If you are preparing an M706 this year, be aware that there are new assembly instructions for attachments in the 2008 M706 Instructions.
The preferred method of submission of attachments is to “use binder clips, 3-ring binders or 2-prong fasteners. Do not use bindings, staples, or colored paper as separators” (emphasis in original).
That last phrase (“colored papers as separators”) caught my eye. For the past several years I’ve prepared M706 attachments in that way. Our office now affectionately calls this new instruction, “the Boyd rule”, though I’m sure I wasn’t the only one to do it like that.
As an alternative to the “preferred method”, Minnesota Revenue also now allows submission of certain forms, documents, and attachments on a CD. See the instructions for details.
Remember that when you submit an M706, the return is guaranteed to be hand-reviewed. Therefore, neatness in your submission is important. Make it easy for the reviewer to find exhibits and navigate through your return.
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