field_block:node:page:title
Unrelated Business Income Tax Filing Requirements
field_block:node:page:body
Tax-exempt organizations doing business in Minnesota that file federal Unrelated Business Income Tax (UBIT) returns, such as forms 990-T, 1120-C, 1120-H, or 1120-POL, are required to file Minnesota's Form M4NP, Unrelated Business Income Tax Return, and pay tax on the Minnesota federal taxable income.
Note: Organizations must file Form 990-T if the gross income from all unrelated businesses is $1,000 or more, in addition to filing any other required returns or notices such as forms 990, 990-EZ, or 990-N.
field_block:node:page:field_paragraph
The due date for filing Form M4NP and paying the tax owed follows the federal due date.
| If you file federal form | File M4NP and pay tax by the 15th day of the |
|---|
| 1120-H or 1120-POL | Fourth month after the end of the tax year |
| 990-T | Fifth month after the end of the tax year |
| 1120-C | Ninth month after the end of the tax year |
Short-year returns are due by the 15th day of the third month following the month in which the short year ends.
Note: If you file federal Form 1120, file Form M4, Corporate Franchise Tax Return.
If you or the IRS makes changes to your federal return, you must amend your UBIT return within 180 days to reflect the federal changes.
If you amend your return, file a new Form M4NP for that year (including schedules M4NPA and M4NPI).
Check the “Amended return” box near the top of the form. When you file, include a copy of your amended federal return or IRS correction notice.
Note: If you do not report the federal changes as required, we will assess a 10% penalty on any additional tax due, plus interest.
