Minnesota Income Tax Withholding Instruction Booklet And Tax Tables - Minnesota Department Of Revenue - 2016 Page 3
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34What’s New
Interest Rate
Form W-4MN
Seasonal Businesses
Form W-4MN is the Minnesota equivalent
If you consistently withhold tax in the same
The 2016 interest rate is 3 (.03) percent.
of federal Form W-4. In some situations,
quarters each calendar year (up to three, but
Tax Law Changes
employees must complete the state Form
not all four), you may choose to deposit and
For detailed information on tax law changes
W-4MN, Minnesota Employee Withholding
file for only the quarters you pay wages. For
go to our website and click on Tax Law
Allowance/Exemption Certificate, in
more information, go to our website and
Changes on the home page.
type Withholding for Seasonal Businesses
addition to federal Form W-4. For details,
go to our website and enter W-4MN in the
in the Search box.
Search box.
Register for a Minnesota Tax ID Number
You must register to file withholding tax if
• make mining and exploration royalty
To register for a Minnesota tax ID
you:
payments on which you are required to
number, go to our website. If you do not
withhold Minnesota taxes; or
have internet access, contact Business
• have employees and anticipate withhold-
Registration (see page 2).
ing tax from their wages in the next 30
• are a corporation with corporate officers
days;
performing services in Minnesota who
Note: If your business currently has a
will have withholding from their wages.
• agree to withhold Minnesota taxes when
Minnesota tax ID number for other
you are not required to withhold;
Minnesota taxes, you can add a withholding
If you do not register before you start with-
tax account to your number. To update your
• pay nonresident employees to do work
holding tax, you may be assessed a $100
business information, log into e-Services or
for you in Minnesota (see “Exceptions”
penalty.
contact Business Registration (see page 2).
on page 4);
Employers Using Payroll Services
As an employer, you are responsible to
Payroll service companies (third party bulk
Your payments must be made electronically
ensure your returns are filed and payments
filers) must register with the department
if you use a payroll service company.
are made on time even if you contract with
and give us a list of clients for whom they
Note: You can call our withholding tax
a payroll service company. We are required
provide tax services. They are required to
information line (see page 2) during busi-
to notify you of any underpayment on
electronically remit to us any tax they col-
ness hours to verify your deposit and return
your withholding account. If you receive a
lect from clients.
information.
notice, work with your payroll service com-
For details, see Fact Sheet 5.
pany to decide which of you will contact us
to correct your account.
Third Party Bulk Filers - Payroll Service Providers
A third party bulk filer—also known as a
File Returns and Deposit Tax
Update Client Information
payroll service provider—is a person or
Electronically
You must provide the department with
company who has custody or control over
As a third party bulk filer, you are required
updated client information at least once per
another employer’s funds for the purpose of
to file returns, make deposits, and submit
month if you have clients to add or remove.
filing returns and depositing tax withheld.
W-2 and 1099 information electronically
To update client information, go to our
using e-Services. Go to our website and
website and login to e-Services.
Register for a Minnesota tax ID number
login to e-Services.
Both you as a third party bulk filer and each
For additional information, including regis-
of your clients, must have a valid Minnesota
When filing returns, you can data-enter
tering and responsibilities, see Fact Sheet 5.
tax ID number. To get a tax ID number,
each client’s filing information or send an
go to our website and click “Register for a
electronic file (in a spreadsheet format) that
Minnesota tax ID number” or call 651-282-
contains the information for your clients.
5225 or 1-800-657-3605 during business
Both options use the e-Services system. File
hours.
layout information can be found on our
website. Type File Formats in the Search
box.
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