A Guide To STARTING A BUSINESS IN MINNESOTA 42nd Ed 2024

How often:

The employer must deposit Minnesota withholding tax following a semi- weekly or monthly schedule. For deposit schedule information, see the Minnesota Income Tax Withholding Instruction Booklet and Tax Tables, available from the Minnesota Department of Revenue.

13. File federal withholding return (quarterly) or employment taxes (annually) Quarterly filers Form: Form 941, Employer‘s QUARTERLY Federal Tax Return

Different forms are required for employers of agricultural employees.

Available from: Internal Revenue Service. Filed with:

The IRS Service Center designated on the form.

How often:

T he employer must file a return quarterly. Annually for employers of agricultural employees using Form 943, Employer's Annual Federal Tax Return for Agricultural Employees

Annual filers Form:

Form 944, Employer’s Annual Federal Tax Return (optional).

Available from: Internal Revenue Service.

Small businesses may be affected by changes to Form 944, Employer’s Annual Federal Tax Return. The changes include the ability for small employers to elect whether they want to file Form 944 or Form 941, Employer’s Quarterly Federal Tax Return. Employers who have estimated employment tax liability of $1,000 or less for the entire calendar year are eligible to file annual Form 944 rather than the quarterly Form 941. In the past, filing this form has been mandatory for employers who met the qualifications and were notified by the Internal Revenue Service to file Form 944. Employers who are Form 944 filers can opt out by telephone at 800-829-4933 no later than April 1 of the current year, or in writing no later than March 15 of the current year. Form 941 employers, who want to file Form 944 and are eligible, can opt in to filing a Form 944 during the same election period by the same methods. Whether opting in or opting out of Form 944 filing, after contacting the IRS, the taxpayer will be notified in writing about which return to file.

Filed with:

How often:

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