W-2 and Information Return Penalty
The Minnesota Department of Revenue may assess a $50 penalty each time you:
- Do not provide your employee a federal Form W-2 or information return (federal Form 1099)
- Do not provide us a W-2 or information return
- Provide us a false or fraudulent W-2 or information return
- Refuse to provide 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.