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Instructions for 2023 Form M2X
For additional information, see the 2023 Form M2 instructions
Who Should File M2X?
This form should be filed by fiduciaries to correct—or amend—an original 2023 Form M2.
Federal return adjustments. If the Internal Revenue Service (IRS) changes or audits your federal return or you amend your federal return and
it affects your Minnesota return or distributions to beneficiaries, you must file an amended Minnesota return within 180 days. If you are filing
Form M2X based on an IRS adjustment, check the box at the top of the form and attach a copy of your amended federal return or correction
notice you received from the IRS to Form M2X.
If the changes do not affect your Minnesota return or Schedules K-1, you have 180 days to send a letter of explanation and a copy of your
amended federal return or the correction notice to: Minnesota Fiduciary Tax, Mail Station 5140, 600 N. Robert St., St. Paul, MN 55146-5140. If
you fail to report as required, a 10% penalty will be assessed on any additional tax. See line 36 instructions.
Claim for refund. Use Form M2X to make a claim for refund and report changes to your Minnesota liability. 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 court or the tax court.
When to File
File Form M2X only after you have filed your original return. You may file Form M2X 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.
Filing Reminders
• The amended return must be signed by the fiduciary or authorized officer of the organization receiving, controlling or managing the
income of the estate or trust. The person must also include his or her ID number.
• If someone other than the fiduciary prepared the return, the preparer must also sign.
• Round amounts to the nearest dollar. Drop amounts less than 50 cents and increase amounts 50 cents or more to the next higher dollar.
• Forms and information are available on our website at www.revenue.state.mn.us.
If you need help completing your amended return, call 651-556-3075. We’ll provide information in other formats upon request.
Explanation
On page 4 of Form M2X, include a detailed explanation of why the original return was incorrect. Providing this information will help us verify
the amended amounts.
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.
The identity and income information of the beneficiaries are required under state law so the department can determine the beneficiaries’ correct
Minnesota taxable income and verify if the beneficiaries have filed returns and paid the tax. The Social Security numbers of the beneficiaries are
required to be reported on Schedule KF under M.S. 289A.12, subd. 13.
Line Instructions
Columns A, B, C
• Column A: Enter the amounts shown on your original return or as later adjusted by an amended return or audit report.
• Column B: Enter the dollar amount of each change as an increase or decrease for each line you are changing. Show all decreases in
parentheses. Explain the changes in detail within the Explanation of Change on page 4 of Form M2X. If the changes involve items requiring
supporting information, attach to Form M2X the appropriate schedule, statement or form to verify the corrected amount.
• Column C: Enter the corrected amounts after the increases or decreases. If there are no changes, enter the amount from column A.
Line 2
Use Schedule M2NM, Non-Minnesota Source Income and Related Expenses, to determine the amount to include on line 2.
Line 7
Use Schedule M2NM to determine the amount to include on line 7.
Line 31
Enter the total of the following tax amounts, whether or not paid.
1. For the original 2023 M2 return, the amount from line 32.
2. For all previously filed 2023 M2X Returns, the amount from line 31.
3. 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 33
Enter the total of the following refund amounts, whether or not the refund has been received.
1. For the original 2023 M2 return, the amount from line 37.
2. For all previously filed 2023 M2X Returns, the amount from line 33.
3. Refund or reduction in tax from a protest or other type of audit adjustment.
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