Form Awc - Alternative Withholding Certificate For Nonresident Individual Partners And Shareholders
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Form AWC, Alternative Withholding Certificate for Year
for Nonresident Individual Partners and Shareholders
For use by nonresident individual partners or shareholders subject to Minnesota withholding. Complete a certificate each year you
wish to reduce the amount withheld by the partnership or S corporation.
First Name and Initial
Last Name
Social Security Number
Address (Street, Apartment number, Route)
City
State
ZIP Code
1 Your estimated share of Minnesota distributive income from this partnership or S corporation
or your estimated total Minnesota taxable income for the tax year, whichever is less . . . . . . . . . . . . . . . . . . . . . . . . . . . 1
2 Multiply line 1 by 9.85 percent (.0985) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2
3 Minnesota individual estimated tax you paid for the tax year . . . . . . . . . . . . . . . . . 3
4 Minnesota income tax withheld from other income (from Form W-2 or W-2P) . . . . 4
5 Add lines 3 and 4 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 5
6 Subtract line 5 from line 2 (if result is zero or less, enter 0). This is the amount you are requesting to be withheld . . . 6
Partner or shareholder: I declare that this form is correct and complete to the best of my knowledge and belief.
Signature
Daytime Phone
Date
To be completed by the entity:
Partner or shareholder: Complete, sign, and date this certificate. Give the original form to the
Name of Partnership or S Corporation
partnership or S corporation before the end of the entity’s tax year.
Partnership or S corporation: Enter the partnership’s or S corporation’s name and federal and
Federal ID Number
Minnesota ID Number
Minnesota tax ID numbers at right. Include a copy of each AWC you receive when you file your
Form M3 or M8 tax return.
Instructions
All partnerships and S corporations must
Filing Form AWC
Who should file Form AWC
withhold Minnesota income tax for any
Sign and date the completed form, and give
Complete this form if you are a nonresident
nonresident individual partner or share-
it to the partnership or S Corporation. They
individual partner of a partnership or share-
holder who:
will need this information before filing their
holder of an S corporation and you:
• is not included in composite income tax;
tax return. They must file all AWC forms
• expect to receive Minnesota distribu-
and
with their original return by the due date.
tive income of $1,000 or more from this
• has Minnesota distributive income of
Do not file this certificate with your Form
partnership or S corporation; and
$1,000 or more.
M1, Minnesota Individual Income Tax
• want less than 9.85 percent of your Min-
You must withhold 9.85 percent of their
Return. Do not send it directly to the De-
nesota source distributive income to be
Minnesota source distributive income, less
partment of Revenue. To claim the amount
withheld by the entity.
any credits that are passed through to them.
withheld, file Form M1 and include the
If you choose to have 9.85 percent of your
Schedule KPI or KS you receive from the
However, we will allow you to withhold
distributive income withheld or to be in-
partnership or S corporation.
a smaller amount of tax if the partner or
cluded in composite income tax, you do not
shareholder owes less Minnesota tax. This
If your Form AWC is found to be false, the
need to complete this form.
may happen if a partner or shareholder:
Department of Revenue may require that in
Do not use this form for wage withholding.
• has paid Minnesota estimated tax or had
future years the partnership or S corpora-
Minnesota withholding tax taken out of
tion withhold the maximum percentage of
This certificate is effective for one tax year.
wage income; or
your Minnesota distributive income, even if
Complete a new Form AWC for each year
• has Minnesota taxable income less than
you submit Form AWC.
you wish to change the amount withheld by
the distributive income received from this
this partnership or S corporation.
entity, due to losses from other Minne-
sota sources.
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