Penalties and Interest for Individuals
Filing and paying your taxes late costs you money. The Minnesota Department of Revenue may assess a penalty if you intentionally file a false or fraudulent return to claim a refundable credit. The penalty is equal to 50% of the fraudulently claimed refund plus 50% of any understated tax.
You may request an abatement (cancellation) of late-filing or late-payment penalties if you have a reasonable cause. For details, see Penalty Abatement for Individuals.