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Minnesota Free Printable 2023 M8, S Corporation Return for 2024 Minnesota S Corporation Return (M8 and M8A)

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S Corporation Return (M8 and M8A)
2023 M8, S Corporation Return

*238011* 2023 M8, S Corporation Return Tax year beginning (MM/DD/YYYY) / Do not use staples on anyting you submit. / Name of Corporation Mailing Address / and ending (MM/DD/YYYY) / Federal ID Number Minnesota Tax ID Former name, if changed since 2022 return: Check if New Address City State ZIP Code Number of Schedule KS Number of Shareholders Place an X in all that apply: Qualified Subchapter S Subsidiary Initial Return Composite Income Tax Financial Institution Public Law 86-272 Pass-through Entity (PTE) Tax Tax Position Disclosure (Enclose Form TPD) Final Return Installment Sale of Passthrough Assets or Interests 1 S corporation taxes (place an X in all that apply): Federal Schedule D taxes Passive income Round amounts to nearest whole dollar (enclose computation) LIFO recapture . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1 2 Minimum fee from M8A, line 9 (see M8A instructions, pg. 9) . . . . . . . . . . . . . . 2 (enclose M8A) 3 Pass-through Entity Tax . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3 (enclose Schedule PTE) 4 Composite income tax for nonresident shareholders . . . . . . . . . . . . . . . . . . . . 4 5 Minnesota income tax withheld for nonresident shareholders. If you received Form AWC from a shareholder, check box: 5 (enclose Schedules KS) (enclose Forms AWC) 6 Add lines 1 through 5. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 6 7 Employer Transit Pass Credit not passed through to shareholders (enclose Schedule ETP) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 7 8 Film Production Tax Credit. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 8 Enter the credit certificate number: TAXC 9 Tax Credit for Owners of Agricultural Assets not passed through to shareholders .............................................................................................9 Enter the certificate number from the certificate you received from the Rural Finance Authority: AO 10 Housing Tax Credit . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10 Enter the credit certificate number from Minnesota Housing: SHTC - - 11 Short Line Railroad Infrastructure Modernization Credit . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 11 12 Credit for Sales of Manufactured Home Parks to Cooperatives . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 12 13 Add lines 7 through 12, limited to the sum of lines 1 and 2 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 13 9995 Continued next page 2023 M8, page 2 *238021* Name of Corporation Federal ID Number Minnesota Tax ID Round amounts to nearest whole dollar 14 Subtract line 13 from line 6 (if result is zero or less, leave blank) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 14 15 Minnesota Nongame Wildlife Fund donation (see instructions, pg. 6). This will reduce your refund or increase your tax . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 15 16 Add lines 14 and 15 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 16 17 Enterprise Zone Credit not passed through to shareholders (enclose Schedule EPC) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 17 18 Estimated tax and/or extension payments made for 2023 . . . . . . . . . . . . . . . 18 19 Add lines 17 and 18 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 19 20 Tax due. If line 16 is more than line 19, subtract line 19 from line 16 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 20 21 Penalty (see instructions, pg. 6) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 21 22 Interest (see instructions, pg. 7) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 22 23 Additional charge for underpayment of estimated tax (attach Schedule EST) . . . . . . . . . . . . . . . . . . . . . . . . . . . . 23 24 AMOUNT DUE. If you entered an amount on line 20, add lines 20 through 23 . . . . . . . . . . . . . . . . . . . . . . . . . . . 24 Payment method: Electronic (see inst., pg. 2), or Check (see inst., pg. 2) 25 Overpayment. If line 19 is more than the sum of lines 16 and 21 through 23, subtract lines 16 and 21 through 23 from line 19 . . . . . . . . . . . . 25 26 Amount of line 25 to be credited to your 2024 estimated tax . . . . . . . . . . . . . 26 27 REFUND. Subtract line 26 from line 25 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 27 28 To have your refund direct deposited, enter the following. Otherwise, you will receive a check. 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 Paid Preparer’s Signature / / Date (MM/DD/YYYY) Preparer’s PTIN Include a complete copy of federal Form 1120S, Schedules K and K-1, and other federal schedules Mail to: Minnesota S Corporation Income Tax Mail Station 1770 600 N. Robert St. St. Paul, MN 55146-1770 9995 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. I do not want my paid preparer to file my return electronically. *238111* 2023 M8A, Apportionment and Minimum Fee All S corporations must complete M8A to determine its Minnesota source income and minimum fee. See M8A instructions beginning on page 9. Enclose a copy of your balance sheet. A In Minn. B Total (carry to 5 decimal places) C Factors (A ÷ B) Property 1 a Average value of inventory . . . . . . . . . . 1a b Average value of buildings, machinery and other tangible property owned . . . 1b c Average value of land owned . . . . . . . . 1c Total average value of tangible property owned at original cost (add lines 1a-1c) . . . . . . 1 2 Capitalized rents paid by S corporation (gross rents paid x 8) . . . . . . . . . . . . . . . . . . . 2 3 Add lines 1 and 2 . . . . . . . . . . . . . . . . . . . . . . 3 Payroll 4 Total payroll, including officers’ compensation. . . . . . . . . . . . . . . . . . . . . . . . . . 4 Sales 5 Sales (including rents received) . . . . . . . . . . . 5 (If line 5, column B is zero, see instructions, page 9.) Minimum Fee Calculation 6 Total of lines 3, 4 and 5 in column A . . . . . . . 6 7 Adjustments (see instructions, page 10) . . . . 7 (Identify pass-through entity and enclose schedule.) 8 Combine lines 6 and 7 . . . . . . . . . . . . . . . . . . 8 9 Minimum fee (determine using the amount on line 8 and the table below) . . . . . . . . . . . . 9 Enter this amount on line 2 of your Form M8. Minimum Fee Table If line 8 of M8A is: your minimum fee is: Less than $1,160,000 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $0 $1,160,000 to $2,309,999 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $240 $2,310,000 to $11,569,999 . . . . . . . . . . . . . . . . . . . . . . . . . . . . $690 $11,570,000 to $23,139,999 . . . . . . . . . . . . . . . . . . . . . . . . . . $2,310 $23,140,000 to $46,279,999 . . . . . . . . . . . . . . . . . . . . . . . . . . $4,640 $46,280,000 or more . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $11,570 9995
Extracted from PDF file 2023-minnesota-form-m8.pdf, last modified December 2012

More about the Minnesota Form M8 Corporate Income Tax Tax Return TY 2023

Corporations doing business in Minnesota that have elected to be taxed as S corporations under IRC section 1362 must file Form M8.

We last updated the S Corporation Return (M8 and M8A) in January 2024, so this is the latest version of Form M8, fully updated for tax year 2023. You can download or print current or past-year PDFs of Form M8 directly from TaxFormFinder. You can print other Minnesota tax forms here.

Related 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 M8.

Form Code Form Name
Form M8 Instructions S Corporation Form M8 Instructions
Form M8X Amended S Corporation Return/Claim for Refund

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 M8 from the Department of Revenue in January 2024.

Show Sources >

Form M8 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 M8

We have a total of twelve past-year versions of Form M8 in the TaxFormFinder archives, including for the previous tax year. Download past year versions of this tax form as PDFs here:


2023 Form M8

2023 M8, S Corporation Return

2022 Form M8

2022 M8, S Corporation Return

2021 Form M8

2021 S Corporation Form M8 Instructions

2020 Form M8

2019 M8, S Corporation Return

2019 Form M8

2019 S Corporation Return

2018 Form M8

2011 M8, S Corporation Return

2017 Form M8

2011 M8, S Corporation Return

2016 Form M8

2011 M8, S Corporation Return

2015 Form M8

2011 M8, S Corporation Return

S Corporation Return (M8 and M8A) 2014 Form M8

2011 M8, S Corporation Return

2013 S Corporation Return 2013 Form M8

2011 M8, S Corporation Return

2011 Form M8

2011 M8, S Corporation Return


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