Minnesota Releases Further Updates to Fact Sheet 19

Paul Ogawa
March 18, 2022

Minnesota recently released additional updates to the Income Tax Fact Sheet 19, Municipal Bond Payment Reporting Information. This fact sheet explains the law and responsibilities for payers and transmitters required to report interest dividend and interest payment information to Minnesota using a modified version of federal Form 1099-B. These are further revisions to the sheet released earlier in the year. There are updates to the filing specifications that change field positions for electronic reporting and filers will need to adjust accordingly.

To view the Fact Sheet, click here.

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Paul Ogawa

Paul Ogawa is a Senior Regulatory Counsel at Sovos Compliance. As part of the Regulatory Analysis team, his main areas of focus are state and federal tax withholding, the Affordable Care Act (ACA), and Canadian tax information reporting. Prior to Sovos, Paul worked as a litigation attorney in Boston area law firms, representing clients in insurance subrogation claims, family law matters, and employment disputes. Paul is a member of the Massachusetts Bar, earned his B.A. from Brandeis University and his J.D. from the Suffolk University Law School.
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