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Minnesota Form M15C (Additional Charge for Underpayment of ... 2026
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How to use or fill out Minnesota Form M15C (Additional Charge for Underpayment of Estimated Tax)
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- Click ‘Get Form’ to open it in the editor.
- Begin by entering the name of your corporation and the FEIN in the designated fields at the top of the form.
- For Line 1, input your 2019 tax amount from Form M4, ensuring to round to the nearest whole dollar. If this amount is less than $500, you do not need to complete this form.
- Proceed to Line 2 and enter your 2018 tax amount from your previous year's Form M4.
- In Line 3, enter the lesser of Line 1 or Line 2 as your required annual payment.
- Fill in the due dates for each quarter in Line 4, followed by required installments in Line 5 based on your calculated amounts.
- Continue filling out Lines 6 through 13 according to instructions provided, ensuring accuracy with payments made each period.
- Finally, calculate any additional charges on Lines 14 through 17 and ensure all calculations are correct before submission.
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