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Minnesota Reconciliation
Extracted from PDF file 2023-minnesota-form-rec.pdf, last modified November 2020Reconciliation
*234611* 2023 REC, Reconciliation Use this schedule to reconcile the income reported on your federal consolidated return to the income reported on M4I, line 1a. From your federal consolidated return(s), list the parent corporation(s) and total federal taxable income before net operating loss deduction and special deductions (from federal Form 1120, line 28). Name FEIN Minnesota Tax ID Form 1120, Line 28 You must round amounts to nearest whole dollar. 1 Total the federal taxable income in Part 1 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1 From any federal return(s) not listed in Part 1, list the companies included in the unitary business. Name FEIN Minnesota Tax ID Form 1120, Line 28 2 Total the federal taxable income in Part 2 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2 3 Add lines 1 and 2 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3 List any companies included in the federal consolidated return(s) in Part 1 that are not included in the unitary business. Enter their portion of Form 1120, line 28. Attach an explanation for the exclusion. Name FEIN Minnesota Tax ID Form 1120, Line 28 4 Total the federal taxable income in Part 3 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4 5 Subtract line 4 from line 3 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 5 6 Amount reported on M4I, line 1a . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 6 7 Difference between line 5 and line 6 (explain each component amount below) . . . . . . . . . . . 7 9995
2023 REC, Reconciliation
More about the Minnesota Form REC Corporate Income Tax TY 2023
We last updated the Reconciliation in February 2024, so this is the latest version of Form REC, fully updated for tax year 2023. You can download or print current or past-year PDFs of Form REC 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 REC.
| Form Code | Form Name |
|---|---|
| Estimated Payment Record | Estimated Tax Payment Record |
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 REC from the Department of Revenue in February 2024.
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 REC
We have a total of thirteen past-year versions of Form REC in the TaxFormFinder archives, including for the previous tax year. Download past year versions of this tax form as PDFs here:
2023 Form REC
2023 REC, Reconciliation
2022 Form REC
2022 REC, Reconciliation
2021 Form REC
2021 Form REC, Reconciliation
2020 Form REC
2020 Form REC, Reconciliation
2019 Form REC
2019 Form REC, Reconciliation
2018 Form REC
2018 Form REC, Reconciliation
2017 Form REC
Form REC, Reconciliation
2016 Form REC
Form REC, Reconciliation
2015 Form REC
Form REC, Reconciliation
2014 Form REC
2011 REC, Reconciliation
2013 Form REC
2011 REC, Reconciliation
2012 Form REC
2011 REC, Reconciliation
2011 Form REC
2011 REC, Reconciliation
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