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

STATE OF MINNESOTA TAX REQUIREMENTS

YOU MAY BE LIABLE FOR

IF YOU ARE TAXED AS*

USE FORM

DUE ON OR BEFORE

Withholding of Income Tax

Sole proprietor, corporation, S corporation or partnership -Minnesota Withholding Tax Returns -Minnesota Withholding Tax Deposits

e-Services or Income Tax Withholding payment voucher. See Payment Voucher System

See File a Withholding Tax Return and Withholding Tax Due Dates

M3, Partnership Return M8 , S Corporation Return

Nonresident Partner or Shareholder Withholding

Due date of tax return

Partnership S corporation

Unemployment Tax

Sole proprietor, corporation, S corporation, partnership, limited liability partnership or Limited Liability Company

Minnesota Unemployment Insurance Self-Service User System. Registration and login links available at Employers and Agents Unemployment Quarterly Wage Detail Report and Tax Payment using Minnesota Unemployment Insurance Self-Service User System. Registration and login links available at Employers and Agents M4, Corporate Franchise Tax Return M8, S Corporation Return M3 , Partnership Return

Prior to the submission of the first quarterly wage detail report

Within one month after end of each calendar quarter

Minimum Fee

Due date of tax return

Corporation

S Corporation Partnership

Other Taxes

Call Department of Revenue

*Note that generally speaking, single-member LLCs may choose to be taxed as a sole proprietorship or a corporation. LLCs with at least two members may choose to be taxed either as a corporation or as a partnership. For Minnesota unemployment insurance purposes, all LLCs are treated as corporations.

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