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M500, Reporting of JOBZ Tax Benefits for Tax Year Revenue State Mn  Form

M500, Reporting of JOBZ Tax Benefits for Tax Year Revenue State Mn Form

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Minnesota Withholding Tax is state incometax you as an employer must take out of your employees wages.This is required for most of your employees who work or live in Minnesota.You must send the money to the Minnesota Department of Revenue and file withholding tax returns.Generally, Minnesota withholding tax applies to all payments made to employees for servicesthey provide for your business.Our definition of wages is the same as the one used by the Internal Revenue Service.Examples of qualifying payments include: Salaries,Tips, Cash payments,Bonuses, Commissions,Fringe benefits, and compensation paid to corporate officersBefore you start withholding income tax, you have to register for a Minnesota Tax ID number.To find out how to get one, visit the Business Center on our website at revenue.state.mn.usIf you already have a Minnesota Tax ID number, you can use that same number for your withholdingtax account.Once you re registered to withhold income tax, you need to let us know if the st

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