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  Minnesota Department of Revenue · [email protected]
June 30, 2023 at 9:06 PM

We still have room in our July employment tax seminar

We still have room in our July employment tax seminar Want to learn more about state employment taxes and other employer responsibilities? The Minnesota Business Tax Education Partnership is holding seminars for employers and their representatives with experts from these agencies: ? …
  Minnesota Department of Revenue · [email protected]
June 28, 2023 at 8:06 PM

Motor Vehicle Sales Tax Rate Increase July 1, 2023.

Motor Vehicle Sales Tax Rate Increase July 1, 2023. Starting July 1, 2023 the Motor Vehicle Sales Tax rate will increase from 6.5% to 6.875%. We updated the Motor Vehicle Guide to reflect the rate change. Visit our website:www.revenue.state.mn.us STA…
  Minnesota Department of Revenue · [email protected]
June 26, 2023 at 3:24 PM

Updated Guidance on Estate Recapture Tax

Updated Guidance on Estate Recapture Tax The department has updated its guidance when there is estate recapture tax on qualified small business or farm property. For more information, visit the Qualified Small Business and Farm Property Deduction page on our website. You may also see …
  Minnesota Department of Revenue · [email protected]
June 23, 2023 at 4:33 PM

Increase to 2022 Property Tax Refunds

Increase to 2022 Property Tax Refunds The recent Minnesota tax legislation increased refunds for the 2022 Homestead Credit Refund (for Homeowners) and Renter?s Property Tax Refund (Form M1PR). If you already filed a 2022 Form M1PR, you may see a larger refund than originally claimed. …
  Minnesota Department of Revenue · [email protected]
June 22, 2023 at 1:02 PM

Cigarette Stamp Orders Week of July 3

Cigarette Stamp Orders Week of July 3 Cigarette Stamp Orders Week of July 3 The Department of Revenue will be closed Tuesday, July 4. We will ship cigarette stamp orders Wednesday, July 5, and Friday, July 7. We must receive your order by 10 a.m. for same-day shipping. We will process…
  Minnesota Department of Revenue · [email protected]
June 21, 2023 at 4:02 PM

New Tax for Hemp and Cannabis Products

New Tax for Hemp and Cannabis Products If you sell certain hemp or cannabis products, you must remit the cannabis tax. You must register and remit tax for sales beginning on July 1, 2023. Why is this changing?On May 30, 2023, a bill was signed to legalize the sale and use of recreatio…
  Minnesota Department of Revenue · [email protected]
June 21, 2023 at 3:00 PM

Minnesota Department of Revenue seeks feedback on Form W-4MNP

Minnesota Department of Revenue seeks feedback on Form W-4MNP Due to recent tax law changes, the Minnesota Department of Revenue is seeking feedback by July 7 on changes to Form W-4MNP, Minnesota Withholding Certificate for Pension or Annuity Payments. We would like your feedback o…
  Minnesota Department of Revenue · [email protected]
June 21, 2023 at 2:51 PM

Minnesota Department of Revenue seeks feedback on Form W-4MNP

Minnesota Department of Revenue seeks feedback on Form W-4MNP Due to recent tax law changes, the Minnesota Department of Revenue is seeking feedback by July 7 on changes to Form W-4MNP, Minnesota Withholding Certificate for Pension or Annuity Payments. We would like your feedback o…
  Minnesota Department of Revenue · [email protected]
June 15, 2023 at 8:33 PM

Minnesota Department of Revenue updates Tax Law Changes on Website

Minnesota Department of Revenue updates Tax Law Changes on Website We are updating state tax forms and filing systems to reflect changes made to Minnesota?s tax code during the legislative session that ended May 22. A number of tax changes were enacted this year. Some may affect previ…
  Minnesota Department of Revenue · [email protected]
June 12, 2023 at 2:06 PM

Distributor Cigarette Tax and Tobacco Tax Returns Due June 20

Distributor Cigarette Tax and Tobacco Tax Returns Due June 20 Distributor Returns due?June 20 Your May return and payment for Cigarette Tax or Tobacco Tax are due June 20. (The normal due date falls on the weekend and the Juneteenth holiday is June 19.) If you are required to file the…
  Minnesota Department of Revenue · [email protected]
June 5, 2023 at 1:33 PM

C corporation Quarterly Estimated Payment Due June 15

C corporation Quarterly Estimated Payment Due June 15 Reminder C corporations must make quarterly estimated tax payments if their Corporation Franchise Tax liability exceeds $500 for the year. C corporation estimated payments are due: March 15 June 15 September 15 December 15 How ca…
  Minnesota Department of Revenue · [email protected]
June 2, 2023 at 2:27 PM

Partnership and S Corporation Estimated Payments Due June 15

Partnership and S Corporation Estimated Payments Due June 15 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 Composit…
  Minnesota Department of Revenue · [email protected]
May 31, 2023 at 2:06 PM

Military Appreciation Month – Check out our Minnesota military tax tips video

Military Appreciation Month ? Check out our Minnesota military tax tips video If you are a U.S. military member or veteran, you may qualify for special tax benefits. These benefits may save you money and help reduce your Minnesota tax owed. For details, check out the Minnesota Depa…
  Minnesota Department of Revenue · [email protected]
May 25, 2023 at 4:42 PM

We still have openings for our Withholding Tax Employer Responsibilities webinar next week

We still have openings for our Withholding Tax Employer Responsibilities webinar next week Want to learn more about Minnesota Withholding Tax and your responsibilities as an employer? The Minnesota Department of?Revenue is holding free webinars designed?for business owners, tax and pa…
  Minnesota Department of Revenue · [email protected]
May 25, 2023 at 1:16 PM

Military Appreciation Month – Property tax exclusion for veterans with disabilities

Military Appreciation Month ? Property tax exclusion for veterans with disabilities You may qualify for a property tax exclusion on your home. The exclusion may lower the amount of property taxes you pay. This program is administered by Minnesota counties. Do I qualify for this exclus…
  Minnesota Department of Revenue · [email protected]
May 24, 2023 at 6:06 PM

Update on direct tax rebate payments and the 2023 legislative session

Update on direct tax rebate payments and the 2023 legislative session Today, Governor Tim Walz signed legislation that directs the Minnesota Department of Revenue to distribute direct tax rebate payments. These payments are:  $520 for married joint filers who had a 2021 adjusted…
  Minnesota Department of Revenue · [email protected]
May 18, 2023 at 4:13 PM

Tax Professional Tip #20 – Filing season update

Tax Professional Tip #20 ? Filing season update Congratulations on completing another successful filing season! You continue to e-file more returns and more than half (55%) of the returns we received were prepared by tax professionals like you, which was very similar to last year. Tha…
  Minnesota Department of Revenue · [email protected]
May 17, 2023 at 1:31 PM

Military Appreciation Month – Claim a subtraction for military pensions

Military Appreciation Month ? Claim a subtraction for military pensions You may be able to subtract certain military retirement pay (including pensions) from your Minnesota taxable income and alternative minimum taxable income. Do I qualify? You may qualify if your retirement pay is t…
  Minnesota Department of Revenue · [email protected]
May 11, 2023 at 5:03 PM

Tax Professional Tip #19 – What to do when a letter arrives

Tax Professional Tip #19 ? What to do when a letter arrives Getting a letter from the Minnesota Department of Revenue can be stressful for your clients. If your clients receive letters from us: Read the entire letter carefully. Most letters deal with a specific issue and provide ins…
  Minnesota Department of Revenue · [email protected]
May 11, 2023 at 2:06 PM

Distributor Cigarette Tax and Tobacco Tax Returns Due May 18

Distributor Cigarette Tax and Tobacco Tax Returns Due May 18 Distributor Returns Due May 18 Your April return and payment for Cigarette Tax or Tobacco Tax are due May 18. You can file your return and pay any tax due electronically through e-Services. Questions? Contact us at cigarette…
  Minnesota Department of Revenue · [email protected]
May 10, 2023 at 1:36 PM

Military Appreciation Month – Claim your 2019 combat zone tax credit

Military Appreciation Month ? Claim your 2019 combat zone tax credit The Minnesota Department of Revenue reminds Minnesota service members to take advantage of the refundable 2019 Credit for Military Service in a Combat Zone. The 2019 credit expires for most qualifying service members…
  Minnesota Department of Revenue · [email protected]
May 5, 2023 at 8:10 PM

Tax Professional Tip #18 – Filing amended returns

Tax Professional Tip #18 ? Filing amended returns You must file an amended Minnesota return if any of these apply: You or your client discover an error on their Minnesota return The IRS made changes to your client?s federal return You amended your client?s federal return What should…
  Minnesota Department of Revenue · [email protected]
May 3, 2023 at 1:20 PM

May is National Military Appreciation Month!

May is National Military Appreciation Month! In honor of National Military Appreciation Month, the Minnesota Department of Revenue reminds military members and their families about Minnesota?s valuable military-related tax benefits. We will send weekly messages throughout the month to…
  Minnesota Department of Revenue · [email protected]
May 1, 2023 at 4:09 PM

REMINDER: Upcoming employment tax seminars

REMINDER: Upcoming employment tax seminars Want to learn more about state employment taxes and other employer responsibilities? The Minnesota Business Tax Education Partnership is holding seminars for employers and their representatives with experts from these agencies: ? Minnesota D…
  Minnesota Department of Revenue · [email protected]
April 28, 2023 at 4:17 PM

Notification of Local Sales and Use Tax Changes for Third Quarter 2023

Notification of Local Sales and Use Tax Changes for Third Quarter 2023 On June 30, 2023, the following local taxes are ending: Detroit Lakes 0.5% Sales and Use Tax Beginning July 1, 2023, the following new local taxes are administered by the Department of Revenue:   Litchfield 0.5%…
  Minnesota Department of Revenue · [email protected]
April 28, 2023 at 2:22 PM

REMINDER! Help us build future tax classes and education

REMINDER! Help us build future tax classes and education The Minnesota Department of Revenue would like to provide tax professionals with classes and education that are more relevant and impactful. To do this, we need help understanding your current needs and how we can improve our de…
  Minnesota Department of Revenue · [email protected]
April 28, 2023 at 2:22 AM

Tax Professional Tip #17 – Missing returns and Commissioner Filed Returns

Tax Professional Tip #17 ? Missing returns and Commissioner Filed Returns If your client gets a letter from the Minnesota Department of Revenue requesting a missing tax return, they have 30 days to respond in one of three ways: File the missing return Prove that they already filed th…
  Minnesota Department of Revenue · [email protected]
April 20, 2023 at 3:06 PM

Tax Professional Tip #16 – Understanding income tax penalties and interest rates

Tax Professional Tip #16 ? Understanding income tax penalties and interest rates The Minnesota Department of Revenue may assess penalties and interest on income tax returns. It?s important to understand these penalties and when we may impose them.? Type of Penalty When It Applie…
  Minnesota Department of Revenue · [email protected]
April 14, 2023 at 3:23 PM

Help us build future tax classes and education

Help us build future tax classes and education The Minnesota Department of Revenue would like to provide tax professionals with classes and education that are more relevant and impactful. To do this, we need help understanding your current needs and how we can improve our delivery of …
  Minnesota Department of Revenue · [email protected]
April 13, 2023 at 8:05 PM

Tax Professional Tip #15 – Last-minute suggestions

Tax Professional Tip #15 ? Last-minute suggestions In Minnesota, there is no filing extension form for returns. The late filing penalty will not apply for returns filed by October 16, 2023. The late payment penalty and interest will apply for income tax not paid by April 18, 2023. Her…
  Minnesota Department of Revenue · [email protected]
April 12, 2023 at 3:04 PM

Upcoming employment tax seminars

Upcoming employment tax seminars Want to learn more about state employment taxes and other employer responsibilities? The Minnesota Business Tax Education Partnership is holding seminars for employers and their representatives with experts from these agencies: ? Minnesota Department …
  Minnesota Department of Revenue · [email protected]
April 11, 2023 at 8:10 PM

Minnesota first quarter withholding tax returns due May 1, 2023

Minnesota first quarter withholding tax returns due May 1, 2023 Withholding Tax Quarterly Return and Deposit Due Dates The first quarter (January - March 2023) Minnesota Withholding Tax return is due May 1, as April 30 falls on a Sunday this year. Deposits were due according to your s…
  Minnesota Department of Revenue · [email protected]
April 11, 2023 at 2:06 PM

Distributor Cigarette Tax and Tobacco Tax Returns Due April 18

Distributor Cigarette Tax and Tobacco Tax Returns Due April 18 Distributor Returns Due March 18 Your March return and payment for Cigarette Tax or Tobacco Tax are due April 18. You can file your return and pay any tax due electronically through e-Services. Questions? Contact us at cig…
  Minnesota Department of Revenue · [email protected]
April 6, 2023 at 6:13 PM

Tax Professional Tip #14 – Retirees and senior citizens

Tax Professional Tip #14 ? Retirees and senior citizens If your client is age 65 or older, their income and lifestyle changes may affect their Minnesota income taxes. Check out our Senior Citizens webpage for information on part-year residents, Social Security and pension income, and …
  Minnesota Department of Revenue · [email protected]
April 4, 2023 at 4:31 PM

Sales and Use Tax Webinars!

Sales and Use Tax Webinars! The Minnesota Department of Revenue is offering the following webinars in April and May. Introduction to Sales and Use Tax Wednesday, April 12, 2023, 9 a.m. to 11:30 a.m. Central Time This course is an introduction to sales and use taxes in Minnesota. The p…
  Minnesota Department of Revenue · [email protected]
April 3, 2023 at 2:44 PM

Partnership and S Corporation Estimated Payments Due April 15

Partnership and S Corporation Estimated Payments Due April 15 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 Composi…
  Minnesota Department of Revenue · [email protected]
April 3, 2023 at 2:43 PM

Fiduciary Estimated Payments Due April 15

Fiduciary Estimated Payments Due April 15 Reminder The fiduciary of a trust must make quarterly estimated tax payments if the sum of these estimated taxes, less any credits allowed against the tax, is $500 or more: Fiduciary income tax Composite income tax Quarterly estimated paymen…
  Minnesota Department of Revenue · [email protected]
March 31, 2023 at 12:58 PM

Openings still available for Pass-Through Entity Tax webinars

Openings still available for Pass-Through Entity Tax webinars The Minnesota Department of Revenue is offering a webinar on Pass-Through Entity Tax (PTE) for business owners and tax professionals. What does this webinar cover? This webinar will cover the PTE election and related topics…
  Minnesota Department of Revenue · [email protected]
March 30, 2023 at 1:54 PM

Tax Professional Tip #13 – Online services

Tax Professional Tip #13 ? Online services You can conveniently perform all electronic file and pay tasks from the Minnesota Department of Revenue?s Online Services page, including: NEW! Searching for a confirmation number Making payments, printing vouchers, or setting up a payment …
  Minnesota Department of Revenue · [email protected]
March 29, 2023 at 4:09 PM

News release: Still need to file your taxes? These tips can help!

News release: Still need to file your taxes? These tips can help! Nearly 1 million Minnesotans have already gotten their refunds. Still need to file your taxes? These tips can help! ST. PAUL, Minn. ? With less than three weeks left before the April 18 deadline, more than 1.8 m…
  Minnesota Department of Revenue · [email protected]
March 24, 2023 at 2:05 AM

Tax Professional Tip #12 – Power of attorney and accessing client tax information

Tax Professional Tip #12 ? Power of attorney and accessing client tax information The Minnesota Department of Revenue can disclose confidential client information to you if you have power of attorney for your client. How do I get power of attorney for my clients? You have several opti…
  Minnesota Department of Revenue · [email protected]
March 16, 2023 at 8:01 PM

Tax Professional Tip #11 – Common errors on Forms M1 and M1PR

Tax Professional Tip #11 ? Common errors on Forms M1 and M1PR Errors on returns can delay processing for your clients. Here are some common errors on Form M1 and Form M1PR and how to solve them. Form M1 not amended to report federal return changes. Solution: File Form M1X to report…
  Minnesota Department of Revenue · [email protected]
March 15, 2023 at 6:45 PM

Survey Results on Proposed Business Apportionment Forms Changes

Survey Results on Proposed Business Apportionment Forms Changes The Minnesota Department of Revenue sent a survey with form drafts in November 2022 asking for feedback on a change we were considering to the apportionment section on Forms M4, Corporation Franchise Tax Return; M3, Partn…
  Minnesota Department of Revenue · [email protected]
March 15, 2023 at 6:18 PM

Openings still available for Pass-Through Entity Tax webinars

Openings still available for Pass-Through Entity Tax webinars The Minnesota Department of Revenue is offering a webinar on Pass-Through Entity Tax (PTE) for business owners and tax professionals. What does this webinar cover? This webinar will cover the PTE election and related topics…
  Minnesota Department of Revenue · [email protected]
March 14, 2023 at 5:39 PM

Upcoming Employment Tax Seminars

Upcoming Employment Tax Seminars Want to learn more about state employment taxes and other employer responsibilities? The Minnesota Business Tax Education Partnership is holding seminars for employers and their representatives with experts from these agencies: ? Minnesota Department …
  Minnesota Department of Revenue · [email protected]
March 13, 2023 at 2:06 PM

Distributor Cigarette Tax and Tobacco Tax Returns Due March 20

Distributor Cigarette Tax and Tobacco Tax Returns Due March 20 Distributor Returns Due March 20 Your February return and payment for Cigarette Tax or Tobacco Tax are due March 20. You can file your return and pay any tax due electronically through e-Services. Revised Forms for 2023 Sa…
  Minnesota Department of Revenue · [email protected]
March 10, 2023 at 10:01 PM

Reporting state tax refunds on Form M1 from pass-through entities

Reporting state tax refunds on Form M1 from pass-through entities The Minnesota Department of Revenue recently became aware of a potential issue with reporting state tax refunds in tax preparation software. While the instructions for Form M1, Individual Income Tax, indicated amounts o…
  Minnesota Department of Revenue · [email protected]
March 9, 2023 at 8:02 PM

Reminder: e-Services and other online services unavailable TOMORROW

Reminder: e-Services and other online services unavailable TOMORROW Regular deadlines for filing and paying taxes still apply. e-Services and other online services unavailable TOMORROW Due to scheduled maintenance, our e-Services system and other online services will be unavai…
  Minnesota Department of Revenue · [email protected]
March 9, 2023 at 7:33 PM

Brooklyn Park tax preparer sentenced for tax crimes

Brooklyn Park tax preparer sentenced for tax crimes He will serve 30 days in jail and is ordered to pay over $27,000 in restitution. For immediate release: March 9, 2023 Media contact: Ryan Brown [email protected] Brooklyn Park tax preparer sentenced for tax crimes ST. P…
  Minnesota Department of Revenue · [email protected]
March 9, 2023 at 3:37 PM

Tax Professional Tip #10 – Preparer data breaches

Tax Professional Tip #10 ? Preparer data breaches We are all responsible for protecting customer data from theft. To provide guidance on data security, the IRS and Security Summit partners updated the Taxes-Security-Together Checklist. For details, see our ?Protecting You and Your Cli…