . a22 b22 c22 23 Tax Credit for Owners of Agricultural Assets (see inst.) . . . . . a23 b23 c23 24 Employer Transit Pass Credit (from ETP, line 4) . . . . . . . . . . . a24 b24 c24 25 LIFO Recapture Tax Deferral . . . . . . . . . . . . . . . . . . . . . . . . . . a25 b25 c25 26 Add lines 22, 23, 24, and 25 . . . . . . . . . . . . . . . . . . . . . . . . . . a26 b26 c26 27 Subtract line 26 from line 21 . . . . . . . . . . . . . . . . . . . . . . . . . . a27 b27 c27 Enter the credit certificate number: TAXC - 28 Add all amounts on line 27. This is your MINNESOTA TAX LIABILITY Enter on Form M4, line 1. 9995 28
2023 M4, Corporation Franchise Tax Return
More about the Minnesota Form M4 Corporate Income Tax Tax Return TY 2023
We last updated the Corporation Franchise Tax Return (Forms M4, M4I, M4A and M4T) in February 2024, so this is the latest version of Form M4, fully updated for tax year 2023. You can download or print current or past-year PDFs of Form M4 directly from TaxFormFinder. You can print other Minnesota tax forms here.
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File Now with TurboTaxRelated Minnesota Corporate Income Tax Forms:
TaxFormFinder has an additional 95 Minnesota income tax forms that you may need, plus all federal income tax forms. These related forms may also be needed with the Minnesota Form M4.
| Form Code | Form Name |
|---|---|
| Form M4NP | Unrelated Business Income Tax (UBIT) Return |
| Form M4 Instructions | Corporation Franchise Tax Return (M4) Instructions |
| Form M4NP Instructions | Unrelated Business Income Tax (UBIT) Return Instructions |
| Form M4R | Minnesota Business Activity Report |
| Form M4NC | Federal Adjustments (Corporation) |
| Form M4NP NOL | Net Operating Loss Deduction (M4NP) |
| Form M4X | Amended Franchise Tax Return/Claim for Refund |
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 M4 from the Department of Revenue in February 2024.
Form M4 is a Minnesota Corporate Income Tax form. Like the Federal Form 1040, states each provide a core tax return form on which most high-level income and tax calculations are performed. While some taxpayers with simple returns can complete their entire tax return on this single form, in most cases various other additional schedules and forms must be completed, depending on the taxpayer's individual situation, to create a complete income tax return package.
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 M4
We have a total of twelve past-year versions of Form M4 in the TaxFormFinder archives, including for the previous tax year. Download past year versions of this tax form as PDFs here:
2023 Form M4
2023 M4, Corporation Franchise Tax Return
2022 Form M4
2022 M4, Corporation Franchise Tax Return
2021 Form M4
2021 M4, Corporation Franchise Tax Return
2020 Form M4
2020 M4, Corporation Franchise Tax Return
2019 Form M4
2019 M4, Corporation Franchise Tax Return
2018 Form M4
2018 M4, Corporation Franchise Tax Return
2017 Form M4
2016 M4, Corporation Franchise Tax Return
2016 Form M4
2016 M4, Corporation Franchise Tax Return
2015 Form M4
2014 M4, Corporation Franchise Tax Return
2014 Form M4
2011 M4, Corporation Franchise Tax Return
2013 Form M4
2011 M4, Corporation Franchise Tax Return
2011 Form M4
2011 M4, Corporation Franchise Tax Return
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