Minnesota’s Tax Debt Solutions

Are you struggling to pay your Minnesota tax debt and feeling overwhelmed or stressed out? You’re not alone! Millions of Americans feel the same. At Key Tax Group, we specialize in tax resolution and can help you get your taxes paid off once and for all. We have a team of experienced professionals who are well-versed in accounting and tax law, and we can help you find the best solution for your unique situation. Give us a call today to learn more about our services and keep reading to learn more about Minnesota’s tax debt solutions.

Business Payment Plans

If your business owes taxes to the state of Minnesota, you may be able to set up a business payment plan. To do so, you’ll need to contact the state directly via phone, email, or letter. At this time, you cannot set up a payment agreement online. The maximum term for business payment agreements is 60 months. However, it’s important to note a business with a revoked Sales Tax License will not have it reinstated just because a payment agreement has been set up. At Key Tax Group, we can help you navigate your business payment plan, set your frequency, learn how to pay through electronic funds transfers, and more.

Personal Payment Plans

Individuals can easily set up a personal payment plan using the Payment Plan Agreement System online. The payment agreement terms may vary based on your financial situation and abilities. Depending on the case, the MN-DOR may require a Personal Collection Information Statement to prove your ability to make monthly payments. The maximum term for personal payment plans is 60 months, but you may be able to qualify for a longer-term plan if you’re unable to pay within five years. If you need help setting up your payment plan or have questions about the process, Key Tax Group can help! We’ve helped countless individuals get their taxes paid off and we can do the same for you.

Compromise Agreement

When you’re unable to resolve your liability or pay your tax debt, it can result in the issue of a levy. The state of Minnesota could levy either property or rights which includes your wages, bank accounts, investments, personal property, and even associated third parties. Levies allow the state to seize up to the value of the amount you owe. If you’re unable to pay your tax debt, you can request a Compromise Agreement. This allows for a settlement for less than what you owe. To request a compromise, you need a thorough and comprehensive proposal created by the experts at Key Tax Group. This allows you to know it’s been done adhering to the terms and conditions of the state of Minnesota.

Due Process 

It’s important to understand your rights during the tax resolution process. The state of Minnesota is required to follow due process, which means they must provide you with written notice of their intended actions and give you a chance to resolve the liability or debt to prevent their actions from coming to fruition. This also helps prevent the state from issuing a tax lien against your property. If you’re facing tax troubles in Minnesota, Key Tax Group can help! We specialize in tax resolution. We can help you navigate the process and find the best solution for your situation. Give us a call today to learn more about Minnesota tax relief!

If you’re struggling with tax debt in Minnesota, there are several options available to you. Contact Minnesota’s tax debt solutions group, Key Tax Group. Get your free consultation today!