Form M4 — Corporation Franchise Tax Return (incl. M4I, M4A, M4T) (2025)

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Mailing Address Check if new address Business Activity Code (from federal) Minnesota Tax ID Number FEIN Name of Corporation/Designated Filer

254011
2025 M4, Corporation Franchise Tax Return Do not use staples on anything you submit.
Tax year beginning (MM/DD/YYYY) and ending (MM/DD/YYYY)
City State ZIP Code
Former Name (if changed since previous year return) Federal Consolidated Common Parent Name (if different) FEIN Check if filing a combined income return Check if reporting Tax Position Disclosure (Enclose Form TPD) Is this your final C corporation return? If yes, indicate if: Check if a member of the group (place an X in the boxes that apply):
Withdrawn Dissolved Merged S corp election is claiming is a Co-op is in Bankruptcy owns a captive Public Law insurance 86-272 company Has a federal examination been finalized? (list years) Report changes to federal income tax within 180 days of final determination.
If there is a change in tax, you must report
Is a federal examination now in progress? (list years) it on Form M4X.
You must round amounts
Tax years and expiration date(s) of federal waivers: to nearest whole dollar 1 Minnesota tax liability (from M4T, line 28) 1 2 Minnesota Nongame Wildlife Fund donation (see instructions, pg. 6) 2 3 Add lines 1 and 2 3 4 Enterprise Zone Credit (attach Enterprise Zone Credit Form) 4 5 Credit for Historic Structure Rehabilitation (attach credit certificate) 5 Enter National Park Service (NPS) project number:
6 Credit for Sustainable Aviation Fuel .. 6
Enter certificate number from the Department of Agriculture:
7 Minnesota refundable credit for increasing research activities (from RD, line 37) 7 8 Minnesota backup withholding... .. 8 9 Amount credited from your 2024 return .. .. 9 10 Total corporate estimated tax payments made for 2025 10
11 2025 extension payment ... . 11
12 Add lines 4 through 11... . 12
13 Tax due. If line 3 is more than line 12, subtract line 12 from line 3 13
Continued next page

2025 M4, Page 2
254021
Name of Corporation/Designated Filer FEIN Minnesota Tax ID
14 Penalty (see instructions, pg. 6 and 7) 14
15 Interest (see instructions, pg. 7) 15
16 Additional charge for underpayment of estimated tax (attach Schedule M15C) 16 17 AMOUNT DUE. If you entered an amount on line 13, add lines 13 through 16 Payment Method: Electronic (see inst., pg. 3), or Check (see inst., pg. 3) 17 18 Overpayment. If line 12 is more than the sum of lines 3 and 14 through 16, subtract line 3 and 14 through line 16 from line 12. If line 12 is less than the sum of lines 3 and 14 through 16, see instructions, pg. 7 18 19 Amount of line 18 to be credited to your 2026 estimated tax . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 19 20 REFUND. Subtract line 19 from line 18 20 If you have a refund, you must enter your banking information below.
Account Type:
Checking Savings Routing Number Account Number (use an account not associated with any foreign banks)
I declare that this return is correct and complete to the best of my knowledge and belief.
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Authorized Signature Title Date (MM/DD/YYYY) Direct Phone
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Signature of Preparer PTIN Date (MM/DD/YYYY) Preparer's Direct Phone Print name of person to contact within corporation to discuss this return Title Direct Phone
Include a complete copy of your federal return including schedules as filed with the IRS.
If you're paying by check, see instructions, page 3.
I authorize the Minnesota Department of Revenue Mail to: Minnesota Department of Revenue to discuss this tax return with the preparer.
Mail Station 1250
I do not want my paid preparer to file my return 600 N. Robert St. electronically.St. Paul, MN 55146-1250

254111
2025 M4I, Income Calculation
See instructions beginning on page 8.
Name of Corporation/Designated Filer FEIN Minnesota Tax ID
You must round amounts to nearest whole dollar
1 a. Federal taxable income before net operating loss deduction and special deductions (from federal Form 1120, line 28, or see inst., pg. 8) 1a b. Interest expense limitation for combined reports 1b 2 Additions to income a. Federal deduction taken for taxes based on net income and minimum fee 2a b. Federal deduction for capital losses (IRC sections 1211 and 1212) 2b c. Interest income exempt from federal income tax 2c d. Exempt interest dividends (IRC section 852[b][5]) 2d e. Losses from mining operations subject to occupation tax 2e f. Federal deduction for percentage depletion (IRC sections 611-614 and 291) ... 2f g. Federal bonus depreciation and suspended loss (IRC section 168[k]) 2g h. Addition due to federal changes not adopted by Minnesota (Schedule M4NC, line 31) 2h i. This line intentionally left blank 2i j. This line intentionally left blank 2j k. This line intentionally left blank 2k Total additions (add lines 2a through 2k) 2 3 Total (add lines 1a, 1b, and 2) 3

2025 M4I, Page 2
See instructions beginning on page 9. 254121
Name of Corporation/Designated Filer FEIN Minnesota Tax ID
4 Subtractions from income a. Refund of taxes based on net income included in federal taxable income 4a b. Minnesota deduction for capital losses 4b c. Certain federal credit expenses (see instructions, pg. 10; attach schedule) 4c d. Gross-up for foreign taxes deemed paid under IRC section 78 4d e. Expenses relating to income taxable by Minnesota, but federally exempt 4e f. Dividends paid by a bank to the U.S. government on preferred stock 4f g. Income/gains from mining operations subject to the occupation tax 4g h. Deduction for cost depletion 4h i. Subtraction for prior bonus depreciation addback 4i j. This line intentionally left blank 4j k. Delayed business interest 4k l. Deferred foreign income (Section 965) 4l m. Disallowed section 280E expenses of a licensed cannabis or hemp business .. 4m n. Employee Retention Credit subtraction 4n o. Subtraction due to federal changes not adopted by Minnesota (Schedule M4NC, line 31, as a positive number) 4o p. This line intentionally left blank 4p q. This line intentionally left blank 4q r. This line intentionally left blank 4r Total subtractions (add lines 4a through 4r) 4 5 Intercompany eliminations (attach schedule) 5 6 Add lines 4 and 5 6 7 Minnesota net income (subtract line 6 from line 3) 7 8 Total nonapportionable income (see instructions, pg. 11; attach schedule) 8 9 Minnesota apportionable income (subtract line 8 from line 7). Enter on Form M4T, line 1 9

B 1
Single/Designated Filer
B2 B3
Corporation Name
FEIN
Minnesota Tax ID

2025 M4A, Apportionment/Fee Calculation
254211
A
Total in and outside Minnesota In Minnesota In Minnesota In Minnesota 1 Average inventory a1 2 Average tangible property and land owned/used (at original cost) . . a2
3 Capitalized rents (gross rents x 8)... ... . a3
4 Total property (add lines 1, 2 and 3) . a4
5 Payroll/officer's compensation ... . a5
6 MN sales or receipts a6
7 MN sales of non-filing entities (see instructions pg. 12)... ... . a7 8 Sales or receipts (add lines 6 and 7) (Financial institutions: see inst., pg. 14) . 8 a8 9 Minnesota apportionment factor (divide each line 8B amount by line 8A; carry to six decimal places) . a9
Enter amounts on Form M4T, line 2.
MINIMUM FEE CALCULATION (see inst., pg. 13)
10 Adjustments (see inst., pg. 13 and 14; attach schedule) ... . a10 11 Add lines 4, 5, 8 and 10 .. . a11 12 Minimum fee (see table below) ... .. . a12
Enter amounts on Form M4T, line 16.
Minimum Fee Table
If the amount Enter this amount on line 11 is: on line 12: less than $1,250,000 $0 1,250,000 to $2,509,999 $260 $2,510,000 to $12,539,999 $750 $12,540,000 to $25,069,999 $2,510 $25,070,000 to $50,139,999 $5,020 $50,140,000 or more $12,540 b1 b2 b3 b4 b5 b6 b7 b8 b9 b10 b11 b12 c1 c2 c3 c4 c5 c6 c7 c8 c9 c10 c11 c12

254311
1 2 32025 M4T, Tax Calculation B B B
Single/designated filer
Corporation Name
FEIN
Minnesota Tax ID
1 Minnesota apportionable income
(enter amount from M4I, line 9, in each column) . a1 b1 c1
2 Apportionment factor (from M4A, line 9) ... . . a2 b2 c2
3 Net income apportioned to Minnesota
(multiply line 1 by line 2) ... ... . a3 b3 c3
4a Minnesota nonapportionable income
(see inst., pg. 15; attach schedule) ... . a4a b4a c4a
4b Minnesota nonunitary partnership income
(see inst., pg. 15; attach schedule) . a4b b4b c4b
5 Taxable net income (add lines 3, 4a, and 4b)... . a5 b5 c5
6 Net operating loss deduction (from NOL) . . . . . . . . . . . . . . . . a6 b6 c6 7 Subtract line 6 from line 5 . a7 b7 c7 8 Deduction for dividends received (see inst., pg. 15)... . a8 b8 c8 9 Taxable income (subtract line 8 from line 7) ... . a9 b9 c9 10 Regular tax (multiply line 9 by 0.098; if result is zero or less, leave blank) ... . a10 b10 c10 11 Alternative minimum tax (AMT) (from AMTT, line 10) . a11 b11 c11 12 Add lines 10 and 11 . ... . a12 b12 c12 13 AMT credit (from AMTT, line 13)... . . a13 b13 c13 14 Minnesota nonrefundable credit for increasing research activities (from RD, line 46) ... . a14 b14 c14 15 Subtract lines 13 and 14 from line 12... . a15 b15 c15 16 Minimum fee (from M4A, line 12)... . a16 b16 c16 17 Tax liability by corporation (add lines 15 and 16) ... . a17 b17 c17 18 Film Production Tax Credit... . . a18 b18 c18 Enter the credit certificate number: TAXC -19 Tax Credit for Owners of Agricultural Assets (see inst.)... . . a19 b19 c19 20 Employer Transit Pass Credit (from ETP, line 4) ... . . a20 b20 c20 9995 Continued next page

2025 M4T, Page 2
254321
B1 B2 B3
Single/designated filer
Corporation Name
FEIN
Minnesota Tax ID
21 State Housing Tax Credit . . a21 b21 c21
Enter the credit certificate number from Minnesota Housing: SHTC - -22 Short Line Railroad Infrastructure Modernization Credit .. . a22 b22 c22 Enter certificate number from the certificate you received from the Minnesota Department of Transportation: MN-SLR -23 Credit for Sales of Manufactured Home Parks to Cooperatives... . . a23 b23 c23 24 Carryover credits from prior years (see instructions) . . a24 D — Name of Credit E — Certificate Number F — Unused Credit b24 G — MNID c24 d1 e1 f1 g1 d2 e2 f2 g2 d3 e3 f3 g3 25 LIFO Recapture Tax Deferral . a25 b25 c25 26 Add lines 18 through 25... ... . a26 b26 c26 27 Subtract line 26 from line 17 ... . a27 b27 c27 28 Add all amounts on line 27. This is your MINNESOTA TAX LIABILITY
Enter on Form M4, line 1.