Minnesota State Tax Forms for 2011, 2012

We will start at the beginning with two simple outcomes. One is, you will receive a refund and the other possible outcome is you will have taxes due to the State of Minnesota.

When are the taxes due?

The taxes are due April 17^th, which is the due date every year. Now, if you don’t pay by April 17^th and you owe taxes then, you will have to pay late fees and a penalty. If on the other hand you have a refund coming, you have 3 ½ years to file your Minnesota return for the refund. I don’t know who would want to wait that long but, it’s up to you.

What if I’m late in filing my taxes and I owe money?

Okay, if you know you owe money but, don’t have your paperwork in order to file your return then, you can avoid the penalty by estimating the amount of taxes you owe. You can pay the estimated amount owed either electronically using the e-File Minnesota system or you can send a check with Form M13. M13 is the income tax extension payment Form.

How much do I have to pay?

You must pay at least 90 percent of your total tax due to show your good faith payment. If you pay at least 90 percent of your taxes owed then, the penalty will not be used against you. However, you will be charged interest on the remaining taxes due that are unpaid by April 17^th. As I have already stated, you will not be charged a late payment penalty as long as you file the Minnesota income tax return and pay the balance by October 15^th.

What should a part time resident do for Minnesota state tax forms?

If you lived in Minnesota for part of the year you are still required to file all of your income sources received during the time you lived in Minnesota. If you don’t meet the filing requirement, you will still want to file to receive a refund of the withholding. You will use Form M1 and Schedule M1NR. Find Minnesota State tax forms here

I still have questions

If you have more questions about your Minnesota State Tax Form then, you might want to consult with the tax professionals at TurboTax Online. First of all they will search for over 350 possible deductions you may deserve to receive and you guaranteed the largest refund possible if you have one coming.

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