Fillable Form Ig263 - Joint Self-Insurance Tax Return

2013 Form IG263 Instructions

For insurance tax laws, see Minnesota Statutes, Chapter 297I.01 – 297I.95 at

Who Must File?

Payments

alty is due. The penalty is 5 percent of the

unpaid tax for any part of the first 30 days

File Form IG263 for the following joint self-

Electronic Payments

the payment is late, and 5 percent for each

insurance plans:

If your total insurance taxes and surcharges

additional 30-day period, up to a maximum

• any property and/or casualty or automo-

for the last 12-month period ending June

of 15 percent.

bile liability (M.S. Chapter 60F),

30 is $10,000 or more, you are required to

Late Filing. Add a late filing penalty to

• certain employer health coverage ar-

pay your tax electronically in all subsequent

the late payment penalty if your return is

rangements (M.S. Chapter 62H).

years.

not filed by the due date. The penalty is 5

For plans operating under Chapter 60F,

You must also pay electronically if you’re

percent of the unpaid tax. When added to

the tax is equal to 2 percent of the total

required to pay any Minnesota business tax

the late payment penalty, the maximum

amount of claims paid during the fund

electronically, such as sales or withholding

combined penalty is 20 percent.

year, with no deductions for claims wholly

tax.

Payment Method. If you are required to

or partially reimbursed through stop-loss

To pay over the Internet, go to the depart-

pay electronically and do not, an additional

insurance.

ment’s website at

5 percent penalty applies to payments not

For plans operating under Chapter 62H,

and login to e-Services. If you don’t have

made electronically, even if a paper check is

the tax is equal to 2 percent of the total

Internet access, call 1-800-570-3329 to

sent on time.

amount of claims paid during the fund’s

pay by phone. You’ll need your user name,

fiscal year, with no deductions for claims

password and bank routing and account

Line 5 — Interest

wholly or partially reimbursed through

numbers. When paying electronically, you

You must pay interest on the unpaid tax

stop-loss insurance.

must use an account not associated with any

plus penalty from the due date until the

foreign banks.

total is paid. The interest rate for calendar

Before You File

year 2014 is 3 percent. The interest rate may

If you use other electronic payment

change for future years.

You Need a Minnesota Tax ID

methods, such as ACH credit method or

Your Minnesota tax ID is the seven-digit

Fed Wire, instructions are available on our

To figure how much interest you owe, use

number you’re assigned when you register

website or by calling Business Registration

the following formula with the appropriate

with the Department of Revenue. You must

Office at 651-282-5225 or 1-800-657-3605.

interest rate:

include your Minnesota tax ID on your

Interest = (tax + penalty) × # of days late ×

return so that your filing and any payments

Check Payment (Form PV58)

interest rate ÷ 365

you make are properly credited to your

If you are not required to pay electroni-

account.

cally and choose to pay by check, complete

Business Information

a PV58 payment voucher and mail it with

If you don’t have a Minnesota tax ID, apply

Changes

your check. Write your Minnesota tax ID

online at or call

Be sure to let us know within 30 days if you

number on your check.

651-282-5225 or 1-800-657-3605.

change mailing addresses, phone numbers,

When you pay by check, your check autho-

It is also important to enter your federal ID

or any other business information. To do

rizes us to make a one-time electronic fund

number, but not in place of your Minnesota

so, go to our website and click “Update

transfer from your account, and you may

tax ID number.

business info” from the e-Services menu. By

not receive your canceled check.

notifying us, we will be able to let you know

Due Date

of any changes in Minnesota tax laws and

Line Instructions

File Form IG263 and pay any tax due by

filing requirements.

March 1 of each year.

Check Boxes

Information and Assistance

At the top of the form, check if the return is:

The U.S. postmark date, or date recorded or

• an Amended Return: Check only if you

Website:

marked by a designated delivery service, is

are amending a previously filed return

considered the filing date (private postage

Email: insurance.taxes@state.mn.us

for the same period. Include all original

meter marks are not valid). When the due

Phone: 651-556-3024

and corrected premiums on the amended

date falls on a Saturday, Sunday or legal

We’ll provide information in other formats

return.

holiday, returns and payments electroni-

upon request to persons with disabilities.

• for No Activity: Check only if you did not

cally made or postmarked the next business

have any tax activity during the period.

day are considered timely. When a return

For questions about licensing and regula-

or payment is late, the date it is received at

tions, contact the Minnesota Department of

Also check the appropriate box on the front

the Department of Revenue is treated as the

Commerce:

of the form to indicate your type of entity.

date filed or paid.

Website:

Line 4 — Penalty

Extension for Filing Return. If good cause

Email:

companylic.commerce@state.mn.us

Late Payment. If you don’t pay the entire

exists, you may request a filing extension.

Phone: 651-296-6319 or 1-800-657-3602

tax by the due date, a late payment pen-

Form Ig263 - Joint Self-Insurance Tax Return - 2013 Page 2

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