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This document is the 2024 Minnesota Individual Income Tax Form M1, which is used for filing individual income tax returns in Minnesota. It includes sections for personal information, federal filing status, income calculations, deductions, credits, and tax owed or refund due. The form also provides options for contributing to the State Elections Campaign Fund and allows taxpayers to designate their political party preference.

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What is form m1?

Form M1 is a tax form used by certain organizations, primarily nonprofit and tax-exempt entities, to report their financial information to the appropriate tax authority.

Who is required to file form m1?

Organizations that are recognized as tax-exempt under the Internal Revenue Code and are required to report their financial activities, such as charitable organizations, are typically required to file Form M1.

How to fill out form m1?

To fill out Form M1, organizations must provide their financial information, including income, expenses, and any other necessary data as outlined in the form's instructions. Careful attention to detail and accurate reporting is essential.

What is the purpose of form m1?

The purpose of Form M1 is to ensure that tax-exempt organizations report their financial activities and maintain transparency regarding their income and expenditures.

What information must be reported on form m1?

Form M1 requires organizations to report income, expenses, program service accomplishments, and any other relevant financial data as specified in the filing instructions.

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