Minnesota Department of Revenue · [email protected]

March 14, 2024 at 2:54 PM

Tax Professional Tip #11 – Education-related credits and subtractions

Tax Professional Tip #11 ? Education-related credits and subtractions Minnesota has many education-related tax credits and subtractions available. Here is a comprehensive list of tax savings your clients may qualify for. Tax benefit name Description Tax form to claim it K-…

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  Minnesota Department of Revenue · [email protected]

March 11, 2024 at 2:06 PM

Distributor Cigarette Tax and Tobacco Tax Returns Due March 18

Distributor Cigarette Tax and Tobacco Tax Returns Due March 18 Distributor Returns Due March 18 Your February return and payment for Cigarette Tax or Tobacco Tax are due March 18. You can file your return and pay any tax due electronically through e-Services. Revised Forms for 2024 Sa…

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  Minnesota Department of Revenue · [email protected]

March 8, 2024 at 3:03 PM

Reminder: e-Services and other online services unavailable TODAY

Reminder: e-Services and other online services unavailable TODAY Regular deadlines for filing and paying taxes still apply. e-Services and other online services unavailable TODAY Due to scheduled maintenance, our e-Services system and other online services will be unavailable …

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  Minnesota Department of Revenue · [email protected]

March 7, 2024 at 5:42 PM

Tax Professional Tip #10 – Filing for deceased taxpayers

Tax Professional Tip #10 ? Filing for deceased taxpayers When a client or their family member passes away, it can change their tax filing situation and needs. The Minnesota Department of Revenue has valuable and comprehensive resources to help you file for deceased taxpayers. Take a m…

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  Minnesota Department of Revenue · [email protected]

March 5, 2024 at 7:56 PM

Verify your clients’ Direct Tax Rebate subtraction

Verify your clients? Direct Tax Rebate subtraction The Minnesota Department of Revenue has been receiving returns filed by tax professionals claiming the Direct Tax Rebate subtraction on Schedule M1M, Income Additions and Subtractions, when their clients did not qualify for or receive…

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  Minnesota Department of Revenue · [email protected]

March 4, 2024 at 5:44 PM

Register for our 2024 in-person employment tax seminars

Register for our 2024 in-person employment tax seminars Want to learn more about state employment taxes and other employer responsibilities? The Minnesota Business Tax Education Partnership is holding in-person seminars for employers and their representatives with experts from these a…

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  Minnesota Department of Revenue · [email protected]

March 1, 2024 at 4:03 PM

Reminder: e-Services and other online services unavailable Friday, March 8

Reminder: e-Services and other online services unavailable Friday, March 8 Regular deadlines for filing and paying taxes still apply. e-Services and other online services unavailable Friday, March 8 Due to scheduled maintenance, our e-Services system and other online services …

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  Minnesota Department of Revenue · [email protected]

March 1, 2024 at 12:43 PM

C corporation Quarterly Estimated Payment Due March 15

C corporation Quarterly Estimated Payment Due March 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 c…

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  Minnesota Department of Revenue · [email protected]

March 1, 2024 at 12:42 PM

Partnership and S Corporation Returns Due March 15 for Calendar Filers

Partnership and S Corporation Returns Due March 15 for Calendar Filers Reminder 2023 tax returns for partnership and S corporation calendar year filers are due March 15, 2024. You must file a return even if you report no tax due. If you have already filed your return, please disregard…

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  Minnesota Department of Revenue · [email protected]

February 29, 2024 at 4:02 PM

Tax Professional Tip #9 – Returns for Tribal Members in Minnesota

Tax Professional Tip #9 ? Returns for Tribal Members in Minnesota There may be different rules to follow when preparing returns for members of Minnesota Indian tribes. Be aware of these differences so you can better serve your clients and prepare these returns accurately. Check out th…

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  Minnesota Department of Revenue · [email protected]

February 22, 2024 at 2:20 PM

Return Verification and Identity Verification Letters

Return Verification and Identity Verification Letters The Minnesota Department of Revenue takes extra steps to protect your clients? identity. If your client receives either of the following letters, ask them to complete the steps requested in the letter as soon as possible. Their tax…

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  Minnesota Department of Revenue · [email protected]

February 21, 2024 at 8:02 PM

Retail Delivery Fee

Retail Delivery Fee Starting July 1, 2024, there will be a Retail Delivery Fee of 50 cents that applies to certain transactions involving retail delivery in Minnesota. Visit our website:www.revenue.state.mn.us STAY CONNECTED: SUBSCRIBER SERV…

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  Minnesota Department of Revenue · [email protected]

February 21, 2024 at 6:31 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…

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  Minnesota Department of Revenue · [email protected]

February 21, 2024 at 4:24 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 an updated 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 relat…

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  Minnesota Department of Revenue · [email protected]

February 16, 2024 at 5:25 PM

e-Services and other online services unavailable Friday, March 8

e-Services and other online services unavailable Friday, March 8 Regular deadlines for filing and paying taxes still apply. e-Services and other online services unavailable Friday, March 8 Due to scheduled maintenance, our e-Services system and other online services will be un…

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  Minnesota Department of Revenue · [email protected]

February 16, 2024 at 3:12 PM

Tax Professional Tip #7 – Tax Planning for your Clients

Tax Professional Tip #7 ? Tax Planning for your Clients Helping your clients plan for the next tax year is just as important as preparing their tax return for this year. Net Investment Tax Starting in 2024, Minnesota?s net investment tax takes effect. Net investment income exceeding $…

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  Minnesota Department of Revenue · [email protected]

February 15, 2024 at 5:07 PM

Department of Revenue will start reissuing over 128,000 expired one-time tax rebate checks next week

Department of Revenue will start reissuing over 128,000 expired one-time tax rebate checks next week The mailing of reissued checks should be completed by mid-March. Department of Revenue will start reissuing over 128,000 expired one-time tax rebate checks next week ST. PAUL, …

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  Minnesota Department of Revenue · [email protected]

February 12, 2024 at 7:59 PM

We still have openings - register for our in-person employment tax seminar in Moorhead

We still have openings - register for our in-person employment tax seminar in Moorhead Want to learn more about state employment taxes and other employer responsibilities? The Minnesota Business Tax Education Partnership is holding in-person seminars for employers and their representa…

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  Minnesota Department of Revenue · [email protected]

February 12, 2024 at 3:06 PM

Distributor Cigarette Tax and Tobacco Tax Returns Due February 20

Distributor Cigarette Tax and Tobacco Tax Returns Due February 20 Distributor Returns Due February 20 Your January return and payment for Cigarette Tax or Tobacco Tax are due February 20. You can file your return and pay any tax due electronically through e-Services. Revised Forms for…

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  Minnesota Department of Revenue · [email protected]

February 9, 2024 at 4:07 PM

Sales and Use Tax Webinars!

Sales and Use Tax Webinars! Sales and Use Tax Webinars! The Minnesota Department of Revenue is offering the following webinars in March and April. Introduction to Sales and Use Tax Wednesday, March 6, 2024, 9 to 11:30 a.m. Central Time Wednesday, April 17, 2024, 9 to 11:30 a.m. Central T…

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  Minnesota Department of Revenue · [email protected]

February 8, 2024 at 7:04 PM

Tax Professional Tip #6 – Revoking Power of Attorney

Tax Professional Tip #6 ? Revoking Power of Attorney The Minnesota Department of Revenue recommends reviewing your active power of attorneys annually and revoking authority for clients when you no longer need it. How do I remove an existing power of attorney? Complete and send us Form…

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  Minnesota Department of Revenue · [email protected]

February 5, 2024 at 1:43 PM

December 12 tax pro webinar materials now available

December 12 tax pro webinar materials now available The Minnesota Department of Revenue held a webinar for tax professionals on December 12, 2023. We covered individual, property, business, and withholding tax updates for the upcoming filing season along with various department and le…

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  Minnesota Department of Revenue · [email protected]

February 2, 2024 at 3:00 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 an updated 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 relat…

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  Minnesota Department of Revenue · [email protected]

February 1, 2024 at 5:14 PM

Tax Professional Tip #5 – One-Time Tax Rebates and Forms 1099-MISC

Tax Professional Tip #5 ? One-Time Tax Rebates and Forms 1099-MISC The Minnesota Department of Revenue issued direct tax rebate payments in 2023 for qualifying clients. For reminders on who qualified and how we issued them, see our Direct Tax Rebate Payments page. We also issued feder…

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  Minnesota Department of Revenue · [email protected]

January 26, 2024 at 4:25 PM

Updates to 2023 Schedule M1CWFC instructions

Updates to 2023 Schedule M1CWFC instructions The Minnesota Department of Revenue updated the instructions for 2023 Schedule M1CWFC, Child and Working Family Credits. The instructions for line 2 now indicate customers with earned income of less than zero should enter zero and not a neg…

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  Minnesota Department of Revenue · [email protected]

January 26, 2024 at 4:02 PM

Notification of Local Sales and Use Tax Changes for Second Quarter 2024

Notification of Local Sales and Use Tax Changes for Second Quarter 2024 Beginning April 1, 2024, the following new local taxes are administered by the Department of Revenue:   Bloomington Sales and Use Tax 0.5% Golden Valley Sales and Use Tax 1.25% Beginning April 1, 2024, the follo…

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  Minnesota Department of Revenue · [email protected]

January 25, 2024 at 6:49 PM

Tax Professional Tip #4 – Protect your EFIN and PTIN

Tax Professional Tip #4 ? Protect your EFIN and PTIN With filing season opening in a few days, the Minnesota Department of Revenue has important reminders about protecting your Preparer Tax Identification Number (PTIN) and your Electronic Filing Identification Number (EFIN). Watch out…

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  Minnesota Department of Revenue · [email protected]

January 22, 2024 at 8:35 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 an updated 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 relat…

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  Minnesota Department of Revenue · [email protected]

January 18, 2024 at 2:34 PM

Tax Professional Tip #3 – Electronic signatures on documents

Tax Professional Tip #3 ? Electronic signatures on documents The Minnesota Department of Revenue has a policy on accepting electronic signatures for all statements, documents, and forms requiring signatures. There are three types of signatures we will accept from you and your clients.…

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  Minnesota Department of Revenue · [email protected]

January 17, 2024 at 8:38 PM

Register for our in-person employment tax seminars

Register for our in-person employment tax seminars Want to learn more about state employment taxes and other employer responsibilities? The Minnesota Business Tax Education Partnership is holding in-person seminars for employers and their representatives with experts from these agenci…

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  Minnesota Department of Revenue · [email protected]

January 11, 2024 at 8:23 PM

Tax Professional Tip #2 – Certificates of Rent Paid

Tax Professional Tip #2 ? Certificates of Rent Paid You may now submit Certificates of Rent Paid (CRPs) electronically this year through the Minnesota Department of Revenue?s e-Services system. Landlords are not required to use e-Services to create 2023 CRPs. However, landlords will b…

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  Minnesota Department of Revenue · [email protected]

January 11, 2024 at 3:06 PM

Distributor Cigarette Tax and Tobacco Tax Returns Due January 18

Distributor Cigarette Tax and Tobacco Tax Returns Due January 18 Distributor Returns due January 18 Your December return and payment for Cigarette Tax or Tobacco Tax are due January 18.  Remember that you can file your return and pay any tax due electronically through e-Services. New …

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  Minnesota Department of Revenue · [email protected]

January 10, 2024 at 1:29 PM

Minnesota fourth quarter withholding tax returns due January 31, 2024

Minnesota fourth quarter withholding tax returns due January 31, 2024 Withholding Tax Quarterly Return and Deposit Due Dates The fourth quarter (October through December 2023) Minnesota Withholding Tax return is due January 31. Deposits were due according to your semiweekly or monthly…

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  Minnesota Department of Revenue · [email protected]

January 9, 2024 at 5:50 PM

Minnesota Individual Income Tax filing season opens January 29, 2024

Minnesota Individual Income Tax filing season opens January 29, 2024 Nation-leading Child Tax Credit available to Minnesota families Minnesota Individual Income Tax filing season opens January 29, 2024 Nation-leading Child Tax Credit available to Minnesota families The Minneso…

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  Minnesota Department of Revenue · [email protected]

January 8, 2024 at 3:17 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 an updated 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 relat…

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  Minnesota Department of Revenue · [email protected]

January 8, 2024 at 3:03 PM

Annual Minnesota W-2 and 1099 filings due January 31

Annual Minnesota W-2 and 1099 filings due January 31 W-2 and 1099 Due Dates 2023 Forms W-2 are due to: Your employees by January 31 The Minnesota Department of Revenue by January 31 2023 Forms 1099 are due to: Your payees by January 31 The Minnesota Department of Revenue by January…

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  Minnesota Department of Revenue · [email protected]

January 5, 2024 at 4:26 PM

Minnesota annual withholding tax return and deposit due January 31

Minnesota annual withholding tax return and deposit due January 31 Withholding Tax Annual Return and Deposit Due Dates The Minnesota Withholding Tax return and deposit for annual filers is due January 31. Exception: If Minnesota tax withheld exceeded $500 during the year, deposits wer…

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  Minnesota Department of Revenue · [email protected]

January 4, 2024 at 3:44 PM

Tax Professional Tip #1 – Welcome to the 2024 filing season!

Tax Professional Tip #1 ? Welcome to the 2024 filing season! Welcome to the 2024 filing season! Every Thursday from now until May, the Minnesota Department of Revenue will send current and timely tax tips for tax professionals we hope you?ll find useful in your practice. Your Tax Prof…

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  Minnesota Department of Revenue · [email protected]

January 3, 2024 at 2:58 PM

Partnership and S Corporation Estimated Payments Due January 16

Partnership and S Corporation Estimated Payments Due January 16 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 Compo…

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  Minnesota Department of Revenue · [email protected]

January 3, 2024 at 2:57 PM

Fiduciary Estimated Payments Due January 16

Fiduciary Estimated Payments Due January 16 Reminder A fiduciary 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 payments are due …

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  Minnesota Department of Revenue · [email protected]

December 27, 2023 at 6:38 PM

Sales and Use Tax Webinars!

Sales and Use Tax Webinars! Sales and Use Tax Webinars! The Minnesota Department of Revenue is offering the following webinars in January and February. Introduction to Sales and Use Tax Wednesday, January 17, 2024, 9 to 11:30 a.m. Central Time This course is an introduction to sales and …

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  Minnesota Department of Revenue · [email protected]

December 26, 2023 at 6:08 PM

We still have openings for our January Withholding Tax Employer Responsibilities webinar

We still have openings for our January Withholding Tax Employer Responsibilities webinar 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 payroll…

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  Minnesota Department of Revenue · [email protected]

December 11, 2023 at 5:28 PM

Updated Pass-Through Entity Tax Webinars

Updated Pass-Through Entity Tax Webinars The Minnesota Department of Revenue is offering an updated 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, including:…

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  Minnesota Department of Revenue · [email protected]

December 11, 2023 at 3:06 PM

Distributor Cigarette Tax and Tobacco Tax Returns Due December 18

Distributor Cigarette Tax and Tobacco Tax Returns Due December 18 License Renewal Past Due If you have not submitted your application to renew your distributor or subjobber license, you must do so immediately to continue to do business in Minnesota in 2024. Note: The business name and…

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  Minnesota Department of Revenue · [email protected]

December 6, 2023 at 9:37 PM

Form 1099-MISC being issued to Direct Tax Rebate payment recipients

Form 1099-MISC being issued to Direct Tax Rebate payment recipients Recipients should expect the form by the end of January. Form 1099-MISC being issued for Direct Tax Rebate payment recipientsThe Minnesota Department of Revenue will mail federal Form 1099-MISC to all Minnesot…

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  Minnesota Department of Revenue · [email protected]

December 5, 2023 at 2:15 PM

Start preparing for Minnesota’s tax filing season!

Start preparing for Minnesota?s tax filing season! As the Minnesota Department of Revenue gets ready for the next filing season, here are some things you can do to prepare yourself as one of more than 24,000 tax professionals submitting Minnesota returns to us: Register for our annu…

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  Minnesota Department of Revenue · [email protected]

December 4, 2023 at 7:42 PM

Update on Minnesota withholding for retirement accounts, pensions, and annuities

Update on Minnesota withholding for retirement accounts, pensions, and annuities Last August, the Minnesota Department of Revenue made changes to the instructions for Form W-4MNP, Minnesota Withholding Certificate for Retirement Account, Pension, or Commercial Annuity Payments. Since …

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  Minnesota Department of Revenue · [email protected]

December 4, 2023 at 4:09 PM

Property Tax Refund Online Filing System unavailable

Property Tax Refund Online Filing System unavailable The Minnesota Department of Revenue temporarily shut down our Property Tax Refund Online Filing System. Individuals will not be able to use it to file and submit homeowner returns. During this time, we will perform maintenance to im…

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  Minnesota Department of Revenue · [email protected]

December 1, 2023 at 5:12 PM

Reminder: Register now for our 2024 filing season update

Reminder: Register now for our 2024 filing season update The Minnesota Department of Revenue will hold a webinar to review legislative and agency updates for the 2024 filing season for individual and business income tax preparers. We will cover significant law changes that are importa…

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  Minnesota Department of Revenue · [email protected]

November 30, 2023 at 9:06 PM

Reminder: RSVP for CRP Training

Reminder: RSVP for CRP Training Remember to RSVP for an upcoming Certificate of Rent Paid (CRP) training session. Remember to RSVP for an upcoming Certificate of Rent Paid (CRP) training session. During the training sessions we will provide an overview of e-Services, demonstra…

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