Business income tax

*Reminder*

A partnership or S corporation must make quarterly estimated tax payments if the sum of these estimated taxes, less any credits allowed against the tax, is $500 or more:


* Minimum fee
* Nonresident withholding
* Composite income tax
* Pass-through entity tax

Quarterly estimated payments are due for calendar year filers:


* April 15
* June 15
* September 15
* January 15 of the following year

*?**How do I calculate my estimated payments?*

The partnership or S corporation must pay quarterly installments based on its required annual payment. The annual payment amount is equal to the lesser of either:


* The business? total tax liability for the prior tax year
* 90% of all the taxes listed, less any credits allowed against the tax for the current tax year

*How do I make my estimated tax payment?*


* Make your payment electronically using our e-Services system [ [link removed] ]
* Visit Make a Payment [ [link removed] ] for more payment options

*?**Need help?*


* Visit Estimated Tax Payments for Partnerships [ [link removed] ] or Estimated Tax Payments for S Corporations [ [link removed] ]
* View your account information in e-Services [ [link removed] ]
* For filing assistance, call us at 651-556-3075

*No Longer in Business?*

If you are no longer in business, you can close your account by calling 651-556-3075.

*?*




Visit our website:
www.revenue.state.mn.us [ [link removed] ]

Logo



STAY CONNECTED: Visit us on Twitter [ [link removed] ] Find us on Facebook [ [link removed] ] Visit us on YouTube [ [link removed] ] Instagram [ [link removed] ] LinkedIn [ [link removed] ] Sign up for email updates [ [link removed] ]

SUBSCRIBER SERVICES:
Manage Preferences [ [link removed] ]? |??Help [ [link removed] ]? |??Contact Us [ [link removed] ]

Bookmark and Share [ [link removed] ]



________________________________________________________________________

This email was sent to [email protected] using GovDelivery Communications Cloud on behalf of the: Minnesota Department of Revenue ? 600 North Robert Street ? Saint Paul, MN 55101 ? 651-556-3000 GovDelivery logo [ [link removed] ]