Form M2x - Minnesota Amended Income Tax Return For Estates And Trusts - 2014 Page 3
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4Instructions for 2014 Form M2X
For additional information, refer to the 2014 Form M2 instructions
Who Should File M2X?
Line 20
If someone other than the fi duciary pre-
Enter the total of the following tax amounts,
pared the return, the preparer must also
Th is form should be fi led by fi duciaries to
whether or not paid:
sign.
correct—or amend—an original 2014 Min-
• amount from line 16 of your original year
nesota fi duciary return.
Round amounts to the nearest dollar.
2014, 2013, 2012, or 2011 M2, or line 14
Drop amounts less than 50 cents and in-
Federal return adjustments. If the Inter-
of your year 2010 or earlier original M2,
crease amounts 50 cents or more to the next
nal Revenue Service (IRS) changes or audits
• amount from line 22 of a 2009 or earlier
higher dollar.
your federal return or you amend your
M2X, line 23 of a 2010 M2X, or line 24 of
federal return and it aff ects your Minnesota
Forms and information are available on
a 2011, 2012, or 2013 M2X or line 23 of a
return or distributions to benefi ciaries, you
our website at
previously fi led 2014 M2X, and
have 180 days to fi le an amended Minnesota
• additional tax due as the result of an audit
If you need help completing your amended
return. If you are fi ling Form M2X based
or notice of change.
return, call 651-556-3075. TTY: Call 711 for
on an IRS adjustment, be sure to check the
Minnesota Relay. We’ll provide information
Do not include any amounts that were paid
box in the heading and attach to your Form
in other formats upon request.
for penalty, interest or underpayment of
M2X a complete copy of your amended
estimated tax.
federal return or the correction notice you
Explanation
received from the IRS.
Line 22
On the back of Form M2X, include a de-
Enter the total of the following refund
If the changes do not aff ect your Minnesota
tailed explanation of why the original return
amounts:
return or Schedules K-1, you have 180 days
was incorrect. Providing this information
to send a letter of explanation to the depart-
• amount from line 20 of your original
will help us verify the amended amounts.
ment. Send your letter and a complete
2014 M2, line 21 of your original 2013,
copy of your amended federal return or the
Use of Information
2012, or 2011 M2, line 19 of your original
correction notice you received from the IRS
2010 or prior year M2, even if you have
All information provided on this form is
to: Minnesota Fiduciary Tax, Mail Station
not received it,
private, except for your Minnesota tax ID
5140, St. Paul, MN 55146-5140.
• amount from line 27 of a 2009 or earlier
number, which is public. Private informa-
or line 28 of a 2010 or line 30 of a 2011,
tion cannot be given to others except as
If you fail to report as required, a 10 percent
provided by state law.
2012, or 2013 or line 29 of a 2014 previ-
penalty will be assessed on any additional
ously fi led M2X, and
tax. See line 24 instructions.
Th e identity and income information of the
• refund or reduction in tax from a protest
benefi ciaries are required under state law so
Claim for refund. Use Form M2X to make
or other type of audit adjustment.
the department can determine the benefi -
a claim for refund and report changes to
ciaries’ correct Minnesota taxable income
Include any amount that was credited to es-
your Minnesota liability. If you make a
and verify if the benefi ciaries have fi led
timated tax or applied to pay past due taxes.
claim for a refund and we do not act on it
returns and paid the tax. Th e Social Security
within six months of the date fi led, you may
Do not include any interest that may have
numbers of the benefi ciaries are required
bring an action in the district court or the
been included in the refunds you received.
to be reported on Schedule KF under M.S.
tax court.
289A.12, subd. 13.
If the refund amount on your original
return was reduced by an additional charge
When to File
Lines 1–19 and 31–49
for underpaying estimated tax (2010 or
File Form M2X only aft er you have
Columns A, B, C
prior year M2, line 17, 2011, 2012, 2013, or
fi led your original return. You may fi le
2014 M2, line 19) add the amount from this
Column A: Enter the amounts shown on
Form M2X within 3½ years aft er the return
line to the amount refl ected on the 2010
your original return or as later adjusted by
was due or within one year from the date
or prior Form M2, line 19, or 2011, 2012,
an amended return or audit report.
of an order assessing tax, whichever is later.
2013, or 2014 Form M2, line 21, when fi gur-
If you fi led your original return under an
ing the amount to enter on Form M2X, line
Column B: Enter the dollar amount of each
extension by the extended due date, you
22.
change as an increase or decrease for each
have up to 3½ years from the extended due
line you are changing. Show all decreases
Lines 24 and 29
date to fi le the amended return.
in parentheses. On the back of Form M2X,
Lines 24 and 29 should refl ect the changes
explain the changes in detail. If the changes
to your tax and/or credits as reported on
Filing Reminders
involve items requiring supporting informa-
lines 1 through 19 of Form M2X. If you
Th e amended return must be signed by the
tion, attach to Form M2X the appropriate
have unpaid taxes on your original Form
fi duciary or authorized offi cer of the orga-
schedule, statement or form to verify the
M2, this amended return is not intended to
nization receiving, controlling or managing
corrected amount.
show your corrected balance due.
the income of the estate or trust. Th e person
Column C: Enter the corrected amounts af-
must also include his or her ID number.
ter the increases or decreases. If there are no
changes, enter the amount from column A.
Continued
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