Minnesota Form M30 – Fill Out and Use This PDF

Name of company

Minnesota tax ID

FEIN

Street

City

County

State

Zip code

Has a federal examination been finalized? (list years)

Report changes to federal income tax

Is a federal examination now in progress? (list years)

within 180 days of final determination.

If there is a change in tax, you must

Tax years and expiration date(s) of federal waivers:

report it on Form M30X.

1

Minnesota tax liability (from M30-T, line 12)

. . .

. . . . . . . . . . . . . . . . . .

. 1

2

Minnesota Endangered Resource Partnership Donation (see instructions, page 3) . . . .

2

3

Add lines 1 and 2

. . . . . . . . . . . . . . . . . .

. 3

4

Amount credited from your 2004 return

4

5

. .Extension payment

. 5

6

Add lines 4 and 5

. . . . . . . . . . . . . . . . . .

. 6

7

Subtract line 6 from line 3

. . . . . . . . . . . . . . . . . .

. 7

8

Penalty (see instructions, page 3)

. . .

. . . . . . . . . . . . . . . . . .

. 8

9

Interest (see instructions, page 3)

. . .

. . . . . . . . . . . . . . . . . .

. 9

10

AMOUNT DUE or OVERPAID

Add lines 7, 8 and 9 (if less than zero, also enter on line 12) . .

. . .

. . . . . . . . . . . . . . . . . .

10

11

Payment made with this return

. . .

. . . . . . . . . . . . . . . . . .

11

12

Overpayment

12

1 3

. .Amount of line 12 to be credited to your 2006 tax

1 3

14

. . .Refund (subtract line 13 from line 12)

14

Authorized signature

Title

Date

Daytime phone

I authorize the

(

)

Minnesota

Signature of preparer

Minnesota tax ID, SSN or PTIN

Date

Daytime phone

Department of

(

)

Revenue to

discuss this

Print name of person to contact within company to discuss this return

Title

Daytime phone

tax return with

(

)

the preparer.

3

Gross profit (subtract line 2 from line 1)

. . . .

. . . . . . . . . . . . . . . . . .

3

4

Net gain or loss (see instructions)

. . . .

. . . . . . . . . . . . . . . . . .

4

5

Other adjustments (see instructions)

. . . .

. . . . . . . . . . . . . . . . . .

5

6

Total income (add lines 3, 4 and 5)

. . . .

. . . . . . . . . . . . . . . . . .

6

7

Salaries and wages

. . . .

. . . . . . . . . . . . . . . .

7. . . .

8

Repairs

. . . .

. . . . . . . . . . . . . . . .

8. . . .

9

Rents and leases

. . . .

. . . . . . . . . . . . . . . .

9. . . .

10

Royalties

. . . .

. . . . . . . . . . . . . . . .

10. . .

11

Taxes

. . . .

. . . . . . . . . . . . . . . .

11. . .

12

Interest

. . . .

. . . . . . . . . . . . . . . .

12. . .

13

Depreciation (see instructions)

13

14

Less depreciation on Schedule A or elsewhere on return

14a

14b

1 5

Eighty percent of federal bonus depreciation

. . . .

. . . . . . . . . . . . . . . .

1 5. . .

1 6

Subtraction for prior bonus depreciation addback

. . . .

. . . . . . . . . . . . . . . .

1 6. . .

17

Development

. . . .

. . . . . . . . . . . . . . . .

17. . .

18

Depletion (see instructions)

. . . .

. . . . . . . . . . . . . . . . . .

18. . .

19

Pension, profit-sharing plans, etc

. . . .

. . . . . . . . . . . . . . . .

19. . .

20

Employee benefit programs

. . . .

. . . . . . . . . . . . . . . .

20. . .

21

Other deductions

. . . .

. . . . . . . . . . . . . . . .

21. . .

22

Total deductions (add lines 7 through 21)

. . . .

. . . . . . . . . . . . . . . . . .

22. . .

23

Minnesota net income (loss) (subtract line 22 from line 6)

. . . .

. . . . . . . . . . . . . . . . . .

23. . .

Enter on M30-T, line 1.

Name of company

Minnesota tax ID

A

Total in and

outside Minnesota

1

Average inventory

1

2

Average tangible property and

land owned/used (at original cost)

2

ratio

3

Capitalized rents (gross rents x 8)

3

Property

4

Total property (add lines 1 – 3)

4

5

Percentage within Minnesota

(see instructions, page 6 )

. .5

6

Factor weight

. .6

7

Weighted ratio for PROPERTY (multiply line 5 by line 6) . .

. .7

8

.Payroll/officer’s compensation

8

ratio

(see instructions, page 6)

. . . .9

Payroll

10

Factor weight

. . . .10

11

Weighted ratio for PAYROLL (multiply line 9 by line 10) .

. . . .11

12

Sales or gross receipts

12

ratio

13

Percentage within Minnesota (see instructions, page 6 )

. . .13

Sales

14

Factor weight

. . .14

15

Weighted ratio for SALES (multiply line 13 by line 14) . . .

. . .15

16

APPORTIONMENT FACTOR (add lines 7, 11 and 15 ) .

. . .16

Enter on M30-T, line 2.

1

Minnesota net income (from M30-I, line 23)

. 1

2

Apportionment factor (from M30-A, line 16)

. 2

3

Net income apportioned to Minnesota (multiply line 1 by line 2)

. 3

4

Net operating loss deduction (from M30-NOL)

. 4

5

Taxable income (subtract line 4 from line 3; if zero or less, enter zero)

. 5

6

Regular tax (multiply line 5 by 9.8% [.098])

. 6

7

Alternative minimum tax (from M30-AMT(T), line 8)

. 7

8

Add lines 6 and 7

. 8

9

AMT credit (from M30-AMT(T), line 11)

. 9

10

Subtract line 9 from line 8

10

11

Minnesota research credit (from M30-RD, line 33)

11

12

Subtract line 11 from line 10. This is your MINNESOTA TAX LIABILITY

12

Enter on M30, line 1.