Minnesota DOR Releases Income Tax Fact Sheet on Failure to File Past-Due Returns

The Minnesota Department of Revenue (DOR) Dec. 23, 2024, released an Income Tax Fact Sheet providing guidance for individuals who failed to file past-due Minnesota Individual Income Tax returns. The document outlines filing requirements, penalties and interest, time limitations, and consequences for not filing required returns. It specifies that penalties and interest will be assessed based on the rates in effect for the year of the return being filed, and provides details on late filing penalties, late payment penalties, interest charges, and potential penalty abatements. The interest rate for unpaid taxes for this year is eight percent. [Minn. Dep’t of ...