M4NP: Unrelated Business Income Tax (UBIT) Return (2025)
Minnesota · Minnesota DOR · Used for tax years 2025
Form M4NP is Minnesota’s 2025 Unrelated Business Income Tax (UBIT) Return for tax-exempt organizations, cooperatives, homeowners associations, and political organizations with unrelated business income. It reports taxable income, deductions, credits, and payments to calculate Min
Who files this form
The 2025 Form M4NP is for tax-exempt organizations, cooperatives, homeowners associations, and political organizations with unrelated business income.
The form asks which federal return the organization files: Form 990-T, 1120-C, 1120-H, or 1120-POL.
What you'll need
- A complete copy of your federal Form 990-T, 1120-C, 1120-H, or 1120-POL and all supporting schedules. Attach these to your return.
- Your organization's FEIN, required Minnesota Tax ID, and tax-year beginning and ending dates.
- Amounts for any credit carried forward from your 2024 Form M4NP, 2025 estimated tax payments, and 2025 extension payment.
- Form M4NPI for income adjustments, deductions, and credits, as applicable.
- Schedule M4NPA if you conducted business both within and outside Minnesota.
- Form M4NP NOL if claiming a Minnesota net operating loss deduction, and Form M15NP if reporting an additional charge for underpayment of estimated tax.
- Form TPD if reporting a Tax Position Disclosure.
- A credit certificate and NPS project number if claiming the Historic Structure Rehabilitation Credit.
- Your account type, routing number, and account number if requesting direct deposit of a refund.
How to file
Complete Form M4NP and the applicable schedules. Enter the required tax-year dates and Minnesota Tax ID, round amounts to the nearest whole dollar, and sign and date the return.
Attach a complete copy of your federal Form 990-T, 1120-C, 1120-H, or 1120-POL and all supporting schedules.
Mail the return to:
Minnesota Department of Revenue
Mail Station 1257
600 N. Robert St.
St. Paul, MN 55146-1257
The form lists electronic payment and check payment options. It does not provide e-filing instructions.
Common mistakes
- Leaving required information blank. The Minnesota Tax ID and tax-year beginning and ending dates are required.
- Not rounding amounts. The forms require amounts rounded to the nearest whole dollar.
- Completing Schedule M4NPA when all business was in Minnesota. Do not complete that schedule if all activities were in Minnesota. Enter Form M4NP, line 5, on line 6 instead.
- Omitting federal attachments. Attach a complete copy of the applicable federal return and all supporting schedules.
- Leaving out required explanations on Form M4NPI. Provide a brief explanation for entries where the form requires one.
- Using a foreign-bank-associated account for direct deposit. The form says to use an account not associated with any foreign banks.
Questions people ask
What regular tax rate does the 2025 form use?
Line 11 calculates regular tax by multiplying taxable income on line 10 by 9.8% (0.098). If the result is zero or less, enter zero.
Do I need Schedule M4NPA?
Complete Schedule M4NPA if you conducted business both within and outside Minnesota during the year. Do not complete it if all your business was in Minnesota.
Can I apply an overpayment to next year's estimated tax?
Yes. Line 32 lets you enter the amount of your overpayment to credit to your 2026 estimated tax. Line 33 calculates the remaining refund.
Can I have my refund directly deposited?
Yes. Enter your checking or savings account type, routing number, and account number. Use an account not associated with any foreign banks.