Department of Revenue preparing for the 2019 filing season
There are many unanswered questions heading into 2019 after two tax bills that would have provided conformity were vetoed last session. The Minnesota Department of Revenue (DOR) is evaluating its forms, guidance for filing and its internal systems to determine the adjustments needed to provide clearer direction for next year.
DOR staff recently met with the MNCPA Business & Industry Advisory Committee to discuss the upcoming filing season and the issues where additional guidance is necessary.
DOR priorities in this process include:
What can you expect?
- Minimizing impact to its customers.
- Supporting voluntary compliance.
- Assisting taxpayers and tax preparers.
- Protecting the integrity of the tax system.
The DOR expects to know the number of new forms and what they will look like by Aug. 1.
- New forms, including a longer (possibly more than one page) and reordered M1NC form.
- A nonconformity form for businesses.
- Additional lines on the business form.
- Additional communication about the cash versus accrual basis.
- Additional guidance on how a federal tax election affects Minnesota filing.
It is doubtful a special session will be called before the end of the year to address conformity, so the DOR is moving ahead as if today's status will remain. In the unlikely event a special session is called, what are the top issues you feel need to be addressed? If nothing changes, what additional clarification is needed from the DOR? Let me know at email@example.com.
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