Minnesota Minnesota Business Activity Report

Minnesota Business Activity Report
2023 M4R, Minnesota Business Activity Report
2023 M4R, Minnesota Business Activity Report

Corporations are required to file Form M4R if they obtain any business from within Minnesota during the tax year. If you are registered with the Minnesota
Secretary of State’s Office to do business in this state, you are not required to file Form M4R.
For Calendar Year	

Or fiscal year (enter beginning/ending dates)
Begins	

Ends

Name of Corporation			

FEIN		

Minnesota Tax ID

Mailing Address			

Are you a member of a
unitary business?

Do you make retail
sales in Minnesota?

City	

State	

ZIP Code	

Yes

Principal Office in Minnesota			

Principal Type of Business

Street Address			

Principal Product or Service

City	

State	

ZIP Code	

Yes

No

No

Amount of Minnesota Sales (wholesale or retail) or Receipts
$

Offices and other places of business in Minnesota. (Attach additional sheets if you need more room.)
Location	

Nature of Activity

Officers, employees, agents and representatives with activity in Minnesota.
(Attach a brief job description for each officer and class of employee.)
Title	

Number of Persons

On a separate sheet, explain all “yes” answers below in detail. During the period covered by the report, did the corporation:
Yes	
	1	 Own or lease tangible or intangible personal property or real property in Minnesota?
1
	2	 Employ or own any other assets in Minnesota? 	

2

	3	 Own or consign any merchandise located in Minnesota? 	

3

	4	 Own assets located in Minnesota that are leased to others? 	

4

	5	 Perform or contract any training, installation or repair work in Minnesota? 	

5

No

	6	 Perform or contract any warranty work in Minnesota?
6
	7	 Derive any revenues from services performed by employees or entities
for persons or businesses located in Minnesota?
7
	8	 Derive income from any source within Minnesota, including income from activities
conducted by subsidiaries, affiliated entities or partnerships?
8
I certify that this report, including any accompanying material, is true, correct and complete to the best of my knowledge and belief.
Signature	

Title	

Date	

Direct Phone

Signature of Preparer 	

PTIN	

Date	

Direct Phone

Mail to: Minnesota Department of Revenue, Mail Station 5130, 600 N. Robert St., St. Paul, MN 55146-5130

9995

2023 Form M4R Instructions
Filing Requirements

Corporations are required to file Form M4R, Minnesota Business Activity Report, with the Minnesota Department of Revenue if they obtain
any business from within Minnesota during the calendar or fiscal accounting year. If you are registered with the Minnesota Secretary of
State’s Office to do business in this state, you are not required to file Form M4R. See the “Exemptions” and “Exempt activities” sections
below for additional exceptions to this requirement.
Business obtained from within Minnesota includes:
• sales of products or services to Minnesota customers who receive the product or service in Minnesota
• sales of services that are performed outside Minnesota, the benefits of which are consumed in Minnesota
• transactions with Minnesota customers that involve intangible property and result in income flowing to the corporation from within
Minnesota
• leases of tangible personal property located in Minnesota;
• sales and leases of Minnesota real estate
• deposits made to financial institutions by Minnesota customers
Exemptions. You do not have to file Form M4R if:
• you have received a certificate of authority to do business in Minnesota from the Secretary of State by the end of the accounting period for
which you would have had to file the report
• your corporation is an insurance company other than a disqualified captive insurance company
• you are exempt from taxation under Subchapter F of the Internal Revenue Code
• your corporation is a mining business and subject to Minnesota’s occupation tax
• you have filed a timely tax return
Exempt activities. You are not required to file this report if your activities in Minnesota relate solely to your ownership of an interest in the
following:
•
•
•
•
•
•

real estate mortgage investment conduits
real estate investment trusts
regulated investment companies
securitized loans
secondary loan market assets
property acquired in satisfaction of a default on a secondary loan market asset, provided the property is disposed of in a reasonable time

Exempt activities related to the above types of property include contacts with Minnesota reasonably required to:
• evaluate and complete the acquisition or disposition of the property
• service the property or collect income from the property
• acquire or liquidate collateral relating to the property
Secondary loan market assets consist of interest in the following assets in which the obligations are solicited and entered into by persons
independent of and not acting on behalf of your corporation:
•
•
•
•
•

lease financing receivables
loans secured by real or tangible personal property
commercial or consumer loans and installment obligations
credit card or merchant discount receivables
securities or money market instruments

The exemption for secondary loan market assets does not apply to a member of a unitary business that acquires the asset from another
member of the unitary business.

Due Date

You must file Form M4R each year by the 15th day of the fourth month after the close of your calendar or fiscal accounting year.

Penalties

If you do not file Form M4R, you will lose your right under Minnesota law to file a lawsuit, except for lawsuits related to your Minnesota tax
liability.
You will not be able to use the courts (except for activities or property described under “Exempt activities”) to enforce contracts or to settle
lawsuits that arise before the end of the last accounting period for which you fail to file a timely report.
You will be allowed to continue any lawsuits if you pay all taxes, interest and civil penalties due, or if you provide for them by posting a
security bond with the Department of Revenue.
Continued	

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2023 Form M4R Instructions (Continued)
The Department of Revenue may disclose to litigants if a Business Activities Report has been filed by a party to a lawsuit.

Minnesota Tax ID Number

The Minnesota Tax ID number is the seven-digit number assigned by the Department of Revenue. It is the same as your Minnesota Sales and
Use Tax number or your Minnesota employer’s withholding tax number.
If you do not have a Minnesota Tax ID and do not need to file sales, use or withholding tax in Minnesota, leave this space blank.

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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