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Official Minnesota M30 Form in PDF

The Minnesota M30 form is a tax return document specifically designed for businesses operating in Minnesota to report their state tax liabilities. This form is crucial for ensuring compliance with state tax regulations and accurately calculating any taxes owed or overpaid. Understanding how to properly complete the M30 can help you avoid penalties and streamline your tax filing process.

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The Minnesota M30 form is a crucial document for businesses operating within the state, serving as the primary means for reporting and calculating Minnesota occupation taxes. This form encompasses various essential components, including the declaration of tax liabilities, credits, and any overpayments or amounts due. Businesses must provide detailed information such as their Minnesota tax ID, federal employer identification number (FEIN), and contact details. The form also requires a declaration regarding federal examinations, which can impact tax calculations. Furthermore, it includes sections for reporting income, deductions, and apportionment factors, ensuring that businesses accurately reflect their financial standing. Understanding how to complete the M30 form is vital, as it not only affects tax obligations but also compliance with state regulations. Timely and accurate submission can prevent penalties and interest, making it imperative for businesses to prioritize this important task.

Form Example

M30

2005 Occupation Tax

Print or type

Tax, payments and credits

Amount due or overpaid

Sign here

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.
Is a federal examination now in progress? (list years)				If there is a change in tax, you must
				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

I declare that this return is correct and complete to the best of my knowledge and belief.

Authorized signature	Title	Date	Daytime phone		I authorize the
					I authorize the
			(	)	Minnesota
					Minnesota
Signature of preparer	Minnesota tax ID, SSN or PTIN	Date	Daytime phone		Department of
			(	)	Revenue to
			(	)	discuss this
					discuss this
Print name of person to contact within company to discuss this return		Title	Daytime phone		tax return with
			(	)	the preparer.
			(	)

Attach copies of all supporting schedules as requested in instructions.

Mail to: Minnesota Revenue, Minerals Tax Office, 612 Pierce St., Eveleth, MN 55734

2005 Income Calculation

M30-I

Attachment #1

Name of company

Minnesota tax ID

FEIN

Income

Deductions

1 Gross income (from M30-G) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1

2 Cost of pellets produced (from Schedule A, line 8) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2

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.

2005 Apportionment

Name of company	Minnesota tax ID

Total in and

outside Minnesota

1 Average inventory . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1

2Average tangible property and

		land owned/used (at original cost)	2
ratio	3	Capitalized rents (gross rents x 8)	3
ratio
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

9Percentage within Minnesota

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.

M30-A

Attachment #4

FEIN

In Minnesota

0.125

0.75

2005 Tax Calculation

M30-T

Attachment #5

Name of company

Minnesota tax ID

FEIN

Income and deductions

Tax, credits and liability

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.

➤ Minnesota M30 File

Form Specifications

Fact Name	Description
Purpose	The Minnesota M30 form is used to report occupation tax, calculate tax liabilities, and claim credits for businesses operating within Minnesota.
Governing Law	This form is governed by Minnesota Statutes, Chapter 297A, which outlines the state's taxation policies and procedures.
Filing Requirements	Businesses must complete and submit the M30 form annually, including any necessary attachments, to the Minnesota Department of Revenue.
Penalties for Non-Compliance	Failure to file the M30 form on time may result in penalties and interest charges, emphasizing the importance of adhering to the submission deadlines.

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