Missouri Tax Changes - January 2025
Minnesota Corporate Income Tax—Minnesota updates release on withholding for agricultural workers.
The Minnesota Department of Revenue has updated a release explaining the withholding tax requirement of those who employ agricultural workers who work in Minnesota or who are Minnesota residents. (Minnesota Withholding Tax Fact Sheet No. 3, 12/17/2024.)
Minnesota Corporate Income Tax—Minnesota revises release on withholding requirements for corporate officers.
The Minnesota Department of Revenue has issued a revised release explaining the Minnesota income tax withholding responsibilities as they relate to officers of a corporation. The release discusses the withholding requirements for officers; registering for withholding tax; withholding tax from wages; and how to pay withholding tax and file state withholding tax returns. (Minnesota Withholding Tax Fact Sheet No. 6, 12/16/2024.)
Minnesota Corporate Income Tax—Minnesota guidance on withholding for construction contracts with government agencies revised.
No state agency or local unit of government can make final payment to a contractor (and any subcontractors) until the Minnesota Department of Revenue certified that they fulfilled their Minnesota withholding tax requirements. The Department has revised a release that explains how contractors and subcontractors must submit to the Department a contractor affidavit to receive a certificate of compliance that the contractor or subcontractor has fulfilled the requirement of the Minnesota withholding tax laws. (Minnesota Withholding Tax Fact Sheet No. 13, 12/26/2024.)
Minnesota Corporate Income Tax—Minnesota revises release on submitting Form W-2 and W-2c information.
The Minnesota Department of Revenue has revised a release explaining the requirements and options for submitting Form W-2 and W-2c information to the Department. (Minnesota Withholding Tax Fact Sheet No. 2, 12/26/2024.)
Minnesota Corporate Income Tax—Minnesota revises release on nonresident entertainer tax withholding.
The Minnesota Department of Revenue has issued a revised release explaining the Minnesota income tax withholding responsibilities as they relate to nonresident entertainers, entertainment entities, and promoters. The release discusses withholding requirements; compensation subject to nonresident entertainer withholding tax; requirements for promoters; requirements for nonresident entertainers or entertainment entities; and examples and definitions. (Minnesota Withholding Tax Fact Sheet No. 11, 12/23/2024.)
Minnesota Corporate Income Tax—Withholding tax requirements for states with reciprocity agreements with Minnesota.
The Minnesota Department of Revenue revised a release explaining the Minnesota law for employee income tax withholding and reciprocity agreements with Michigan and North Dakota. The release discusses: reciprocity exemptions; withholding tax for Minnesota; withholding tax for employee's state of residence; reporting information of the company's Minnesota withholding tax return; completing Form W-2 when an employer has a valid Form MWR; and penalties. (Minnesota Withholding Tax Fact Sheet No. 20, 12/26/2024.)
Minnesota Corporate Income Tax—Minnesota updates release on third-party bulk filers.
The Minnesota Department of Revenue has updated a release explaining the withholding tax responsibilities of third-party bulk filers, also known as payroll service providers. The release discusses the responsibilities of third-party bulk filers; how to register as a third-party bulk filer; how to access and update a client list; what to do if a client is not registered for Minnesota withholding tax; how to make payments and file returns; how to submit W-2, W-4MN, and 1099 information; and demand letters. (Minnesota Withholding Tax Fact Sheet No. 5, 12/31/2024.)
Minnesota Corporate Income Tax—Minnesota updates new employer withholding tax guide.
The Minnesota Department of Revenue has updated its new employer guide, that explains the Minnesota income tax withholding and other tax responsibilities of a new employer. The release discusses registering for required ID numbers; federal and Minnesota requirements for new employees; backup withholding; other state and federal taxes; and other resources. (Minnesota Withholding Tax Fact Sheet No. 10, 12/27/2024.)
Minnesota Corporate Income Tax—Minnesota guidance on withholding classification of independent contractors revised.
The Minnesota Department of Revenue has revised a release that explains the income tax withholding responsibilities as they relate to the classification of independent contractors. The release discusses how to classify a worker; requirements for employees; requirements for independent contractors; requests for a determination; and consequences of classifying workers incorrectly. (Minnesota Withholding Tax Fact Sheet No. 8, 12/26/2024.)
Minnesota Corporate Income Tax—Guidance updated on withholding employee income assigned to Minnesota.
The Minnesota Department of Revenue has revised a release on how an employer assigns income to Minnesota for tax purposes. The release discusses what wage payments are assigned to Minnesota for tax purposes; how payments on the sale of statutory stock options are allocated to Minnesota; how payments from qualified deferred compensation plans are allocated to Minnesota; how severance payments are allocated to Minnesota; how equity-based awards are allocated to Minnesota; and how other non-statutory deferred compensation is allocated to Minnesota. (Minnesota Withholding Tax Fact Sheet No. 19, 12/16/2024.)
Minnesota Corporate Income Tax—Minnesota revises release on withholding responsibilities for household employees.
The Minnesota Department of Revenue has revised a release that explains the withholding tax responsibilities as they relate to household employees. The release discusses when household workers are considered employees; withholding requirements; registering for withholding tax; withholding tax from wages; how to file and pay the tax; and other employment taxes that may apply. (Minnesota Withholding Tax Fact Sheet No. 7, 12/23/2024.)
Minnesota Corporate Income Tax—Minnesota revises release on submitting Form 1099 information.
The Minnesota Department of Revenue has revised a release explaining the requirements and options for submitting Form 1099 information to the Department. (Minnesota Withholding Tax Fact Sheet No. 2a, 12/26/2024.)
Minnesota Corporate Income Tax—Minnesota withholding responsibilities relating to classification of wages, employees, and exceptions.
The Minnesota Department of Revenue has issued a revised release explaining the Minnesota income tax withholding responsibilities as they relate to classification of wages, employees, and exceptions. The release discusses taxable wages; who is an employee; withholding income tax from wages; other types of withholding (unrelated to employee wages); and registering for withholding tax. (Minnesota Withholding Tax Fact Sheet No. 9, 12/16/2024.)
Minnesota Corporate Income Tax—Minnesota updates release on withholding requirements at fairs and special events.
The Minnesota Department of Revenue has updated a release explaining how to register for, file, and pay Minnesota withholding tax if a person has employees working at a Minnesota fair or event. The release also discusses the withholding obligations with respect to corporate officers; employees who are residents of Michigan or North Dakota (states that have income reciprocity agreements with Minnesota); backup withholding; the nonresident entertainer tax; and other taxes. (Minnesota Withholding Tax Fact Sheet No. 4, 12/20/2024.)
Minnesota Corporate Income Tax—Minnesota withholding requirement for surety deposits for non-Minnesota contractors.
The Minnesota Department of Revenue has revised a release that explains the requirement for surety deposits for non-Minnesota construction contractors. The release discusses the surety deposit requirements; how to qualify for an exemption from the surety deposit requirement; how to apply for an exemption; how to pay the surety deposit; and additional requirements. (Minnesota Withholding Tax Fact Sheet No. 12, 12/26/2024.)
Minnesota General Administrative Provisions—Minnesota governor announces 2025 budget proposals.
Minnesota Governor Tim Walz has presented his 2025 biennial budget, which proposes cutting the statewide sales tax by 0.075%, which would be the first sales tax cut in state history. They also propose closing loopholes by expanding the sales tax base to services provided to individuals by investors, bankers, and lawyers, making the tax system more fair and less regressive. Additionally, the budget proposes an investment in a new corporate franchise tax division unit to audit complex pass-through entities and close loopholes. The budget also proposes an increase in the surcharge currently levied on health maintenance organizations from 0.6% to 1.25% of total premium revenue. The budget also expands the Research and Development tax credit, and expands Minnesota’s nation-leading Sustainable Aviation Fuel tax credit.
Minnesota Personal Income Tax—Minnesota updates release on withholding for agricultural workers.
The Minnesota Department of Revenue has updated a release explaining the withholding tax requirement of those who employ agricultural workers who work in Minnesota or who are Minnesota residents. (Minnesota Withholding Tax Fact Sheet No. 3, 12/17/2024.)
Minnesota Personal Income Tax—Minnesota revises release on withholding requirements for corporate officers.
The Minnesota Department of Revenue has issued a revised release explaining the Minnesota income tax withholding responsibilities as they relate to officers of a corporation. The release discusses the withholding requirements for officers; registering for withholding tax; withholding tax from wages; and how to pay withholding tax and file state withholding tax returns. (Minnesota Withholding Tax Fact Sheet No. 6, 12/16/2024.)
Minnesota Personal Income Tax—Minnesota guidance on withholding for construction contracts with government agencies revised.
No state agency or local unit of government can make final payment to a contractor (and any subcontractors) until the Minnesota Department of Revenue certified that they fulfilled their Minnesota withholding tax requirements. The Department has revised a release that explains how contractors and subcontractors must submit to the Department a contractor affidavit to receive a certificate of compliance that the contractor or subcontractor has fulfilled the requirement of the Minnesota withholding tax laws. (Minnesota Withholding Tax Fact Sheet No. 13, 12/26/2024.)
Minnesota Personal Income Tax—Minnesota revises release on submitting Form W-2 and W-2c information.
The Minnesota Department of Revenue has revised a release explaining the requirements and options for submitting Form W-2 and W-2c information to the Department. (Minnesota Withholding Tax Fact Sheet No. 2, 12/26/2024.)
Minnesota Personal Income Tax—Minnesota revises release on nonresident entertainer tax withholding.
The Minnesota Department of Revenue has issued a revised release explaining the Minnesota income tax withholding responsibilities as they relate to nonresident entertainers, entertainment entities, and promoters. The release discusses withholding requirements; compensation subject to nonresident entertainer withholding tax; requirements for promoters; requirements for nonresident entertainers or entertainment entities; and examples and definitions. (Minnesota Withholding Tax Fact Sheet No. 11, 12/23/2024.)
Minnesota Personal Income Tax—Withholding tax requirements for states with reciprocity agreements with Minnesota.
The Minnesota Department of Revenue revised a release explaining the Minnesota law for employee income tax withholding and reciprocity agreements with Michigan and North Dakota. The release discusses: reciprocity exemptions; withholding tax for Minnesota; withholding tax for employee's state of residence; reporting information of the company's Minnesota withholding tax return; completing Form W-2 when an employer has a valid Form MWR; and penalties. (Minnesota Withholding Tax Fact Sheet No. 20, 12/26/2024.)
Minnesota Personal Income Tax—Minnesota updates release on third-party bulk filers.
The Minnesota Department of Revenue has updated a release explaining the withholding tax responsibilities of third-party bulk filers, also known as payroll service providers. The release discusses the responsibilities of third-party bulk filers; how to register as a third-party bulk filer; how to access and update a client list; what to do if a client is not registered for Minnesota withholding tax; how to make payments and file returns; how to submit W-2, W-4MN, and 1099 information; and demand letters. (Minnesota Withholding Tax Fact Sheet No. 5, 12/31/2024.)
Minnesota Personal Income Tax—Minnesota updates new employer withholding tax guide.
The Minnesota Department of Revenue has updated its new employer guide, that explains the Minnesota income tax withholding and other tax responsibilities of a new employer. The release discusses registering for required ID numbers; federal and Minnesota requirements for new employees; backup withholding; other state and federal taxes; and other resources. (Minnesota Withholding Tax Fact Sheet No. 10, 12/27/2024.)
Minnesota Personal Income Tax—Minnesota guidance on withholding classification of independent contractors revised.
The Minnesota Department of Revenue has revised a release that explains the income tax withholding responsibilities as they relate to the classification of independent contractors. The release discusses how to classify a worker; requirements for employees; requirements for independent contractors; requests for a determination; and consequences of classifying workers incorrectly. (Minnesota Withholding Tax Fact Sheet No. 8, 12/26/2024.)
Minnesota Personal Income Tax—Guidance updated on withholding employee income assigned to Minnesota.
The Minnesota Department of Revenue has revised a release on how an employer assigns income to Minnesota for tax purposes. The release discusses what wage payments are assigned to Minnesota for tax purposes; how payments on the sale of statutory stock options are allocated to Minnesota; how payments from qualified deferred compensation plans are allocated to Minnesota; how severance payments are allocated to Minnesota; how equity-based awards are allocated to Minnesota; and how other non-statutory deferred compensation is allocated to Minnesota. (Minnesota Withholding Tax Fact Sheet No. 19, 12/16/2024.)
Minnesota Personal Income Tax—Minnesota revises release on withholding responsibilities for household employees.
The Minnesota Department of Revenue has revised a release that explains the withholding tax responsibilities as they relate to household employees. The release discusses when household workers are considered employees; withholding requirements; registering for withholding tax; withholding tax from wages; how to file and pay the tax; and other employment taxes that may apply. (Minnesota Withholding Tax Fact Sheet No. 7, 12/23/2024.)
Minnesota Personal Income Tax—Minnesota revises release on submitting Form 1099 information.
The Minnesota Department of Revenue has revised a release explaining the requirements and options for submitting Form 1099 information to the Department. (Minnesota Withholding Tax Fact Sheet No. 2a, 12/26/2024.)
Minnesota Personal Income Tax—Minnesota withholding responsibilities relating to classification of wages, employees, and exceptions.
The Minnesota Department of Revenue has issued a revised release explaining the Minnesota income tax withholding responsibilities as they relate to classification of wages, employees, and exceptions. The release discusses taxable wages; who is an employee; withholding income tax from wages; other types of withholding (unrelated to employee wages); and registering for withholding tax. (Minnesota Withholding Tax Fact Sheet No. 9, 12/16/2024.)
Minnesota Personal Income Tax—Minnesota updates release on withholding requirements at fairs and special events.
The Minnesota Department of Revenue has updated a release explaining how to register for, file, and pay Minnesota withholding tax if a person has employees working at a Minnesota fair or event. The release also discusses the withholding obligations with respect to corporate officers; employees who are residents of Michigan or North Dakota (states that have income reciprocity agreements with Minnesota); backup withholding; the nonresident entertainer tax; and other taxes. (Minnesota Withholding Tax Fact Sheet No. 4, 12/20/2024.)
Minnesota Personal Income Tax—Minnesota withholding requirement for surety deposits for non-Minnesota contractors.
The Minnesota Department of Revenue has revised a release that explains the requirement for surety deposits for non-Minnesota construction contractors. The release discusses the surety deposit requirements; how to qualify for an exemption from the surety deposit requirement; how to apply for an exemption; how to pay the surety deposit; and additional requirements. (Minnesota Withholding Tax Fact Sheet No. 12, 12/26/2024.)
Minnesota Personal Income Tax—Minnesota revises release on tax issues affecting seniors.
The Minnesota Department of Revenue has revised a release that explains how seniors (age 65 or older) file and pay Minnesota Individual Income Tax. It also covers common programs, deductions, and credits affecting seniors. (Minnesota Individual Income Tax Fact Sheet No. 6, 12/26/2024.)
Minnesota Personal Income Tax—Minnesota revises release explaining how to file on behalf of deceased taxpayer.
The Minnesota Department of Revenue has revised a release that explains the reporting responsibilities of a surviving spouse, a personal representative, or executor for an estate of someone who has died. (Minnesota Individual Income Tax Fact Sheet No. 9, 12/30/2024.)
Minnesota Personal Income Tax—Minnesota revises release explaining how to file past-due returns.
The Minnesota Department of Revenue has revised a release that provides guidance for taxpayers who have failed to file one or more of their Minnesota individual income tax returns and are trying to get caught up. The release covers filing requirements for past years, penalties and interest, time limitations, and what happens if a taxpayer does not file required returns. (Minnesota Individual Income Tax Fact Sheet No. 12, 12/23/2024.)
Minnesota Personal Income Tax—Minnesota release on residency of military personnel revised.
The Minnesota Department of Revenue has revised a release explaining Minnesota residency and filing requirements for military personnel and their spouses. (Minnesota Individual Income Tax Fact Sheet No. 5, 12/23/2024.)
Minnesota Personal Income Tax—Minnesota revises releases explaining the K-12 education subtraction and credit.
The Minnesota Department of Revenue has revised two releases that discuss the state's two programs—the K-12 education subtraction and the K-12 education credit—that help families pay expenses related to a child's kindergarten through 12th grade (K-12) education. (Minnesota Individual Income Tax Fact Sheet No. 8, 12/30/2024; Minnesota Individual Income Tax Fact Sheet No. 8a, 12/26/2024.)
Minnesota Personal Income Tax—Minnesota revises release explaining tax treatment of part-year residents.
The Minnesota Department of Revenue has revised a release explaining who is considered a part-year resident of Minnesota, their filing requirements, how they file and pay Minnesota income tax; and their eligibility for the state's homestead credit refund and renter's credit. (Minnesota Individual Income Tax Fact Sheet No. 2, 12/31/2024.)
Minnesota Personal Income Tax—Minnesota revises release explaining tax treatment of nonresidents.
The Minnesota Department of Revenue has revised a release explaining who is considered a nonresident of Minnesota, their filing requirements, and how they file and pay Minnesota income tax. (Minnesota Individual Income Tax Fact Sheet No. 3, 12/23/2024.)
Minnesota Personal Income Tax—Minnesota updates release explaining tax benefits for taxpayers with disabilities.
The Minnesota Department of Revenue has revised a release discussing the state tax credits, deductions, and programs that individuals with disabilities may qualify for. (Minnesota Individual Income Tax Fact Sheet No. 20, 12/31/2024.)
Minnesota Personal Income Tax—Minnesota revises release explaining subtractions, credits and extensions for military personnel.
The Minnesota Department of Revenue has issued a release that explains tax the benefits and relief that military personnel may qualify for, including subtractions, credits, extensions, and programs. (Minnesota Individual Income Tax Fact Sheet No. 5a, 12/26/2024.)
Minnesota Personal Income Tax—Minnesota revises release explaining reciprocity agreements.
The Minnesota Department of Revenue has revised a release discussing the income tax reciprocity agreements Minnesota has with Michigan and North Dakota. (Minnesota Individual Income Tax Fact Sheet No. 4, 12/26/2024.)
Minnesota Personal Income Tax—Minnesota revises release explaining residency.
The Minnesota Department of Revenue has revised a release explaining Minnesota residency and how income is taxed by Minnesota. (Minnesota Individual Income Tax Fact Sheet No. 1, 12/26/2024.)