Lion EA Posted April 3, 2009 Report Posted April 3, 2009 The Minnesota legislature recently enacted legislation to conform with the December 2008 Internal Revenue Code, including certain bonus depreciation provisions. This legislation will be retroactive to January 1, 2008, pending the governor’s signature. In reaction to these legislative changes, the Minnesota Department of Revenue has announced that effective April 7, 2009, Minnesota will reject Individual electronically filed returns that include Form M1NC, lines 3-15. Release 2008.03041 contains these legislative changes for the 1040, 1041, 1065, 1120, and 1120S programs, and is tentatively scheduled to post the evening of Monday, April 6, 2009, to coincide with the Minnesota Department of Revenue’s Individual electronic filing changes. Affected returns should be recalculated on Release 2008.03041 and submitted after April 6. Scans will be available the week of April 6 to identify affected returns in each system. Sincerely, CCH, a Wolters Kluwer business Quote
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