Form M2x - Amended Income Tax Return For Estates And Trusts - 2012 Page 3
Download a blank fillable Form M2x - Amended Income Tax Return For Estates And Trusts - 2012 in PDF format just by clicking the "DOWNLOAD PDF" button.
Open the file in any PDF-viewing software. Adobe Reader or any alternative for Windows or MacOS are required to access and complete fillable content.
Complete Form M2x - Amended Income Tax Return For Estates And Trusts - 2012 with your personal data - all interactive fields are highlighted in places where you should type, access drop-down lists or select multiple-choice options.
Some fillable PDF-files have the option of saving the completed form that contains your own data for later use or sending it out straight away.
ADVERTISEMENT
1
2
3
4Instructions for 2012 Form M2X
For additional information, refer to the 2012 Form M2 instructions
Who Should File M2X?
If someone other than the fiduciary pre-
Line 21
pared the return, the preparer must also
Enter the total of the following tax amounts,
This form should be filed by fiduciaries to
whether or not paid:
sign.
correct—or amend—an original 2012 Min-
• amount from line 16 of your original year
nesota fiduciary return.
Round amounts to the nearest dollar.
2012 or 2011 M2, or line 14 of your year
Drop amounts less than 50 cents and in-
Federal return adjustments. If the Inter-
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 affects your Minnesota
Forms and information are available on
a 2011 or 2012 M2X, and
return or distributions to beneficiaries, you
our website at
• additional tax due as the result of an audit
have 180 days to file an amended Minnesota
or notice of change.
If you need help completing your amended
return. If you are filing Form M2X based
return, call 651-556-3075. TTY: Call 711 for
Do not include any amounts that were paid
on an IRS adjustment, be sure to check the
Minnesota Relay. We’ll provide information
for penalty, interest or underpayment of
box in the heading and attach to your Form
in other formats upon request.
estimated tax.
M2X a complete copy of your amended
federal return or the correction notice you
Line 23
Explanation
received from the IRS.
Enter the total of the following refund
On the back of Form M2X, include a de-
amounts:
If the changes do not affect your Minnesota
tailed explanation of why the original return
return or Schedules K-1, you have 180 days
• amount from line 21 of your original
was incorrect. Providing this information
to send a letter of explanation to the depart-
2012 or 2011 M2, line 19 of your original
will help us verify the amended amounts.
ment. Send your letter and a complete
2010 or prior year M2, even if you have
copy of your amended federal return or the
Use of Information
not received it,
correction notice you received from the IRS
• amount from line 27 of a 2009 or earlier
All information provided on this form is
to: Minnesota Fiduciary Tax, Mail Station
or line 28 of a 2010 or line 30 of a 2011 or
private, except for your Minnesota tax ID
5140, St. Paul, MN 55146-5140.
2012 previously filed M2X, and
number, which is public. Private informa-
• refund or reduction in tax from a protest
tion cannot be given to others except as
If you fail to report as required, a 10 percent
provided by state law.
or other type of audit adjustment.
penalty will be assessed on any additional
tax. See line 24 instructions.
The identity and income information of the
Include any amount that was credited to es-
beneficiaries are required under state law so
timated tax or applied to pay past due taxes.
Claim for refund. Use Form M2X to make
the department can determine the benefi-
a claim for refund and report changes to
Do not include any interest that may have
ciaries’ correct Minnesota taxable income
your Minnesota liability. If you make a
been included in the refunds you received.
and verify if the beneficiaries have filed
claim for a refund and we do not act on it
returns and paid the tax. The Social Security
If the refund amount on your original
within six months of the date filed, you may
numbers of the beneficiaries are required
return was reduced by an additional charge
bring an action in the district court or the
to be reported on Schedule KF under M.S.
for underpaying estimated tax (2010 or
tax court.
289A.12, subd. 13.
prior year M2, line 17, 2011 or 2012 M2,
line 19) add the amount from this line to
When to File
Lines 1–20 and 32–48
the amount reflected on the 2010 or prior
File Form M2X only after you have
Form M2, line 19, or 2011 or 2012 Form
Columns A, B, C
filed your original return. You may file
M2, line 21, when figuring the amount to
Column A: Enter the amounts shown on
Form M2X within 3½ years after the return
enter on Form M2X, line 23.
your original return or as later adjusted by
was due or within one year from the date
Lines 25 and 30
an amended return or audit report.
of an order assessing tax, whichever is later.
Lines 25 and 30 should reflect the changes
If you filed your original return under an
Column B: Enter the dollar amount of each
to your tax and/or credits as reported on
extension by the extended due date, you
change as an increase or decrease for each
lines 1 through 20 of Form M2X. If you
have up to 3½ years from the extended due
line you are changing. Show all decreases
have unpaid taxes on your original Form
date to file the amended return.
in parentheses. On the back of Form M2X,
M2, this amended return is not intended to
explain the changes in detail. If the changes
show your corrected balance due.
Filing Reminders
involve items requiring supporting informa-
Line 25
The amended return must be signed by the
tion, attach to Form M2X the appropriate
If line 24 is a negative amount, treat it as a
fiduciary or authorized officer of the orga-
schedule, statement or form to verify the
positive amount and add it to line 14C. En-
nization receiving, controlling or managing
corrected amount.
ter the result on line 25. This is the amount
the income of the estate or trust. The person
Column C: Enter the corrected amounts af-
you owe, which is due when you file your
must also include his or her ID number.
ter the increases or decreases. If there are no
amended return. You cannot use any funds
changes, enter the amount from column A.
Continued
ADVERTISEMENT
0 votes
Related Articles
Related forms
Related Categories
Parent category: Financial