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WWW.revenue.state.MN.SUSE Tax for Businesses146
Fact Sheet Sales Tax Fact Sheet 146Whats new in 2018
We clarified when sellers are required to collect local
sales taxes. See Local Sales and Use Taxes
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What is final 146?
Final 146 refers to a tax form used to report income or losses from business activities that have ceased.
Who is required to file final 146?
Individuals or businesses that have stopped their business activities during the tax year are required to file final 146 form.
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Final 146 form can be filled out by providing information such as income, expenses, assets, and liabilities related to the ceased business activities.
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The purpose of final 146 form is to report the financial status of business activities that have ceased to the tax authorities.
What information must be reported on final 146?
Information such as income, expenses, assets, and liabilities related to the ceased business activities must be reported on final 146 form.
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