The Free Press, Mankato, MN

Local News

March 28, 2014

State tax changes have preparer's phones ringing

Taxpayers look for more refund, some money back

ST. PETER — When Gov. Mark Dayton last week signed a tax relief bill, tax preparers phones began ringing.

"We're getting lots of calls," said Marie Drantell, a certified public accountant in St. Peter.

"The ones who call are the ones who've already filed. They're looking for more refund or if they paid in, to get some back."

For now, those who've filed will have to sit tight until details of the tax cuts are rolled out and she can determine who might be in line for a refund.

For those who haven't yet filed their taxes the advice is simple: "They should wait until April 3rd."

That's the date the state is to have new forms ready representing the changes.

Drantell said people seem to be under the impression the cuts affect more people than they actually do. The state estimates that only one in 10 Minnesotans will benefit form the tax bill.

"There are some good changes. We're appreciative of the changes, but the timing could have been better. When you do retroactive changes during the tax season, you have to change the state system and all the private vendors have to change their systems."	

Drantell said that for her clients who've already filed, she will review their files this summer to see if they should file amended returns, which cost about $20 to $50 depending on the complexity and the tax preparer's fees.

The state said it will notify those who may be eligible for a benefit from the tax cut, but Drantell worries they may miss some filers, which is why she will review her clients' files.

"It's going to be a long summer."

Up to 270,000 taxpayers will get some of the $49 million in individual income tax relief made available this year.

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