11 July 2017 Minnesota law accelerates Form W-2 deadline to January 31 and makes changes to other return filing requirements Under recently enacted HF1, the deadline for employers to submit Forms W-2 to the state Department of Revenue is accelerated to January 31, effective with calendar year 2017 Forms W-2 due in 2018. The requirement to submit Forms W-2 electronically if submitting 10 or more forms is repealed and instead authorizes the commissioner to determine the content, format, and manner in which employers submit Forms W-2. Effective with returns filed after December 31, 2017, the law eliminates the requirement that employers submit an annual withholding tax reconciliation because the Department is able to electronically identify discrepancies in withholding accounts without the need for a separate return. Effective with returns filed after December 31, 2016, employers may file withholding tax returns on an annual basis, rather than quarterly, if the employer's annual withholding liability is $500 or less or if a newly eligible employer is projected to remit $500 or less on an annual basis. The annual withholding return will be due on January 31, beginning with returns to be filed after December 31, 2016. Document ID: 2017-1100 |
