Minnesota Income Tax Withholding Instruction Booklet And Tax Tables - Minnesota Department Of Revenue - 2016 Page 14
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34Penalties and Interest
• do not submit a W-2 or information return
Late-payment penalty. If you pay all or part
Repeat penalty. An additional 25 per-
electronically when required (see page 12
of the tax after the due date, you must pay
cent (.25) penalty can be assessed if you
for electronic filing requirements);
a penalty. The late-payment penalty applies
repeatedly file and pay late.
to late deposits and late return payments. If
• provide a false or fraudulent W-2 or infor-
Extended delinquency penalty. There is
your payment is 1 to 30 days late, the pen-
mation return; or
a 5 percent (.05) or $100 penalty, which-
alty is 5 percent (.05) of the unpaid tax; 31
• refuse to provide all information required
ever is greater, for failure to file a with-
to 60 days late, 10 percent (.1); more than 60
on the forms.
holding tax return within 30 days after a
days late, 15 percent (.15).
written demand is given.
The total W-2 and information return penal-
Late-filing penalty. There is an additional
ties assessed cannot exceed $25,000 per year.
W-2 and information return penalties.
5 percent (.05) penalty on the unpaid tax if
A $50 penalty can be assessed each time
Interest. You must pay interest on both the
you file your return late.
you:
amount you send in late and the penalty. The
Payment method. There is a 5 percent (.05)
2015 interest rate is 3 percent (.03).
• do not provide a W-2 or information
penalty if you are required to make your
return to your payees;
To calculate how much interest you owe, use
withholding tax payments electronically
• do not provide a W-2 or information
the formula below:
and you pay by paper check.
return to the department;
Interest = (tax + penalty) x # of days late x
interest rate ÷ 365.
Amend a Return
If an error was made on a withholding
You must also enter contact information
Note: You must submit Form(s) W-2c and
tax return that was filed, you must amend
and a detailed explanation of why you are
any corrected Form(s) 1099 with Minnesota
(change) your return to correct the error
amending the return.
withholding to the department. For more
using e-Services.
information, see page 12.
For additional information, see the
You are required to file an amended return
Withholding Tax Help link available in
for each return requiring an adjustment.
e-Services. If you do not have internet
You must file an amended return if you:
access and you only need to change the
wages paid or number of employees, call
• reported incorrect figures for wages
1-800-570-3329 to amend your return.
paid;
If you need to change the tax withheld,
• reported an incorrect number of
call 651-282-9999 or 1-800-657-3594 for
employees; and/or
assistance.
• reported an incorrect amount of tax
withheld for the period.
14
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