Minnesotacare Estimated Tax - Minnesota Department Of Revenue printable pdf download

MinnesotaCare Estimated Tax Instructions

Provider Tax

Electronic Payment

Estimated Tax Payment

ACH Credit

ACH credit payments are initiated by you

Requirements

through your bank. You authorize your

You are required to pay electronically if

If you expect your total annual Minneso-

bank to transfer funds to the state’s bank

your tax liability was more than $10,000

taCare tax liability to be more than $500,

account. The bank must use ACH file for-

for any one Minnesota business tax during

you must make quarterly estimated tax

mats, which are available on our website.

the previous fiscal year (July 1–June 30).

payments based on your required annual

Your bank may charge you a fee for these

estimated tax payment.

If you are required to pay any Minnesota

payments.

business tax electronically for one year,

Required Annual Estimated Tax Payment.

Bank Wire

you must pay all Minnesota business taxes

The required annual estimated tax payment

You can authorize a direct transfer from

is the lesser of 90 percent of your actual tax

electronically for all future years.

your bank account to the Minnesota Depart-

for the current year or 100 percent of your

A 5 percent penalty will be assessed if you

ment of Revenue. For information on how

actual tax for the previous year.

fail to pay electronically when required,

to make a bank wire transfer, call us at 651-

To determine your required annual estimat-

even if a check payment is received on

556-3003 or 1-800-657-3909.

ed tax payment and the minimum amount

time.

Check Payments

you must pay each quarter, complete the

Payment Options

If you are not required to pay electronically

worksheet on page 2.

and are paying by check, visit our website

e-Services

Additional Charge for Underpayment of

at and choose

You can make payments using our

Estimated Tax. If any payment is paid late

“Make a Payment”. Look for “Pay with

e-Services system online or by phone. If

or is less than the required amount, an ad-

check and voucher” to create a voucher.

you choose to pay through e-Services,

ditional tax charge (ATC) for underpayment

Print and mail the voucher with a check

you’ll be able to view a record of your

of estimated tax will be assessed.

payable to Minnesota Revenue.

payments online once the payments are

The department’s e-Services system will

Your check authorizes us to make a one-

processed.

calculate the additional charge, if any, when

time electronic fund transfer from your

• To pay online, go to our website at

you file your annual MinnesotaCare tax

account. You may not receive your canceled

and log in to

return.

check.

e-Services.

Due Dates

Information and Assistance

• To pay using our automated phone sys-

Quarterly estimated tax payments are due

tem, call 1-800-570-3329.

Website:

by the 15th day of April, July, and October

To be timely, you must submit your transac-

Email:

MinnesotaCare.tax@state.mn.us

of the current year and January 15 of the

tion and receive a confirmation number

following year.

Phone: 651-282-5533

on or before the payment due date. When

Weekdays, 8 a.m. – 4:30 p.m.

If the due date falls on a weekend or legal

paying electronically, you may not use an

holiday, payments electronically made or

This information is available in alternate

account associated with a foreign bank.

postmarked the next business day are con-

formats.

sidered timely.

Credit or Debit Card

For a fee, you may charge your payments to

your Visa, MasterCard, American Express,

or Discover credit or debit card. To do

so, have your card ready and go to www.

or call 1-855-947-2966.

Continued

(Rev. 1/18)

Minnesotacare Estimated Tax - Minnesota Department Of Revenue

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