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Partnership Estimated Tax Instructions
Estimated payments for partnerships filing Form M3
If the due date falls on a Saturday, Sunday The Department of Revenue does not have
Filing Requirements
A partnership, limited liability company or legal holiday, payments electronically any financial agreement with Value Pay-
or limited liability partnership must pay made or postmarked the next business day ment Systems and does not receive any of
estimated tax if the sum of its estimated are considered timely. its fees.
minimum fee, nonresident withholding and Underpaying Installments. If you under- ACH Credit Method and Fed Wire. If
composite income tax for all nonresident pay any installment or did not pay by the you use other electronic payment methods,
partners electing to participate in compos- due dates, an additional charge for under- such as ACH credit method or Fed Wire, be
ite income tax, less any credits, is $500 or payment will be added to your tax (see sure to check with your bank or Fed Wire
more: Schedule EST). representative to find out when to initiate
The partnership must pay quarterly install- the payment in order for it to be received on
Minnesota Tax ID Number. If you don’t
ments based on its required annual pay- time. Some banks require up to three busi-
have a Minnesota ID number, you must
ment. If the minimum fee/nonresident ness days to transfer funds. If needed, ACH
first apply for one. You can apply online at
withholding and composite income tax are credit method instructions are available on
www.revenue.state.mn.us or by calling 651-
subject to the estimated tax requirements, our website at www.revenue.state.mn.us.
282-5225 or 1-800-657-3605.
include all in the same quarterly payments. Check Payment Option
A partnership is not required to pay esti- Paying Electronically If you’re not required to pay electronically
mated taxes the first year it is subject to tax If you’re required to pay any Minnesota and are paying by check, visit our website
in Minnesota. business tax electronically, you’re required at www.revenue.state.mn.us and click on
to pay all Minnesota taxes electronically— “Make a Payment” and then “By check” to
Required Annual Payment. The required including partnership estimated tax. create a voucher. Print and mail the voucher
annual payment is the lesser of: Failure to pay electronically when required with a check made payable to Minnesota
• 90 percent of the current year’s tax liabil- will result in a penalty being assessed. The Revenue.
ity; or penalty is 5 percent of each payment that When you pay by check, your check autho-
• 100 percent of the prior year’s tax liability. should have been remitted electronically, rizes us to make a one-time electronic fund
but was remitted by some other means. transfer from your account. You may not
The required annual payment must be paid
receive your cancelled check.
in four equal installments unless certain Electronic Payment Options
exceptions apply (see the instructions for • Go to www.revenue.state.mn.us and log Tax-Year End Date. Enter the ending date
Schedule EST, Additional Charge for Un- in to e-Services; or of the tax year for which the estimated tax
derpayment of Estimated Tax). • Call 1-800-570-3329 to pay by phone. payment is being made. For example, if
your tax year ends on Dec. 31, 2019, enter
You can pay your installments electroni- You’ll need your user name, password
December 2019 on each of the four install-
cally or by credit/debit card. If you’re not and banking information. When paying
ments.
required to pay electronically and are electronically, you must use an account not
paying by check, visit our website at www. associated with any foreign banks. Make your check payable to Minnesota
revenue.state.mn.us and click on “Make a After you authorize the payment, you’ll re- Revenue and mail it with your completed
Payment” and then “By check” to create a ceive a confirmation number. You can can- voucher to Minnesota Revenue.
voucher. Print and mail the voucher with a cel a payment up to one business day before
check made payable to Minnesota Revenue. the scheduled payment date, if needed. Information and Assistance
Website: www.revenue.state.mn.us
Due Dates. Quarterly installments are due Credit or Debit Card. For a fee, you can
by the 15th day of the fourth, sixth and Email: BusinessIncome.tax@state.mn.us
use your credit or debit card to make a
ninth months of the tax year and the first Phone: 651-556-3075
payment through Value Payment Systems, a
month following the end of the tax year. national company that partners with federal, This material is available in alternate
Installments for a short tax year are due in state and local governments to provide formats.
equal payments on the 15th day of the third, credit and debit card payment services.
sixth, ninth and final months of the tax year To do so:
depending on the number of months in the
short tax year. No installments are required • Go to paystatetax.com/mn; or
for a short tax year of fewer than four • Call 1-855-9-IPAY-MN.
months.
Stop writing checks Pay electronically!
It’s Secure, Easy, Convenient, Free
(Rev. 8/19) www.revenue.state.mn.us
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