Form M2x - Amended Income Tax Return For Estates And Trusts - 2012 Page 4
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42012 Form M2X instructions (continued)
in your estimated tax account to pay this
Line 30
Lines 32–51
If you want your refund to be directly de-
If you enter a corrected amount in Column
amount. Continue with line 26.
posited into your bank account, complete
C of lines 32 through 51, you may be re-
Line 26
line 31. Your bank statement will indicate
quired to notify beneficiaries of any adjust-
If only one of the penalties below applies,
when your refund was deposited to your
ments to their income. Report the corrected
you must multiply line 25 by 10 percent
account. Otherwise, skip line 31 and your
information on a new Schedule KF, and
(.10). If both penalties apply, multiply line
refund will be sent to you in the mail.
check the “Amended KF” box toward the
24 by 20 percent (.20). Enter the result on
top of the schedule.
This refund cannot be applied to your esti-
line 26.
mated tax account.
• The IRS assessed a penalty for negli-
Signature
Line 31
gence or disregard of rules or regula-
The return must be signed by the fiduciary
tions, and/or
If you want your refund to be directly
or authorized officer of the organization re-
deposited into your checking or savings
• You failed to report federal changes
ceiving, controlling or managing the income
account, enter the routing and account
to the department within 180 days as
of the estate or trust. The person must also
numbers.
required.
include his or her ID number.
Line 28
If someone other than the fiduciary pre-
You can find your bank’s routing number and
Interest is calculated as simple interest and
account number on the bottom of your check.
pared the return, the preparer must also
accrues on unpaid tax and penalties from
sign. The preparer’s ID number and phone
the regular due date until it is paid in full.
number should also be included.
Use the formula below with the appropriate
You may check the box in the signature area
interest rate:
The routing number must have nine digits.
to give us your permission to discuss your
Interest = line 26 x number of days past
return with the paid preparer. This autho-
The account number may contain up to 17
the due date x interest rate ÷ 365
rization remains in effect until you notify
digits (both numbers and letters).
the department in writing (either by mail or
If the days fall in more than one calendar
If your account number contains less than
fax) that the authorization is revoked.
year, you must determine the number of
17 digits, enter the number and leave out
days separately for each year.
Checking the box does not give your pre-
any hyphens, spaces and symbols.
parer the authority to sign any tax docu-
The interest rate for 2013 is 3 percent.
If the routing or account number is incor-
ments on your behalf or to represent you at
Penalty will be assessed if the additional tax
rect or is not accepted by your financial
any audit or appeals conference. For these
and interest are not paid with the amended
institution, your refund will be sent to you
types of authorities, you must file a power of
return.
in the form of a paper check.
attorney, Form REV184.
Line 29
To pay the amount due electronically, go
to , and click
on “Login to e-File Minnesota” from the
e-Services menu. If you don’t have Internet
access, call 1-800-570-3329 to pay by phone.
If you are paying by check, you must
complete Form PV67 and mail it with your
Form M2X along with a check made pay-
able to Minnesota Revenue.
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