1                                                                                                                                                                                                         1
  2 4  6  8 10  12  14 16  18  20      22  24  26           28  30        32  34  36          38  40        42  44  46         48  50     52  54  56 58  60  62     64  66  68  70       72  74  76 78  80    82  84  86
    3                                                                   FINAL DRAFT 10/2/23                                                                                                                   3
    4                                                                                                                                                                                                         4
    5                                                                                                                                                                                                         5
    6                                                                                                                                                                    *234911*                             6
    7                                                                                                                                                                                                         7
    8                                                                                                                                                              Do not use staples on anything you submit. 8
       2023 M4X, Amended Corporation Franchise Tax Return
    9                                                                                                                                                                                                         9
    10 Tax year beginning (MM/DD/YYYY)  MM                     /     DD     / YYYY   and ending (MM/DD/YYYY)          / MM  DD      /                                    YYYY                                 10
    11                                                                                                                                                                                                        11
    12 NAME OF CORPORATION                                                                                                                123456789                        123456789                          12
    13 Name of Corporation/Designated Filer                                                                                               FEIN                             Minnesota Tax ID                   13
    14 MAILING ADDRESS                                                                                                                    123456789                                                           14
    15 Mailing Address                                                                                                                    Date Original Return was Filed                                      15
    16                                                                                                                                                                                                        16
    17 CITYXXXXXXXXXXXXXXXXXXXXXX City                                                                                                    MN         State                 55555ZIP Code                      17

    18 X    Check if filing a combined income return                    X   Check if reporting Tax Position Disclosure (Enclose Form TPD)                                                                     18
    19                                                                                                                                                                                                        19
    20 Check if a member of the group (place an X in all that apply):                                                Check box to indicate the reason you are amending:                                       20
    21 X   is Claiming Public Law 86-272                X   is in Bankruptcy                                        X   IRS Adjustment                            X   Net Operating Loss                      21
    22                                                                                                                                                                                                        22
    23 X   Owns a Captive Insurance Company            X   is a Co-op                                               X   Amended Federal Return                    X   Other                                   23
    24                                                                                                                                                                                                        24
                                                                                                                                               A                         B                  C
    25                                                                                                                                    As Previously Reported    Net Change           Corrected Amounts    25
    26 You must round amounts to nearest whole dollar.                                                                                                                                                        26
    27   1  Minnesota net income or (loss)(see instructions)  . . .  . . . . . .  . . . . .  . . . . . . . 1   .  .                       123456789                123456789             123456789            27
    28                                                                                                                                                                                                        28
    29   2  Nonapportionable income or (loss)   . . .  . . . . . .  . . . . .  . . . . . . .  . . . . .  . . . . .2   .  .  .             123456789                123456789             123456789            29
    30                                                                                                                                                                                                        30
    31   3  Minnesota apportionable income (subtract line 2 from line 1)   . . . .  . . . . .  . . 3  .                                   123456789                123456789             123456789            31
    32                                                                                                                                                                                                        32
    33   4  Apportionment factor    . . .  . . . . . .  . . . . .  . . . . . . .  . . . . .  . . . . . .  . . . . .  . . . . . 4  . . .  .123456789                123456789             123456789            33
    34                                                                                                                                                                                                        34
    35   5  Net income apportioned to Minnesota (multiply line 3 by line 4)  . . .  . . . . . .  . 5  .                                   123456789                123456789             123456789            35
    36                                                                                                                                                                                                        36
    37  6a  Minnesota nonapportionable (income) or loss (see instructions)  . . .  . . . . . . 6a  .                                      123456789                123456789             123456789            37
    38                                                                                                                                                                                                        38
    39  6b  Minnesota nonunitary partnership (income) or loss                         (see instructions)  . . . . 6b                      123456789                123456789             123456789            39
    40                                                                                                                                                                                                        40
    41   7  Net operating loss deduction (15-year carryforward only)    . . . .  . . . . . .  . . . . 7  .                                123456789                123456789             123456789            41
    42                                                                                                                                                                                                        42
    43   8  Deduction for dividends received             . . .  . . . . . .  . . . . .  . . . . . . .  . . . . .  . . . . . .  8  . . .   123456789                123456789             123456789            43
    44                                                                                                                                                                                                        44
    45   9  Add lines 6 through 8   . . .  . . . . . .  . . . . .  . . . . . . .  . . . . .  . . . . . .  . . . . .  . . . . . 9  . . .  .123456789                123456789             123456789            45
    46                                                                                                                                                                                                        46
    47  10  Taxable income (subtract line 9 from line 5)   . . . . .  . . . . . .  . . . . . .  . . . . . .  .10  .  .                    123456789                123456789             123456789            47
    48                                                                                                                                                                                                        48
    49  11  Regular franchise tax (multiply line 10 by 9.8% [0.098];                                                                                                                                          49
    50     if result is zero or less, leave blank)    . . .  . . . . . .  . . . . . .  . . . . .  . . . . . .  . . . .11   . .            123456789                123456789             123456789            50
    51                                                                                                                                                                                                        51
    52  12  Alternative minimum tax        . . .  . . . . . .  . . . . .  . . . . . . .  . . . . .  . . . . . .  . . . . .  .12  . . .  . 123456789                123456789             123456789            52
    53                                                                                                                                                                                                        53
    54  13  Subtotal (add lines 11 and 12)  . . .  . . . . . .  . . . . .  . . . . . . .  . . . . .  . . . . . .  . . . . . 13  . .       123456789                123456789             123456789            54
    55                                                                                                                                                                                                        55
    56  14  Alternative minimum tax credit           . . .  . . . . . .  . . . . .  . . . . . . .  . . . . .  . . . . . .  . .14  . .  .  123456789                123456789             123456789            56
    57                                                                                                                                                                                                        57
    58  15  Housing Tax Credit   . . . .  . . . . . .  . . . . . .  . . . . . .  . . . . .  . . . . . .  . . . . . .  . . . .15  .  . .  .123456789                123456789             123456789            58
    59                                                                                                                                                                                                        59
    60      Enter the credit certificate number from Minnesota Housing: SHTC - 1234  -                                             123456789                                                                  60
    61                                                                                                                                                                                                        61
    62                                                                                                                                                                                                        62
    63                                                                                                                                                                      Continued next page               63
                                                                                                           9995
  2 4  6 8  10  12  14 16  18  20      22  24  26           28  30        32  34  36          38  40       42  44  46          48  50     52  54  56 58  60  62     64  66  68  70       72  74  76 78  80    82  84  86
    65                                                                                                                                                                                                        65

    1                                                                                                                                                                                                                               1
  2 4  6  8 10 12  14 16  18  20         22  24  26          28  30       32  34  36         38  40          42  44  46         48  50      52  54  56 58  60  62    64  66                               68  70  72  74  76 78  80 82  84  86
    3                                                                   FINAL DRAFT 10/2/23                                                                                                                                         3
    4                                                                                                                                                                                                                               4
       2023 M4X, Page 2
    5                                                                                                                                                                                                                               5
    6                                                                                                                                                                                                *234921*                       6
    7                                                                                                                                                                                                                               7
    8  NAME OF CORPORATIONXXXXXXXXXXXXXXXXXXXXXXX                                                                                           123456789                                                   123456789                   8
    9  Name of Corporation/Designated Filer                                                                                                 FEIN                                                        Minnesota Tax ID            9
                                                                                                                                                  A                                                     B                C
    10                                                                                                                                      As Previously Reported   Net Change                                   Corrected Amounts 10
    11                                                                                                                                                                                                                              11
    12  16  Short Line Railroad Infrastructure Modernization Credit   . . .  . . . . . .  . . . . . 16  .  .                                123456789                123456789                                    123456789         12
    13                                                                                                                                                                                                                              13
    14  17  Credit for Sales of Manufactured Home Parks to Cooperatives  . . . . .  . . . . . 17  .                                         123456789                123456789                                    123456789         14
    15                                                                                                                                                                                                                              15
    16  18  Minnesota credit for increasing research activities  .  .  .  .  .  .  .  .  .  .  .  .  .  . 18  .  .  .  . 123456789.  .  .                            123456789                                    123456789         16
    17                                                                                                                                                                                                                              17
    18  19  Credits against tax prior to minimum fee (add lines 14 through 18)   . . .  . . . .  .19                                        123456789                123456789                                    123456789 18
    19                                                                                                                                                                                                                              19
    20  20  Subtract line 19 from line 13 (if result is zero or less, leave blank)   . . .  . . . . . .20   123456789                                                123456789                                    123456789         20
    21                                                                                                                                                                                                                              21
    22  21  Minimum fee   . . .  . . . . . .  . . . . .  . . . . . . .  . . . . .  . . . . . .  . . . . .  . . . . .  . . . . .21  .  . .  .123456789                123456789                                    123456789         22
    23                                                                                                                                                                                                                              23
    24  22  Minnesota tax liability (add lines 20 and 21)                  . . .  . . . . . .  . . . . .  . . . . . . .  . . . . . 22  .    123456789                123456789                                    123456789         24
    25                                                                                                                                                                                                                              25
    26  23  Film Production Tax Credit  . . .  . . . . . .  . . . . .  . . . . . . .  . . . . .  . . . . . .  . . . . . 23  . . .  .        123456789                123456789                                    123456789 26
    27                                                                                                                                                                                                                              27
    28     Enter the credit certificate number: TAXC -                  123456789                                                                                                                                                   28
    29                                                                                                                                                                                                                              29
    30  24  Tax Credit for Owners of Agricultural Assets (see instructions)                            . . .  . . . . . .  . . 24  .        123456789                123456789                                    123456789 30
    31                                                                                                                                                                                                                              31
    32  25  Employer Transit Pass Credit (from Schedule ETP, line 4)  ..... ...... .....25                                                  123456789                123456789                                    123456789 32
    33                                                                                                                                                                                                                              33
    34  26  LIFO Recapture Tax Deferral  . . .  . . . . . .  . . . . .  . . . . . . .  . . . . .  . . . . . .  . . . . . 26  . .  .         123456789                123456789                                    123456789 34
    35                                                                                                                                                                                                                              35
    36  27  Add lines 23, 24, 25, and 26       . . .  . . . . . .  . . . . .  . . . . . . .  . . . . .  . . . . . .  . . . . .  .27  . . . 123456789                 123456789                                    123456789 36
    37                                                                                                                                                                                                                              37
    38  28  Subtract line 27 from line 22 (if result is zero or less, leave blank)... ...... .. 28  123456789                                                        123456789                                    123456789         38
    39                                                                                                                                                                                                                              39
    40  29  Enterprise Zone Credit (see instructions) ... ...... ..... ...... ...... ...29                                                  123456789                123456789                                    12345678940
    41                                                                                                                                                                                                                              41
    42  30  Historic Structure Rehabilitation Credit .... ...... ..... ...... ..... .....30                                                 123456789                123456789                                    123456789 42
    43                                                                                                                                                                                                                              43
    44     Enter National Park Service (NPS) project number:                           123456789999                                                                                                                                 44
    45                                                                                                                                                                                                                              45
    46  31  Minnesota backup withholding  . ...... ..... ...... ..... ...... ...... ..31                                                    123456789                123456789                                    123456789         46
    47                                                                                                                                                                                                                              47
    48  32  Estimated tax and/or extension payments ... ...... ..... ....... ..... ..32                                                     123456789                                                             123456789 48
    49                                                                                                                                                                                                                              49
    50  33  Amount due from original Form M4, line 11 (see instructions)                                 . . .  . . . . . .  . . . . .  . . . . . . .  . . . . .  . . . . . .  . . . . .  .  . 33         123456789                 50
    51                                                                                                                                                                                                                              51
    52  34  Total refundable credits and tax paid (add lines 29C through 32C and line 33) . . .  . . . . . .  . . . . .  . . . . . . .  . . . . .  . 34                                                   123456789                 52
    53                                                                                                                                                                                                                              53
    54  35  Refund amount from original Form M4, line 16 (see instructions)                                     . .  . . . . .  . . . . . .  . . . . . .  . . . . . .  . . . . .  . . . . .  . 35         123456789                 54
    55                                                                                                                                                                                                                              55
    56  36  Subtract line 35 from line 34 (if result is less than zero, enter the negative amount)   . . . . . .  . . . . . .  . . . . .  . . .  . 36                                                     123456789                 56
    57                                                                                                                                                                                                                              57
    58  37  Amount from line 28C        . . .  . . . . . .  . . . . .  . . . . . . .  . . . . .  . . . . . .  . . . . .  . . . . .  . . . . . .  . . . . . .  . . . . . .  . . . . .  . . . . . .  . 37   123456789                 58
    59                                                                                                                                                                                                                              59
    60                                                                                                                                                                                                                              60
    61                                                                                                                                                                                                    Continued next page       61
    62                                                                                                                                                                                                                              62
    63                                                                                                     9995                                                                                                                     63
  2 4  6 8  10 12  14 16  18  20         22  24  26          28  30       32  34  36         38  40          42  44  46         48  50      52  54  56 58  60  62    64  66                               68  70  72  74  76 78  80 82  84  86
    65                                                                                                                                                                                                                              65

    1                                                                                                                                                                                                                           1
  2 4  6  8  10 12  14       16  18  20 22  24  26 28  30  32  34  36            38  40 42  44  46 48  50  52  54  56  58  60  62 64  66                                                             68  70 72  74  76  78  80  82  84  86
    3                                                     FINAL DRAFT 10/2/23                                                                                                                                                   3
    4                                                                                                                                                                                                                           4
       2023 M4X, Page 3
    5                                                                                                                                                                                                                           5
    6                                                                                                                                                                                            *234931*                       6
    7                                                                                                                                                                                                                           7
    8  NAME OF CORPORATION/DISIGNATED FILERXXXXXX   0123456789000  01234567890                                                                                                                                                  8
    9  Name of Corporation/Designated Filer                                                               FEIN                                                                                       Minnesota Tax ID           9
    10                                                                                                                                                                                                                          10
    11                                                                                                                                                                                                                          11
    12  38  Tax you owe. If line 37 is more than line 36, subtract line 36 from line 37.                                                                                                                                        12
    13       (if line 36 is a negative amount, see instructions)   . . .  . . . . . .  . . . . .  . . . . . . .  . . . . .  . . . . . .  . . . . .  . . . . .  . . . . . .  .  . 38                  1234567890                 13
    14                                                                                                                                                                                                                          14
    15  39  If you failed to timely report federal changes or the IRS assessed a penalty (see instructions)  . . .  . . . . . .  . . . .  . 39                                                       1234567890                 15
    16                                                                                                                                                                                                                          16
    17  40  Add line 38 and line 39   . . .  . . . . . .  . . . . . .  . . . . .  . . . . . .  . . . . . .  . . . . .  . . . . . .  . . . . .  . . . . . .  . . . . . . .  . . . . .  . . . .  . 40  1234567890                 17
    18                                                                                                                                                                                                                          18
    19  41  Interest (see instructions)   .  . . . . . .  . . . . . .  . . . . .  . . . . . .  . . . . . .  . . . . . .  . . . . .  . . . . . .  . . . . .  . . . . . .  . . . . .  . . . . .  . 41  1234567890                 19
    20                                                                                                                                                                                                                          20
    21  42  AMOUNT DUE (add lines 40 and 41). Skip line 43    . . . . .  . . . . . .  . . . . .  . . . . . . .  . . . . .  . . . . . .  . . . . .  . . . . . .  . . .  . 42                          1234567890                 21
    22     Check payment method:    X         Electronic (see instructions)      X  Check (see instructions)                                                                                                                    22
    23                                                                                                                                                                                                                          23
    24  43   REFUND. If line 36 is more than line 37, subtract line 37 from line 36  . . .  . . . . . .  . . . . .  . . . . . . .  . . . . .  . . . . . .  . 43                                      1234567890                 24
    25   If you have a refund, you must enter your banking information below.                                                                                                                                                   25
    26                                                                                                                                                                                                                          26
    27 X   Checking   X     Savings         1234567890                                  1234567890                                                                                                                              27
    28                                      Routing Number                              Account Number (use an account not associated with any foreign banks)                                                                   28
    29                                                                                                                                                                                                                          29
    30                                                                                                                                                                                                                          30
    31 I declare that this return is correct and complete to the best of my knowledge and belief.                                                                                                                               31
    32                                                                                                                                                                                                                          32
    33                                                     TITLE                                           MM / DD /     YYYY                                                                        1234567890                 33
    34 Authorized Signature                                Title                                          Date (MM/DD/YYYY)                                                                          Direct Phone               34
    35                                                     PTIN                                            MM / DD /     YYYY                                                                        1234567890                 35
    36 Signature of Preparer                               PTIN                                           Date (MM/DD/YYYY)                                                                          Preparer’s Direct Phone    36
    37 PRINT NAME OF PERSON TO CONTACT                                                                    TITLE                                                                                      1234567890                 37
    38 Print name of person to contact within corporation to discuss this return                          Title                                                                                      Direct Phone               38
    39                                                                                                                                                                                                                          39
    40 Explain net changes and show computations in detail.                                                                                                                                                                     40
                                                                                                                            I authorize the Minnesota Department of Revenue
    41 Enclose the list of changes, amended schedules and amended federal Form 1120X, if any.                                                                                                                                   41
       Mail to:   Minnesota Department of Revenue                                                                      X    to discuss this tax return with the preparer.
    42                                                                                                                                                                                                                          42
                Mail Station 1255
    43          600 N. Robert St.                                                                                                                                                                                               43
    44          St. Paul, MN 55146-1255                                                                                                                                                                                         44
    45                                                                                                                                                                                                                          45
    46                                                                                                                                                                                                                          46
         EXPLANATION OF CHANGE—Explain below each change in detail. If the changes involve items requiring supporting information, 
    47                                                                                                                                                                                                                          47
         be sure to attach the appropriate schedule, statement or form to Form M4X to verify the correct amount. If you need more space, 
    48                                                                                                                                                                                                                          48
         add another sheet.
    49                                                                                                                                                                                                                          49
    50   EXPLANATION OF CHANGE XXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXX                                                                                                                                               50
    51   XXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXX                                                                                                                                              51
    52   XXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXX                                                                                                                                              52
    53   EXPLANATION OF CHANGE XXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXX                                                                                                                                               53
    54   XXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXX                                                                                                                                              54
    55   XXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXX                                                                                                                                              55
    56   EXPLANATION OF CHANGE XXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXX                                                                                                                                               56
    57   XXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXX                                                                                                                                              57
    58   XXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXX                                                                                                                                              58
    59   EXPLANATION OF CHANGE XXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXX                                                                                                                                               59
    60   XXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXX                                                                                                                                              60
    61   XXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXX                                                                                                                                              61
    62                                                                                                                                                                                                                          62
    63                                                                                  9995                                                                                                                                    63
  2 4  6  8  10 12  14       16  18  20 22  24  26 28  30  32  34  36            38  40 42  44  46 48  50  52  54  56  58  60  62 64  66                                                             68  70 72  74  76  78  80  82  84  86
    65                                                                                                                                                                                                                          65

    1                                                                                                                                                                                                                        1
  2 4  6 8    10 12  14 16  18  20 22  24  26    28  30 32  34  36 38  40 42  44  46 48  50                                            52  54  56 58  60  62 64  66                                 68  70 72  74  76 78  80 82  84  86
    3                                                   FINAL DRAFT 10/2/23                                                                                                                                                  3
    4                                                                                                                                                                                                                        4
       2023 M4X, Page 4 
    5                                                                                                                                                                                                                        5
    6  Amended Income Calculation                                                                                                                                                            *234941*                        6
    7                                                                                                                                                                                                                        7
    8  NAME OF CORPORATION/DISIGNATED FILERXXXXXXX  0123456789000  01234567890                                                                                                                                               8
    9  Name of Corporation/Designated Filer                                                                                            FEIN                                                         Minnesota Tax ID         9
    10                                                                                                                                                                                              You must round amounts   10
    11                                                                                                                                                                                              to nearest whole dollar. 11
    12   1 a . Federal taxable income before net operating loss deduction and special deductions                                                                                                                             12
    13         (from federal Form 1120)   .  . . . . . .  . . . . . .  . . . . .  . . . . . .  . . . . . .  . . . . . .  . . . . .  . . . . . .  . . . . .  . . . . . .  . . . . .  . . .  . 1a     123456789                13
    14                                                                                                                                                                                                                       14
    15   1 b.  Interest expense limitation for combined reports    . .  . . . . .  . . . . .  . . . . . .  . . . . . .  . . . . . .  . . . . . .  . . . . .  . . . . .  . 1b                        123456789                15
    16   2  Additions to income                                                                                                                                                                                              16
    17     a . Federal deduction taken for taxes based on net income and minimum fee   . . 2a                                          123456789                                                                             17
    18                                                                                                                                                                                                                       18
    19     b.  Federal deduction for capital losses (IRC sections 1211 and 1212)   . .  . . . . . . 2b                                 123456789                                                                             19
    20                                                                                                                                                                                                                       20
    21     c.  Interest income exempt from federal income tax  . . . .  . . . . . . .  . . . . .  . . . . . . 2c                       123456789                                                                             21
    22                                                                                                                                                                                                                       22
    23     d.  Exempt interest dividends (IRC section 852[b][5])  . . .  . . . . . .  . . . . .  . . . . . . .  . 2d                   123456789                                                                             23
    24                                                                                                                                                                                                                       24
    25     e.  Losses from mining operations subject to occupation tax  . . .  . . . . . .  . . . . .  . 2e                            123456789                                                                             25
    26     f.  Federal deduction for percentage depletion                                                                                                                                                                    26
    27         (IRC sections 611-614 and 291)    . . . . .  . . . . . .  . . . . . .  . . . . .  . . . . . .  . . . . . .  . .  .2f    123456789                                                                             27
    28                                                                                                                                                                                                                       28
    29     g.  Federal bonus depreciation and suspended loss (IRC section 168[k])  . . .  . . . 2g                                     123456789                                                                             29
    30                                                                                                                                                                                                                       30
    31     h.  This line intentionally left blank . . .  . . . . . .  . . . . .  . . . . . . .  . . . . .  . . . . . .  . . . . . 2h                                                                                         31
    32                                                                                                                                                                                                                       32
    33     i.  This line intentionally left blank . . .  . . . . . .  . . . . .  . . . . . . .  . . . . .  . . . . . .  . . . . .  .2i                                                                                       33
    34                                                                                                                                                                                                                       34
    35     j.  This line intentionally left blank . . .  . . . . . .  . . . . .  . . . . . . .  . . . . .  . . . . . .  . . . . .  .2j                                                                                       35
    36                                                                                                                                                                                                                       36
    37     k.  This line intentionally left blank . . .  . . . . . .  . . . . .  . . . . . . .  . . . . .  . . . . . .  . . . . .  .2k                                                                                       37
    38                                                                                                                                                                                                                       38
    39     Total additions (add lines 2a through 2k)  . . .  . . . . . .  . . . . .  . . . . . . .  . . . . .  . . . . . .  . . . . .  . . . . .  . . . . . .  . . . . . .  . . . .  .  2           123456789                39
    40                                                                                                                                                                                                                       40
    41   3 Total (add lines 1a, 1b, and 2)  . . .  . . . . . .  . . . . .  . . . . . . .  . . . . .  . . . . . .  . . . . .  . . . . .  . . . . . .  . . . . . .  . . . . . .  . . . . .  . .  .  3 123456789                41
    42                                                                                                                                                                                                                       42
    43                                                                                                                                                                                                                       43
    44                                                                                                                                                                                                                       44
    45                                                                                                                                                                                              Continued next page      45
    46                                                                                                                                                                                                                       46
    47                                                                                                                                                                                                                       47
    48                                                                                                                                                                                                                       48
    49                                                                                                                                                                                                                       49
    50                                                                                                                                                                                                                       50
    51                                                                                                                                                                                                                       51
    52                                                                                                                                                                                                                       52
    53                                                                                                                                                                                                                       53
    54                                                                                                                                                                                                                       54
    55                                                                                                                                                                                                                       55
    56                                                                                                                                                                                                                       56
    57                                                                                                                                                                                                                       57
    58                                                                                                                                                                                                                       58
    59                                                                                                                                                                                                                       59
    60                                                                                                                                                                                                                       60
    61                                                                                                                                                                                                                       61
    62                                                                                                                                                                                                                       62
    63                                                                                                                                                                                                                       63
                                                                          9995
  2 4  6 8    10 12  14 16  18  20 22  24  26    28  30 32  34  36 38  40 42  44  46 48  50                                            52  54  56 58  60  62 64  66                                 68  70 72  74  76 78  80 82  84  86
    65                                                                                                                                                                                                                       65

    1                                                                                                                                                                                                                                 1
  2 4  6  8  10 12  14 16  18  20 22  24  26      28  30 32  34  36 38  40  42  44  46 48  50                                           52  54  56 58  60  62 64  66                                         68  70 72  74  76 78  80 82  84  86
    3                                                    FINAL DRAFT 10/2/23                                                                                                                                                          3
    4                                                                                                                                                                                                                                 4
       2023 M4X page 5 
    5                                                                                                                                                                                                                                 5
                                                                                                                                                              *234951*
    6  Amended Income Calculation (Continued)                                                                                                                                                                                         6
    7                                                                                                                                                                                                                                 7
    8  NAME OF CORPORATION/DISIGNATED FILERXXXXXXX  0123456789000  01234567890                                                                                                                                                        8
    9  Name of Corporation/Designated Filer                                                                                             FEIN                                                                 Minnesota Tax ID         9
    10                                                                                                                                                                                                                                10
    11                                                                                                                                                                                                       You must round amounts   11
    12   4  Subtractions from income                                                                                                                                                                         to nearest whole dollar. 12
    13      a.  Refund of taxes based on net income included in federal taxable income  . . 4a                                          123456789                                                                                     13
    14                                                                                                                                                                                                                                14
    15      b.  Minnesota deduction for capital losses  . . .  . . . . . .  . . . . .  . . . . . . .  . . . . .  . . . . 4b             123456789                                                                                     15
    16                                                                                                                                                                                                                                16
    17      c.  Certain federal credit expenses (see inst. and attach schedule)  . . .  . . . . . .  . . 4c                             123456789                                                                                     17
    18                                                                                                                                                                                                                                18
    19      d.  Gross-up for foreign taxes deemed paid under IRC section 78   .  . . . . .  . . . . . 4d                                123456789                                                                                     19
    20                                                                                                                                                                                                                                20
    21      e.  Expenses relating to income taxable by Minnesota, but federally exempt  . . 4e                                          123456789                                                                                     21
    22                                                                                                                                                                                                                                22
    23      f.  Dividends paid by a bank to the U.S. government on preferred stock   . . .  . .  .4f                                    123456789                                                                                     23
    24                                                                                                                                                                                                                                24
    25      g.  Income/gains from mining operations subject to the occupation tax   . . .  . . . 4g                                     123456789                                                                                     25
    26                                                                                                                                                                                                                                26
    27      h.  Deduction for cost depletion    . . . .  . . . . .  . . . . . . .  . . . . .  . . . . . .  . . . . .  . . . . .  . 4h   123456789                                                                                     27
    28                                                                                                                                                                                                                                28
    29      i.  Subtraction for prior bonus depreciation addback  . . .  . . . . . .  . . . . .  . . . . . . .  .                    4i 123456789                                                                                     29
    30                                                                                                                                                                                                                                30
    31      j.  Subtraction for prior IRC section 179 addback (attach schedule 179)  . . .  . . .  .4j                                  123456789                                                                                     31
    32                                                                                                                                                                                                                                32
    33      k.  Delayed business interest   .  . . . . .  . . . . . . .  . . . . .  . . . . . .  . . . . .  . . . . .  . . . . . . . 4k 123456789                                                                                     33
    34                                                                                                                                                                                                                                34
    35      l.   Deferred foreign income (Section 965) . . .  . . . . . .  . . . . .  . . . . . . .  . . . . .  . . . . .  .         4l 123456789                                                                                     35
    36                                                                                                                                                                                                                                36
    37      m. Disallowed section 280E expenses of a licensed cannabis business   . . . . . . 4m                                        123456789                                                                                     37
    38                                                                                                                                                                                                                                38
    39      n.  This line intentionally left blank . . .  . . . . . .  . . . . .  . . . . . . .  . . . . .  . . . . . .  . . . . . 4n                                                                                                 39
    40                                                                                                                                                                                                                                40
    41      o.  This line intentionally left blank . . .  . . . . . .  . . . . .  . . . . . . .  . . . . .  . . . . . .  . . . . . 4o                                                                                                 41
    42                                                                                                                                                                                                                                42
    43      p.  This line intentionally left blank . . .  . . . . . .  . . . . .  . . . . . . .  . . . . .  . . . . . .  . . . . . 4p                                                                                                 43
    44                                                                                                                                                                                                                                44
    45      q.  This line intentionally left blank . . .  . . . . . .  . . . . .  . . . . . . .  . . . . .  . . . . . .  . . . . . 4q                                                                                                 45
    46                                                                                                                                                                                                                                46
    47      r.  This line intentionally left blank . . .  . . . . . .  . . . . .  . . . . . . .  . . . . .  . . . . . .  . . . . .   4r                                                                                               47
    48                                                                                                                                                                                                                                48
    49       Total subtractions from federal taxable income before net operating                                                                                                                                                      49
    50       loss deduction and special deductions (add lines 4a through 4r)     . . .  . . . . . .  . . . . .  . . . . . . .  . . . . .  . . . . . .  . . . .  .  4                                         123456789                50
    51                                                                                                                                                                                                                                51
    52   5  Intercompany eliminations (attach schedule)  . . .  . . . . . .  . . . . .  . . . . . . .  . . . . .  . . . . . .  . . . . .  . . . . .  . . . . . .  . . . . . .  .  5                          123456789                52
    53                                                                                                                                                                                                                                53
    54   6  Add lines 4 and 5  . . .  . . . . . .  . . . . .  . . . . . . .  . . . . .  . . . . . .  . . . . .  . . . . .  . . . . . .  . . . . . .  . . . . . .  . . . . .  . . . . . .  . . . . .  .  .  6 123456789                54
    55                                                                                                                                                                                                                                55
    56   7  Minnesota net income (subtract line 6 from line 3)   . . .  . . . . . .  . . . . .  . . . . . . .  . . . . .  . . . . . .  . . . . .  . . . . .  . . . . . .  .  .  7                            123456789                56
    57      Enter this amount on M4X, page 1, line 1, column C.                                                                                                                                                                       57
    58                                                                                                                                                                                                                                58
    59                                                                                                                                                                                                                                59
    60                                                                                                                                                                                                                                60
    61                                                                                                                                                                                                                                61
    62                                                                                                                                                                                                                                62
    63                                                                                                                                                                                                                                63
                                                                            9995
  2 4  6  8  10 12  14 16  18  20 22  24  26      28  30 32  34  36 38  40  42  44  46 48  50                                           52  54  56 58  60  62 64  66                                         68  70 72  74  76 78  80 82  84  86
    65                                                                                                                                                                                                                                65

                                                 FINAL DRAFT 10/2/23
2023 Form M4X Instructions

For additional information, refer to the 2023 M4 forms and instructions.

Federal Return Adjustments
If you amend your federal tax return or if the Internal Revenue Service (IRS) makes an adjustment to your federal return, you must notify us 
within 180 days. Failure to report federal changes on an amended return, Form M4X, within 180 days will result in a penalty of 10% of any 
additional tax due. See line 36 instructions.
Attach a copy of your amended federal return or notice of adjustment to your Form M4X. 

Refunds
Use the 2023 Form M4X to make a claim for refund and report changes to your Minnesota liability for tax year 2023. If you make a claim for 
a refund and we do not act on it within six months of the date filed, you may bring an action in the district or tax court. 

When to File
File Form M4X only after you have filed your original return. You may file Form M4X within 3½ years after the return was due or within one 
year from the date of an order assessing tax, whichever is later. If you filed your original return under an extension by the extended due date, 
you have up to 3½ years from the extended due date to file the amended return, Form M4X. 

Filing Reminders
The amended return must be signed by a person authorized by the corporation.
If you pay someone to prepare your return, the preparer must sign and enter his or her PTIN number and direct phone.
Rounding is required. You must round amounts to the nearest dollar. Drop any amount less than 50 cents and increase any amount that is 50 
cents or more to the next higher dollar.

Completing the Form
Enter your tax year beginning and ending dates at the top of the form. On page 3 of Form M4X, include a detailed explanation of why the 
original return was incorrect. Providing this information will help us to verify the amended amounts. Do not staple or tape any enclosures to 
your return.
Estimated payments and refunds credited to subsequent years cannot be amended.
Use of Information
All information provided on this form is private, except for your Minnesota Tax ID number, which is public. Private information cannot be 
given to others except as provided by state law. 
Lines 1-32, 
Columns A, B and C
Column A: Enter the amounts shown on your original return or as later adjusted by an amended return or audit report (see Where to Find 
Amounts From 2023 Return below).
Column B: For each line you are changing, enter the dollar amount of each change as an increase or decrease. Show all decreases in 
parentheses. On page 3 of Form M4X, explain the changes in detail. If the changes involve items requiring supporting information (by 
corporation return or instructions), attach the appropriate schedule, statement or form to Form M4X to verify the corrected amount. 
Column C: Add column B increases to column A, or subtract column B decreases from column A, and enter the result in column C. If there 
are no changes, enter the amount from column A.
Line 1
Enter the amount of Minnesota net income or loss before apportionment. For column C, enter the corrected amount from Form M4X, page 5, 
line 7.
Line 6a and 6b
Enter Minnesota nonapportionable income or nonunitary partnership income as a negative. Example: ($100). Enter Minnesota 
nonapportionable loss or nonunitary partnership loss as a positive. Example: $100.

                                                                                                                            Continued     1

                                                FINAL DRAFT 10/2/23
2023 Form M4X Instructions (Continued)

Where to Find Amounts From 2023 Return
M4X, line                M4X, line              M4X, line
1      M4I, line 7       12      M4T, line 11   23     M4T, line 22
2      M4I, line 8       14    M4T, line 13     24     M4T, line 23
4      M4A, line 9       15    M4T, line 14     25     M4T, line 24
6a    M4T, line 4a       16    M4T, line 15     26     M4, line 25
6b    M4T, line 4b       17     M4T, line 16    29     M4, line 4
7      M4T, line 6       18     M4T, line 18    30     M4, line 5
8      M4T, line 8       21     M4T, line 20    31     M4, line 6

Lines 7–27 
Refer to the 2023 Corporation Franchise Tax Return (Form M4) instructions for details.
Lines 7, 8, 15, 16, 17, 23, 24, 25, 29, and 30. If you are changing any amounts on these lines, you must attach a corrected copy of the 
appropriate schedule.
Lines 14, 15, 16, 17, 18, 23, 24, and 25. Changes to your regular franchise tax on line 11 and/or alternative minimum tax on line 12 may also 
affect the amount you are able to claim of any credits against tax (alternative minimum tax credit, research credit, film production tax credit, 
tax credit for owners of agricultural assets, and employer transit pass credit).
Line 31
Minnesota requires backup withholding to be made when the payee is subject to federal backup withholding on reportable payments made for 
personal services. (IRC section 3406). Corporations are not subject to backup withholding for certain types of payments, including: 
•  interest and dividends
•  broker transactions
•  royalty payments 
The Minnesota backup withholding is equal to the payment multiplied by the highest Minnesota tax rate for corporations. Report the 
taxpayer’s backup withholding on line 31 of Form M4X. 
Include a copy of the federal Form 1120X, Form 1120, Form 1099, Schedule KPI, Schedule KS or other documentation showing the amount 
withheld. If the documentation is not included with your Form M4X, the department will disallow the amount and assess the tax or reduce 
your refund.
Line 33 
Enter the total of the following tax amounts, whether or not paid:
•  amount from line 11 of your original M4
•  amount due of a previously filed Form M4X
•  additional tax due as the result of an audit or notice of change
Do not include any amounts that were paid for penalty, interest or underpayment of estimated tax. 
Line 35
Enter the total of the following refund amounts:
•  overpayment from line 16 of your original M4, even if you have not yet received it
•  refund amount of a previously filed Form M4X
•  refund or reduction in tax from a protest or other type of audit adjustment
Include any amount that was credited to estimated tax, applied to pay past due taxes or donated to the Minnesota Nongame Wildlife Fund.
Do not include any interest that may have been included in the refunds you received. 
Lines 38 and 43
Lines 38 and 43 should reflect the changes to your tax and/or credits as reported on lines 1 through 30 of Form M4X. If you have unpaid 
taxes on your original Form M4, Form M4X is not intended to show your corrected balance due. 
Line 38
If line 38 is a negative amount, treat it as a positive amount and add it to line 37. Enter the result on line 38. This is the amount you owe, 
which is due when you file your amended return. You cannot use any funds in your estimated tax account to pay this amount. Continue with 
line 39.

                                                                                                  Continued                                      2

                                                  FINAL DRAFT 10/2/23
2023 Form M4X Instructions (Continued)

Line 39
If only one of the penalties below applies, you must multiply line 38 by 10% (0.1). If both penalties apply, multiply line 38 by 20% (0.2). Enter 
the result on line 39.
•  The IRS assessed a penalty for negligence or disregard of rules or regulations
•  You failed to report federal changes to the department within 180 days as required
Line 41
Interest is calculated as simple interest and accrues on unpaid tax and penalties from the regular due date until it is paid in full. Use the 
formula below with the appropriate interest rate: 
   Interest = line 40 x number of days past the due date x interest rate ÷ 365
The interest rate is determined each October for the following calendar year. The rate for 2024 is X%. Rates for years after 2024 will be 
available on our website.
If the days fall in more than one calendar year, you must determine the number of days separately for each year. 
Penalty will be assessed if the additional tax and interest are not paid with the amended return.
Line 42
If your estimated tax payments during the last 12-month period ending June 30 totaled $10,000 or more, you are required to make all tax 
payments electronically starting January 1 of the following year. Once you meet the electronic payment threshold, you are required to pay 
electronically for all future periods.
You must also pay electronically if you’re required to pay any Minnesota business tax electronically, such as sales or withholding tax. If you 
are required to pay electronically and do not, an additional 5% penalty applies to payments not made electronically, even if a paper check is sent on 
time. 

Electronic Payment Options
Bank Account
Go to www.revenue.state.mn.us, and selectMake a Payment. Follow the prompts for a business to make a corporation franchise tax 
payment. You’ll need your Minnesota tax ID number, password and banking information. You cannot use a foreign bank account. 
Note: If you’re using the system for the first time and you need a temporary password, call 651-282-5225 or 1-800-657-3605.
After you authorize the payment, you’ll receive a confirmation number. You can cancel a payment up to one business day before the 
scheduled payment date, if needed.
Credit or Debit Card
Go to www.revenue.state.mn.us, and select Make a Payment. Select Credit or Debit Card. Your payment will be processed by a third-
party vendor. The vendor charges a fee for the service.  
Automated Clearing House (ACH) credit method and Fed Wire. If you use other electronic payment methods, such as ACH credit 
method or Fed Wire, be sure to check with your bank or Fed Wire representative to find out when to initiate the payment in order for it to be 
received on time. Some banks require up to three business days to transfer funds.
Check or Money Order
Go to www.revenue.state.mn.us and select Make a Payment. Select Check or Money Order. Use the Payment Voucher System to create a 
voucher. 
If you are filing a paper return, send the voucher and your check or money order separately from your return to ensure that we properly credit 
your payment to your account. Your check authorizes us to make a one-time electronic fund transfer from your account. You will not receive 
your canceled check.
Line 43
If you are expecting a refund, you must provide the requested banking information to have the full amount deposited directly into your bank 
account. You must use an account not associated with any foreign banks.
Your bank statement will indicate when your refund was deposited to your account. 
This refund cannot be applied to your estimated tax account.

Signature
The return must be signed by a person authorized by the corporation.  

                                                                                                                 Continued                     3

                                                FINAL DRAFT 10/2/23
2023 Form M4X Instructions (Continued)

Preparer Information
If you pay someone to prepare your return, the preparer must sign the return and enter their PTIN number and phone number.
Check the box to authorize the department to discuss this return with the preparer. This authority allows us to discuss with your preparer 
these items from this return: line item details; tax due on original and adjustments made during processing; penalty or interest due; documents 
received or sent like a tax order or bill; and dates and amounts of payments, credits, or refunds. The authority also allows your preparer to 
cancel direct deposit or debit payments and submit an abatement request.
The authority granted by a marked return checkbox is valid for one year after the due date for current original returns, or one year from the 
date the form was submitted for amended and noncurrent original returns.
Checking the box does not give your preparer the authority to sign any tax documents on your behalf, represent you at any audit or appeals 
conference, or discuss abatement progress. For these types of authorities, you must file Form REV184b, Business Power of Attorney, with the 
department.

For Additional Information
Website: www.revenue.state.mn.us
Email:  BusinessIncome.Tax@state.mn.us
Phone:  651-556-3075 
  
This material is available in alternate formats.

                                                                                                                                              4