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Last Updated: 5/23/2014

June Accelerated Filer

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Sales and Use Tax

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New accelerated payment requirements

Who is a June Accelerated Filer?

If a taxpayer had a Sales and Use Tax liability that exceeds $250,000 in the state's prior fiscal year (July 1 - June 30), they are required to make a June accelerated payment. Once you're required to make a June accelerated payment, you must continue making this payment until you receive further notice.

What are my options for estimating my June accelerated payment?

The June accelerated payment is due two business days before June 30. The remaining payment and your June return are due Aug. 20.
 
To avoid penalty, your June accelerated pay­ment must be at least:
 
  • 81.4 percent of your actual June liability, or
  • 81.4 percent of your May liability, or
  • 81.4 percent of your average monthly liabil­ity for the previous calendar year.

When I log in to e-Services to make a payment, what payment option should I select?

You may select either the “Estimated Payment” or “Return Payment” option. Be sure to select the correct period when making a payment only.

What penalties apply if I don’t make my June accelerated payment?

If you do not make an accelerated payment by the required due date or you underpay the amount, you will be subject to a penalty. The penalty is 10 percent of the difference between your timely payment and 81.4 percent of your actual June liability.

 
Additional Information:
See Filing Due Dates for a complete list of due dates
View the statute: M.S. 289A.20, subd. 4