Partnerships often discover they had nexus with Minnesota – a taxable activity or presence in the state – for years they didn’t file returns in Minnesota. If you are one of those firms, we encourage you to have a representative contact the Department of Revenue in order to work out a voluntary disclosure agreement.
You may remain anonymous during negotiations and achieve immediate compliance with Minnesota tax laws once an agreement is executed and you fulfill its terms. There is no statute of limitations for unfiled returns, so you should disclose any errors no matter when they occurred.
The initial contact for voluntary disclosures is usually a “good faith” letter from a tax attorney or other representative on behalf of a client. This notice typically does not name the client, but describes the situation and requests an agreement with us. Once finalized, the agreement:
- spells out the returns to be filed;
- may reduce or eliminate penalties to be paid; and
- may address other tax types in addition to the partnership nexus.
To initiate a voluntary disclosure agreement, have your representative call 651-556-5711 or write to:
Minnesota Department of Revenue
Corporation Franchise Tax Division, Nexus Unit
Mail Station 5130
St. Paul, MN 55146-5130