W-2 and Information Return Penalty
The Minnesota Department of Revenue may assess a $50 penalty each time any of the following occur:
- You do not provide your employee a federal Form W-2 or information return (federal Form 1099)
- You do not provide us a W-2 or information return
- You provide us a false or fraudulent W-2 or information return
- You refuse to provide us all information required on a W-2
Our maximum penalty is $25,000 per year.
For details on our W-2 requirements, see Forms W-2 and 1099.