Minnesota Income Tax Withholding - Minnesota Department Of Revenue - 2017 Page 14
ADVERTISEMENT
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
29
30
31
32
33
34Penalties and Interest
• Do not submit a W-2 or information return
Late-payment penalty
Repeat penalty
electronically when required (see page 12
If you pay all or part of the tax after the
An additional 25 percent (.25) penalty
for electronic filing requirements)
due date, you must pay a penalty. The late-
can be assessed if you repeatedly file and
payment penalty applies to late deposits
pay late.
• Provide a false or fraudulent W-2 or infor-
and late return payments. If your payment
mation return
Extended delinquency penalty
is 1 to 30 days late, the penalty is 5 percent
• Refuse to provide all information required
There is a 5 percent (.05) or $100 penalty,
(.05) of the unpaid tax; 31 to 60 days late,
on the forms
whichever is greater, for failure to file a
10 percent (.1); more than 60 days late, 15
withholding tax return within 30 days
The total W-2 and information return penal-
percent (.15).
after a written demand is given.
ties assessed cannot exceed $25,000 per year.
Late-filing penalty
W-2 and information return penalties
Interest
There is an additional 5 percent (.05) pen-
A $50 penalty can be assessed each time
You must pay interest on both the amount
alty on the unpaid tax if you file your return
you:
you send in late and the penalty. The interest
late.
rate is 4 percent (.04).
• Do not provide a W-2 or information
Payment method
return to your payees
To calculate how much interest you owe, use
There is a 5 percent (.05) penalty if you are
• Do not provide a W-2 or information
the formula below:
required to make your withholding tax pay-
return to us
ments electronically and you pay by paper
Interest = (tax + penalty) x # of days late x
check.
interest rate ÷ 365
Amend a Return
If an error was made on a withholding
You must also enter contact information
Note: You must send us Forms W-2c and
tax return that was filed, you must amend
and a detailed explanation of why you are
any corrected Forms 1099 with Minnesota
(change) your return to correct the error
amending the return.
withholding. For more information, see
using e-Services.
page 13.
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
assistance.
• Reported an incorrect amount of tax
withheld for the period
14
ADVERTISEMENT
0 votes
Related Articles
Related forms
Minnesota Unrelated Business Income Tax (ubit) Instructions - Minnesota Department Of Revenue - 2017
Financial
Homestead Credit Refund For Homeowners And Renters Property Tax Refund - Minnesota Department Of Revenue - 2017
Financial
Instructions For Form Mt11 - Production Tax Report - Minnesota Department Of Revenue - 2017
Financial
Related Categories
Parent category: Financial