By Kyle M. Brehm and David B. Tibbals
With the COVID-19 pandemic continuing to disrupt business operations, the Minnesota Department of Revenue on April 10, 2020, offered additional relief to those businesses with upcoming MinnesotaCare tax payment obligations. The Department initially announced relief measures on March 20, 2020, which were summarized in our earlier update, “MinnesotaCare Tax Relief for Businesses Impacted by COVID-19.”
The latest relief measure relates specifically to those monthly and quarterly estimated MinnesotaCare tax payments ordinarily due on April 15, 2020. The Department is now granting a 60-day grace period for such payments, which are now due June 15, 2020. The grace period is automatically effective; taxpayers do not need to request this relief.
Our team continues to actively track tax impacts created by this challenging time. Please feel free to contact us to discuss this further.
