Minnesota DOR Releases Withholding Fact Sheet on Tax Responsibilities for New Employers

The Minnesota Department of Revenue (DOR) Dec. 27, 2024, released a Withholding Fact Sheet outlining tax responsibilities for new employers in the state. The document covers requirements for obtaining necessary identification numbers, verifying employee eligibility and social security numbers, withholding federal and state taxes, paying unemployment taxes, reporting new hires, and providing worker’s compensation insurance. It also lists resources and contact information for various state and federal agencies related to employment taxes. [Minn. Dep’t of Revenue, Withholding Fact Sheet No. 10, 12/27/24]

This story was produced by Bloomberg Tax Automation, and edited by Bloomberg Tax staff.