Wholesale Drug Distributor Tax - Minnesota Department Of Revenue
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2MinnesotaCare Estimated Tax Instructions
Wholesale Drug Distributor Tax
Electronic Payment
Estimated Tax Payment
Credit or Debit Card
For a fee, you may charge your payments to
Requirements
Requirements
your Visa, MasterCard, American Express,
You are required to pay electronically if
If you expect your total annual Minneso-
or Discover credit or debit card. To do so,
your tax liability was more than $10,000
taCare tax liability to be more than $500,
have your card ready and go to
for any one Minnesota business tax during
you must make quarterly estimated tax
or call
the previous fiscal year (July 1–June 30).
payments based on your required annual
1-855-947-2966.
estimated tax payment.
If you are required to pay any Minnesota
ACH Credit
business tax electronically for one year,
Required Annual Estimated Tax Payment.
ACH credit payments are initiated by you
you must pay all Minnesota business taxes
The required annual estimated tax payment
through your bank. You authorize your
is the lesser of 90 percent of your actual tax
electronically for all future years.
bank to transfer funds to the state’s bank
for the current year or 100 percent of your
A 5 percent penalty will be assessed if you
account. The bank must use ACH file for-
actual tax for the previous year.
fail to pay electronically when required,
mats, which are available on our website.
To determine your required annual estimat-
even if a check payment is received on
Your bank may charge you a fee for these
ed tax payment and the minimum amount
time.
payments.
you must pay each quarter, complete the
Electronic Payment Options
Bank Wire
worksheet on page 2.
You can authorize a direct transfer from
e-Services
Additional Charge for Underpayment of
your bank account to the Minnesota Depart-
Estimated Tax. If any payment is paid late
You can make payments online using our
ment of Revenue. For information on how
or is less than the required amount, an ad-
e-Services system. If you choose this op-
to make a bank wire transfer, call us at 651-
ditional tax charge (ATC) for underpayment
tion, you’ll be able to view a record of your
556-3003 or 1-800-657-3909.
of estimated tax will be assessed.
payments online once the payments are
Information and Assistance
processed.
The department’s e-Services system will
Website:
calculate the additional charge, if any, when
Go to our website at
you file your annual MinnesotaCare tax
mn.us and log in to e-Services. You’ll need
Email:
MinnesotaCare.tax@state.mn.us
return.
your bank’s routing number and your ac-
Phone: 651-282-5533
count number.
Weekdays, 8 a.m. – 4:30 p.m.
Due Dates
To be timely, you must submit your transac-
Quarterly estimated tax payments are due
This information is available in alternate
tion and receive a confirmation number
by the 15th day of April, July, and October
formats.
on or before the payment due date. When
of the current year and January 15 of the
paying electronically, you may not use an
following year.
account associated with a foreign bank.
If the due date falls on a weekend or legal
holiday, payments electronically made or
postmarked the next business day are con-
sidered timely.
Continued
1
(Rev. 1/18)
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