Include a note requesting a payment plan. We will contact you concerning the acceptability of your proposed payment schedule. In the meantime, begin making your payments on the schedule you requested. When you make your payments, include your social security number on your check and state it is for payment of your 2000 income tax. Beginning April 17 and every 30 days thereafter, late payment penalties are added to the amount due, so you will want to pay the balance as soon as possible.
Interest also accrues on the unpaid balance.
If you owe taxes, you must pay by April 16 or penalty and interest will be assessed. If you expect to owe money but are not ready to file the return, you can send in your payment using Form M-13, Income Tax Extension Payment , to avoid any penalty. With this form, you estimate the amount you owe. You must make a good-faith effort to estimate your tax due and pay at least that amount. You still will have to pay interest on the amount of tax due that was not paid by April 16, but will not be charged a late payment penalty as long as you file the Minnesota income tax return and pay the balance by October 15.