Instructions for Form M2 Income Tax Return for Estates and Trusts - Minnesota

Form M2 Income Tax Return for Estates and Trusts - Minnesota

This document contains official instructions for Form M2 , Income Tax Return for Estates and Trusts - a form released and collected by the Minnesota Department of Revenue. An up-to-date fillable Form M2 is available for download through this link.

FAQ

Q: What is Form M2?
A: Form M2 is an income tax return specifically designed for estates and trusts in Minnesota.

Q: Who needs to file Form M2?
A: Estates and trusts in Minnesota need to file Form M2 if they have gross income of $600 or more for the taxable year.

Q: What information is required on Form M2?
A: Form M2 requires information related to the estate or trust's income, deductions, credits, and distributions.

Q: When is the deadline to file Form M2?
A: Form M2 must be filed by the 15th day of the 4th month following the close of the taxable year.

Q: Are there any extensions available for filing Form M2?
A: Yes, estates and trusts can request an extension of time to file Form M2.

Q: Is there a penalty for late filing of Form M2?
A: Yes, there may be penalties for late filing or failure to file Form M2.

Q: Can I e-file Form M2?
A: No, Form M2 must be filed by mail and cannot be e-filed.

Q: Are there any additional forms or schedules that need to be attached to Form M2?
A: Yes, depending on the specific circumstances, additional forms and schedules may need to be attached to Form M2.