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Prepare Form M1 extension

You can use the
MNExt
 screen in the
Payments
 folder to generate the Minnesota Form M1 voucher. The Minnesota Department of Revenue waives certain penalties if taxpayer has met certain payments criteria by the original due date of the return. If such criteria are met, the extension is automatic. Therefore, the MDOR doesn't have an extension request form. Instead, the MDOR provides a payment voucher.
To waive certain penalties, Minnesota doesn't require an extension request  if the taxpayer has already paid 90% of the tax due by the original due date.
note
Details on the Minnesota extension payment voucher and late penalty criteria:
  • The Minnesota Department of Revenue doesn't accept or process the extension if there isn't an accompanying payment.
  • The Minnesota Department of Revenue doesn't support electronic filing of the extension by 3rd party software such as UltraTax CS or Onvio.
  • The Minnesota Department of Revenue does provide a means for taxpayers to make payments online or via telephone.
Payments and filing criteria:
Taxpayers who don't pay all of their income tax by the original return due date are typically subject to late penalty. However, the Minnesota Department of Revenue waives certain late penalties on the unpaid balance of tax that's due as of April 15, if the taxpayer meets all of the following criteria:
  • The taxpayer pays at least 90% of the tax by the original due date, April 15, . (This may be accomplished via withholding, estimates, additional payments, extension payments, etc.)
  • The taxpayer files Form M1 by the extended due date, October 15, .
  • The taxpayer pays remainder of the tax due by the extended due date, October 15, .

Prepare the extension

There are various approaches to preparing an extension.
  • Have UltraTax CS calculate a balance due with extension based on current data entry and calculations on the return:
     Enter
    X
     in the
    Calculate Extension
     field on the
    MNExt
     screen. Select
    Setup
    ,
    1040 Individual
    , the
    Federal
     tab, then
    Extensions
     to select the method for calculating the amount. Note that when using
    File
     then
    Print Extensions
     to select multiple clients at once for electronic filing, UltraTax CS marks the
    Calculate Extension
    field if the
    Create an extension without total tax liability amounts
     checkbox isn't marked.
  • Force the amount:
     Enter an amount in the
    Balance due on extension (Force)
     field on the
    MNExt
     screen.
  • If no balance is due or there's a calculated amount:
     Although UltraTax CS supports printing Form M1 without an amount, the Minnesota Department of Revenue requests that taxpayers don't submit the voucher unless there's an accompanying payment.
Select
File
 then
Print Extensions
 to print Form M1 when data entry is complete on the
MNExt
 screen.

Prepare the return after filing

When preparing an extended return, make sure you have the following information from the extension.
  • Amount actually paid with extension:
     The amount paid with extension is reported on Form M1. Enter the amount on the
    MNExt
     screen in the
    Extension payment actually made; reportable on main return
     field. Note that UltraTax CS populates this field when the extension was created if the application calculated amount or if you forced the amount. Change the data entry if the taxpayer paid some other amount.
    note
    If an extension was filed another way other than UltraTax CS, enter the actual amount paid with extension in the
    Force
     field. By doing so, this will automatically complete data entry in other fields, including fields for extended due date and amount actually paid with extension.
  • Date return filed:
     Enter the
    Date return filed
     on the
    MNPen
     screen. If the date exceeds the extended due date, UltraTax CS calculates late penalty on the unpaid balance due.
  • Extension not required to be attached to return:
     The Minnesota Department of Revenue doesn't require a copy of federal or state extension when filing the return.

This article applies to:

  • Product: UltraTax CS
  • Return type: 1040 Individual
  • State: Minnesota

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