Minnesota Tax Form BANK - Bank Authorization for Direct Debit Instructions

If you are electronically filing your Form M1, M2, M3, M4 or M8, and you want to have your taxes due automatically withdrawn (direct payment) from your checking or savings account, complete Form BANK.

The Bank Authorization for Direct Debit (BANK) complies with current ACH rules.

If you are the taxpayer

Requesting the direct payment option is voluntary and applies only to the electronic return you are filing.

By signing the BANK form, you are authorizing the Department of Revenue to automatically withdraw the taxes due directly from your checking or savings account.

You must sign and date this form. If you are filing a joint return, your spouse must also sign.

Your tax preparer is required to keep a signed BANK form until the end of the calendar year in which your return was electronically filed.

If you are preparing your own return, keep the BANK form with your tax records.

Do not mail this form to the Department of Revenue.

If you are the Electronic Return Originator (ERO)

Currently, the IRS requires you to keep the W-2, W-2G and 1099 forms and other documents for three years. You should also keep with these IRS records the signed, original Form BANK, Minnesota copies of all W-2, W-2G and 1099 forms and any other form that shows Minnesota income tax withheld.

If you choose to discard Minnesota records earlier, the minimum length of time you must keep these documents on file is until the end of the calendar year in which the return was filed electronically.

If the Department of Revenue requests copies of Form BANK and/or W-2, W-2G or 1099 forms, you must provide the information within five working days.

Do not mail Form BANK unless requested to do so by the Department of Revenue.