Taxpayers Amending 2022 and 2023 Federal Returns Due to H.R. 1

If a taxpayer amended their 2022 or 2023 federal return solely due to H.R. 1 and their Minnesota tax remains unchanged due to nonconformity to the federal changes, the taxpayer must send a letter explaining the impact.

The letter should include the following information:

• The date the taxpayer amended their federal return.
• For businesses, their Federal Employer Identification Number and Minnesota Tax ID Number.
• For individuals, their Social Security Number.
• The impacted tax years and the reason for the amendment.
• The specific section of H.R. 1 that impacted the taxpayer’s federal return.
• A clear explanation of why the federal adjustment does not change the taxpayer’s Minnesota tax.

Taxpayers should send the letter to: Minnesota Department of Revenue, 600 Robert St N, Mail Station 4110, St. Paul, MN 55146-4110.

To dig deeper, visit the original article on the Thomson Reuters blog.