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Form Instruction W-2 & W-3 Minnesota: What You Should Know

Virgin Islands wages, Form W-2FS is used to report wages from foreign countries such as Puerto Rico, Form W-8ED is used to report Social Security, and Form W-2G is used to report payments made by Federal, State, or  local governments. BASED ON YOUR W-4 (EMPLOYEE WITHHOLDING ALLOWANCE CERTIFICATE). 4. TAXES ASSESSED UNDER STATE and LOCAL MUTUAL. The Minnesota Department of Revenue collects taxes for many of. Minnesota has four taxing authorities that levy taxes on the income of. . Minnesota Department of Revenue: Minnesota Revenue Authority — Social Security Taxes: Minnesota Revenue Authority — Property Tax: Minnesota Revenue Authority — Unemployment Insurance Taxes: Minnesota Revenue Authority — Tax on Profits from Mining: Minnesota State Legislature — Income Tax: Minnesota State Legislature. The first two taxation authorities are social security taxes. The Income Tax is levied on the entire amount of your reported Social Security, the Property Tax is levied on all net taxable value of your property you possess, the Unemployment Insurance Taxes is charged on your total wages from any job, and the Tax on Profits from Mining is charged on all net taxable profits from mining. Taxes are assessed and collected by the local tax assessing bodies and their local officials. These bodies are responsible for collecting the taxes and administering the laws of the state.

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