Form Mw-5 Instructions - Withholding Tax Deposit/payment Voucher Page 2
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2What if the deposit period begins in one quarter and
Deposit period
ends in another? This will only happen if you’re a
Fill in the month, day and year of the deposit
semiweekly depositor. If a quarter ends on a day
period. See examples below.
other than Tuesday or Friday, you may need to make
two deposits for the same semiweekly deposit
Quarterly – $1,500 or less
period.
If you qualify for quarterly depositing, no MW-5
needs to be sent. Just send your payment with your
Example 4
quarterly return. If you choose to make deposits,
You issued a paycheck on Saturday, September 30,
however, your deposit period is the last day of the
and another on Monday, October 2. Even though the
quarter.
paychecks were issued in the same semiweekly
period, they must be reported as separate deposits
Monthly deposit frequency
since they are for two separate quarters. On one
If you qualify for monthly depositing, you have only
MW-5, enter “09/30/99” as the deposit period and
one deposit period per month. Your deposit period
on the other MW-5, enter “10/02/99.”
is the last day of the month in which you withheld
the tax.
Type of
Example 1
depositor
For “Deposit period” fill in:
You pay your employees every two weeks. In June
Quarterly
Last day of quarter
2000, you pay them on June 9 and June 23. The
Monthly
Last day of month
deposit period is “06/30/00.”
(see example 1)
Semiweekly deposit frequency
Semiweekly
Generally, it is the day you pay
If you qualify for semiweekly depositing, you have
your employees (see examples 2,
two deposit periods per week.
3 and 4)
If you have only one payday during a semiweekly
Line 1
deposit period, list the date you paid your employ-
Fill in the total Minnesota income tax you withheld.
ees as the deposit period (see example 2).
If you have more than one payday during a semi-
Lines 2 and 3
weekly deposit period, Tuesday is your deposit
If you mail Form MW-5 and payment after the due
period for payrolls on Saturday, Sunday, Monday
date, you must figure penalty and interest (see
and/or Tuesday. Friday is your deposit period for
page 17).
payrolls on Wednesday, Thursday and/or Friday
(see example 3).
If you mail your MW-5 and payment
Example 2
Use the mailing labels in the front of your forms
On Thursday, March 16, 2000, you pay your employ-
book or mail to MN Dept. of Revenue, PO Box 64439,
ees for work performed the week of March 5–
St. Paul, MN 55164-0439. Write your Minnesota ID
March 11. The deposit period is “03/16/00.”
number on your check.
Example 3
You pay employees daily. Add the amounts with-
held on paychecks issued Saturday, Sunday, Mon-
day and Tuesday, and report the total with
Tuesday’s date as the deposit period. Add the
amounts withheld on paychecks issued Wednesday,
Thursday and Friday, and report the total with
Friday’s date as the deposit period.
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