Important Estate Tax Portability Update Announced

Important Estate Tax Portability Update Announced

If the federal estate tax exemption is cut approximately in half in 2026, as is currently scheduled, it may create significant issues for Minnesota taxpayers. The matter becomes especially challenging when one considers what may happen if the portability election is not made. The portability election provides married couples a powerful planning tool, or if one spouse has already passed, a pathway to additional estate tax savings. In fact, recent changes have extended the deadline by which certain taxpayers can make the election. However, even as an extended late election, it is not automatic, and requires taxpayers to pay careful attention to filing details. To help clients, prospects, and others, Smith Schafer has provided a summary of the key information below.

Portability, Explained

Portability allows one spouse to transfer his or her unused exemption amount at death (also called the Deceased Spousal Unused Exclusion amount, DSUE) to the other. In so doing, both spouses can use up to their full federal exemption, currently $12.06 million per individual. This allows a married couple to exclude $24.12 million ($12.06 million each) from estate and gift tax in 2022. Individuals can give away during their lifetime and/or at death the federal exclusion amount and avoid federal estate tax on this same amount.

To elect portability, the estate of the first deceased spouse needs to file Form 706, United States Estate (and Generation-Skipping Transfer) Tax Return. The estate tax return is due within nine months of death and can be extended for another six months if the estate timely files an extension. Because the federal estate tax exemption is set to revert to pre-2018 levels in 2026, high net worth married couples will need to closely evaluate their estate planning strategy with the new late portability election in mind. Especially for Minnesota residents, whose estates will be under different rules at the state level, portability is a way to maximize tax planning.

Late Election for Portability

Effective as of July 8, 2022 the late portability election has been extended to on or before the fifth anniversary of the first spouse death. Previously, estates generally had two years to make the election on Form 706. The IRS has considered and granted later portability elections, but estates had to go through a lengthier, costly process of obtaining a private letter ruling. Because portability can only be elected on Form 706, estates that fall under the federal filing threshold and therefore aren’t required to file Form 706, may have missed the election simply by not knowing about it or perhaps thinking they did not qualify.

Eligibility for late portability hinges on these requirements:

  • The deceased spouse must have a surviving spouse, have been a U.S. resident or citizen, and died after December 31st, 2010.
  • Form 706 wasn’t required to be filed based on the value of the gross estate.
  • An estate return was not filed within the time required

Consistent with previous IRS guidance, estates that should have filed but didn’t – or missed the deadline– are ineligible.

Updated guidance from the IRS allows for a simplified method of electing late portability. Though the IRS won’t contact eligible estates, the surviving spouse, executor, or other appointed representative may simply make the needed filing. A private letter ruling, and the process that goes with it, is unnecessary.

Proposed Minnesota Estate Tax Portability

Like 11 other states and Washington, D.C., Minnesota applies an estate tax, which can be a gap in tax planning that Minnesota married couples may be unprepared for. Up to $3 million is exempt from the state’s estate tax. From there, state estate taxes range from 13 percent (for estates starting at $3 million) and go up to 16 percent (for estates valued above $10 million). 

With a much lower exemption, many married couples have an estate subject to Minnesota estate tax. And in Minnesota, portability between spouses has not been allowed.

That could change

New in 2022, there’s a proposal to modify tax law to allow some level of spousal unused exclusion amounts. It would be effective as of June 1, 2022. The new law would allow any unused exclusion amount less than $3 million to be transferred to the surviving spouse.

Like the federal portability election, the surviving spouse or appointed estate representative would need to file an estate tax return and make the needed election. Once made, it is irrevocable.

Portability is one piece of a larger estate planning strategy. Married couples shouldn’t rely on it as the primary means to minimize or escape federal estate tax. Lifetime gifts, certain types of trusts, and the generation skipping transfer tax are other potential factors to consider. Finally, portability at the federal level might not be worth it for estates that are under the federal exemption, but if Minnesota’s proposed law passes, it’s still a valuable tool at the state level.

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The recently announced changes to the federal late portability election is good news for high-net-worth and other taxpayers. The benefit doubles if state tax laws are changed to permit a higher exclusion. If you have questions about the information outlined above, or need assistance with an estate tax matter, Smith Schaefer can help. For additional information, click here to contact us. We look forward to speaking with you soon.

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2022 IRS Backlogs & Taxpayer Service Updates

2022 IRS Backlogs & Taxpayer Service Updates

The IRS has been busy. In the past two years, the agency has processed trillions of dollars in pandemic relief funds, adjusted to often-changing tax deadlines, and dealt with several complex new tax laws. At the same time, funding was 20 percent lower than in 2010. Understaffed is the understatement of the century.

The perfect storm of COVID-19, lack of funding, and understaffing has resulted in record backlogs and delays in virtually every aspect of interacting with the agency. In fact, 2021 went down as the worst year ever for IRS customer service. When the 2022 tax season started, the agency still had 11.7M unprocessed tax returns. Since then, leaders have taken several steps toward corrective action for a better taxpayer experience including the mass hiring of new employees.  

Still, the average Minnesota taxpayer may be left wondering if the experience will really be different and what they can expect in the second half of 2022. To help clients, prospects, and others, Smith Schafer, has provided a summary of the key details below.

What’s Been Going on at the IRS?

Backlogs are a routine part of tax return processing for the IRS; normal numbers are less than one million returns at the start of each tax season. Unprocessed returns often arise due to missing information, math errors or other mistakes, and manually processing paper returns.

In 2021, taxpayers dealt with issues like refund delays, an inability to connect with an agent on the phone or in-person, e-filing barriers, and lack of information about refund status online. An example of how poor customer service and systemic staffing issues came to a head was a Taxpayer Advocate report that one person at the IRS handled about 13,000 calls last year. It’s little wonder why most taxpayers who called in couldn’t ever connect with an agent.

This year, the nearly 12 million unprocessed returns in January 2022 could be traced back to changes involving COVID-19 tax laws and a lack of adequate staff to manage the change. The IRS responded by adding overtime, repositioning its workforce, and suspending some automatic notices.

Coming off tax season, while the IRS has slashed its number of unprocessed returns, refunds may still take longer than usual. The following are all contributing factors, including:

  • Higher than average return errors because of Economic Impact Payments
  • Temporary tax law changes related to the Earned Income Tax Credit
  • Amended returns from 2020

The IRS in 2022

All that considered, the IRS is only on slightly better ground in the second half of 2022. The pandemic didn’t create holes in the agency so much as it revealed them. A June 2022 tweet featuring a picture of an IRS facility in Austin, TX with an entire cafeteria of paper returns waiting to be processed. The tweet’s author, a tax policy counselor for the U.S. Treasury, said that the IRS is largely still operating as a “paper-based agency with a heavy reliance on manual processing.”

Then there was the controversial decision to destroy 30 million paper information returns in March 2021, which became public in 2022.

As the federal agency that Americans tend to interact with the most, the IRS is already subject to high expectations for customer service. Clearly, there is more work to be done both internally with staffing, technology, and operations, and externally with the agency’s reputation among taxpayers.

And while the IRS has been diligent in alleviating the backlog of returns and trying to answer taxpayer questions promptly, delays are likely to persist for some time.  

The IRS’s website has operational updates for common taxpayer questions and scenarios related to actions and follow-up requirements. Of note:

  • “[A]ll paper and electronic individual returns received prior to October 2021 have been processed if the return had no errors or did not require further review.”
  • As of June 1, 2022, 10.5 million unprocessed individual tax returns remained.
  • 2 million returns have errors
  • 2.1 million returns are amended individual tax forms 1040-X
  • 8.5 million returns are paper returns that will be manually processed

These include both new 2021 tax year returns and those previously received. Any return that needs to be manually reviewed can expect a refund on average in 90 to 120 days, but that estimate can vary depending on the nature of the error.

Also of note, the IRS said, “If you filed before October 2021 and Where’s My Refund? does not have any information, your return has been opened but work on it has not begun.”

Status of Amended Payroll Tax Returns

Another area where business taxpayers have been negatively affected is retroactively claiming the Employee Retention Tax Credit for 2020 or earlier quarters in 2021. Some taxpayers have been waiting since 2020 for their ERTC refund. This has resulted in safe harbors and added relief for affected businesses unable to pay an artificial payroll tax bill if the ERTC refund hasn’t been processed yet.

As of June 8, 2022, there were still 3.5 million unprocessed Forms 941.

The total amount of unprocessed Forms 941-X sits at around 222,000, and the IRS said that some of these can’t be processed until the related 941s are processed first.

Two IRS service centers in Cincinnati and Ogden are handling these requests, as staff at those locations have been trained on COVID-19 tax credits.

Solving the Problems

Moving forward, the agency has two primary methods to improve the taxpayer experience: more funding and more people.

Congress granted the agency $12.6 billion – higher than its current budget, but still less than what was originally proposed. That means more money for taxpayer services, enforcement, operations support, new technology, and better business systems. It was also permitted to direct-hire thousands of new employees in 2022 and beyond. Fast-tracking new hires at in-person service centers across the country and elsewhere within the agency means more support for taxpayer questions – quicker.

Online and phone tools have also expanded since 2021. Phone callback rates increased 70 percent in 2022. Online self-service tools that taxpayers actually find useful have been more common: online pay and the ability to update personal information are just two of these.

Through the mail, the IRS hoped to prevent mistakes on returns before they even happened – and thus keeping refund times as low as possible – by sending taxpayers letters that calculated total amounts of economic impact payments or child tax credit advance payments. 

Introducing some automated systems have also helped to reduce the backlog and improve taxpayer service. This has varied from online and phone chatbot assistance to help with common questions to a new tool that increases reviews of returns with errors from a few dozen processed returns per hour to 1.5 million returns per week.

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While the IRS has taken significant steps to address the backlog, and other issues, it is not likely conditions will immediately improve. This means Minnesota taxpayers will need to exercise significant patience when dealing with the agency. If you have questions about the information outlined above or need assistance with a tax or accounting issue, Smith Schafer can help. For additional information, click here to contact us. We look forward to speaking with you soon.

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Midyear Tax Planning Essentials

Midyear Tax Planning Essentials

How did tax season go? Whether this most recent tax season left Minnesota business owners feeling good or dreading the thought of what will happen next year, there’s good news. Summer is an excellent time for parties in both camps to reclaim and enact a new tax planning strategy.

How TO have a proactive tax planning strategy

A proactive approach to taxes influences more than just what the IRS takes. It influences investment decisions, what to do with all sources of income – what to buy, when to save, and whether there’s a desire for philanthropy – and how to plan for retirement. Tax planning considers both short- and long-term goals against the company’s financial activities and current economic climate. There are always ways to save money on taxes; the paths to get there are seemingly limitless. In 2022, these are several midyear tax moves that business owners can make now to reduce tax liability.

Self-Employed Tax Breaks

One of the easiest and smartest ways for business owners to reduce taxable income is to increase contributions to a pre-tax retirement plan. This can be done through the employer-sponsored 401(k), 403(b), or 457(b) plan or through a self-employed plan like a SEP, SIMPLE IRA or a Solo 401(k).

If a business doesn’t yet have a retirement plan, the IRS provides tax incentives for startup plans.

In 2022, the maximum retirement plan contributions are $20,500 for employer-sponsored plans or $6,000 for IRAs. Individuals over age 50 can make catch-up contributions of $6,500 per year to their 401(k) or $1,000 to an IRA.

Business owners aged 70 ½ can also use their IRA’s required minimum distribution (RMD) as a charitable gift. Qualified charitable distributions are tax-free, so individuals’ taxable income won’t increase with the RMD and satisfy the desire to give back to the community. Up to $100,000 per individual can be used as a qualified charitable distribution.

Charitable giving is also an option in a year where the business owner would receive a large sum of money, from a bonus or other activity. In those tax years, a large charitable donation would result in a similarly large tax write-off. Some high-net-worth individuals utilize donor-advised funds (DAF) to make a large one-time donation; then, the DAF funds future charitable gifts. At that point, DAF distributions wouldn’t be tax deductible since the money was already deposited.

The Qualified Business Income Deduction (QBID) can also be a powerful tax savings tool. Eligible self-employed individuals and pass-through small business owners can deduct up to 20 percent of qualified business income from taxes. In 2022, QBID begins to phase out at $170,050 for single filers and $340,100 for married filing jointly. Even if business owners don’t itemize taxes, they can still qualify.

And in 2022, the temporary 100 percent business meals deduction is still in place. If the business purchases food or beverages from a restaurant, even for takeout or catering, the tax deduction is up from the usual 50 percent limit.

In general, business owners can reduce taxable income with eligible expenses. Beyond what’s discussed here, deductible expenses also include advertising, contractor fees, utilities, rent and/or mortgage payments, tax preparation and legal services, home office, employing children, and more.

Health Savings Account

For those with a high deductible health plan, health savings accounts (HSAs) offer a triple tax benefit: contributions are tax deductible, grow tax-free, and distributions are non-taxable if used for qualifying purposes. Money in an HSA, if left in the account, accrues interest and rolls over from year to year. Later, an HSA can be used in retirement. After age 65, there is no penalty for using HSA funds for non-medical purposes.

Small business owners could open an HSA through a bank or financial institution and may not need to go through a health insurance company at all.

2022 HSA contribution limits are $3,650 for individuals and $7,300 for family coverage. Individuals age 55 and older by the end of the year can make an extra $1,000 contribution.

Long-Term Tax Planning

Beyond the immediate tax breaks that the above tactics could generate, there are other ways to think about tax planning from a long-term perspective. A tax-efficient business is one that uses income, taxes, and deductions to its advantage. For example, year-round planning might indicate that accelerating income in one year would be more beneficial than deferring it, or vice versa, depending on the accounting method.

Entity selection is another long-term tax planning tool that many business owners may overlook. Especially in high-tax states, paying more tax as a business may be better than paying more as an individual. There is also the consideration of which business entity is the most appropriate if a sale or merger is on the horizon. Changing entity type takes time and planning, and it’s not a year-end decision. Modifying the accounting method may be another way to save on taxes, and again, realistically it’s something that can’t be done in December. 

Meticulous, accurate, and timely bookkeeping goes a long way in helping business owners claim every tax incentive they’re entitled to. Documentation is key. When there’s quality data, business owners can make real-time, informed decisions about current needs and future forecasts.

The Second Half of 2022

Looking ahead to the second half of the year, business owners may still be dealing with elements of the most recent filing season for many months to come. The IRS is still working to relieve backlogs from 2020, amended payroll tax returns for the employee retention tax credit continue to be delayed, and many 2021 returns are not yet processed, let alone filed – an Accounting Today article recalled how there may be more extension requests this year than ever before.

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Mid-year tax planning is an essential activity to ensure the business is positioned to pay the least amount in taxes possible. However, to achieve this outcome means Minnesota businesses should start reviewing plans now. If you have questions about the information outlined above or need assistance with another tax or accounting issue, Smith Schaefer can help. For additional information, contact us at [email protected] We look forward to speaking with you soon.

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How the Work Opportunity Tax Credit Can Benefit Your Business

How the Work Opportunity Tax Credit Can Benefit Your Business

Does your company qualify for the WOTC tax credit?

Business owners are facing operational and financial challenges, including those related to recruiting and employee retention. As of March 2022, the Employment Cost Index for total compensation in the Midwest rose by 5.1% compared to March 2021. The Work Opportunity Tax Credit (WOTC) may help hire the workers you need and provide significant tax savings.

The WOTC encourages employers to hire workers certified as members of 10 targeted groups (see below) facing barriers to employment. Employers who hire people from these groups and employ them for at least 120 hours can reduce federal tax liability by up to $9,600 per eligible employee. The value of this tax credit is determined by the target group under which the employee qualifies, the number of hours worked, and the wages earned in the period of employment applicable to that target group. In general, employers receive 25% of an eligible employee’s wages earned in the first year of employment if they work at least 120 hours. It is a one-time credit for each new hire, and an employer cannot claim the WOTC for rehired employees.

To qualify for the credit, before or on the day the job is offered, the individual needs to complete page one of IRS Form 8850Pre-Screening Notice and Certification Request. ETA Form 9061, Individual Characteristics, will also need to be completed. The signed forms must be submitted to the state workforce agency within 28 days after the eligible employee begins work. Business owners should submit WOTC application forms electronically via Minnesota’s automated online application system. If new to the WOTC Program, go to the Work Opportunity Tax Credit System Login site and select “Employer Registration” in the “New User” box to register for an account. This walks through the registration process.

Business owners can then claim the WOTC on their federal income tax return. To claim the WOTC, a business would include Form 5884, Work Opportunity Credit, when filing.

Target groups are as follows:

  • Designated Community Resident
  • Ex-Felon
  • Long-Term Family Assistance Recipient
  • Summer Youth Employee
  • Supplemental Nutrition Assistance Program Recipient
  • Supplemental Security Income Recipient
  • Qualified IV-A Recipient
  • Qualified Long-Term Unemployment Recipient
  • Qualified Veteran
  • Vocational Rehabilitation Referral

Current law allows claims on qualified employees hired through December 31, 2025. Taking advantage of tax credits can be a full-time job, and Smith Schafer’s tax team is here to help. We help business owners understand their options based on eligibility, navigate federal and state requirements, and claim the WOTC. Contact us today to learn more.

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Relief for Employee Retention Tax Credit Penalties

Relief for Employee Retention Tax Credit Penalties

The Employee Retention Tax Credit (ERTC) helped employers bolster cash flow and avoided layoffs during the most uncertain periods of COVID. The confluence of state issued forced business closures and stay at home orders created adverse conditions for many Minnesota companies. The program provided a desperately needed capital infusion to struggling businesses. By the time it ended for most taxpayers on September 30, 2021, it was one of the most valuable tax credits at employers’ disposal, allowing businesses to recoup thousands of dollars per year, per employee.

As the rules changed for who could take the credit, and for what amounts, millions of companies applied for the ERTC retroactively. This meant submitting an amended paper version of Form 941X. While a common practice, the staffing shortages at the IRS have created historical backlogs results in unusually long delays in processing these returns and the corresponding credit. This inconvenience created some unexpected issues which include the improper assessment of penalties on underpaid quarterly taxes. The situation demanded attention and the IRS responded by issuing new penalty relief for impacted companies. To help clients, prospects, and others, Smith Schafer & Associates has provided a summary of the key details below.

A Brief History of the Employee Retention Tax Credit

The Employee Retention Tax Credit (ERTC) was available as a temporary tax credit to eligible employers for wages paid between March 13, 2020 and September 30, 2021 – and until December 31, 2021 for eligible recovery startup businesses. Its real value lied in its status as a refundable tax credit, meaning employers could generate a negative tax liability for the quarter or the year.

At first, employers were permitted to claim $5,000 per employee for the whole year, or 50 percent of eligible wages up to $10,000. And initially employers could not claim the ERTC in the same quarter they received Paycheck Protection Program (PPP) funds. Guidance was later reversed in the Taxpayer Certainty and Disaster Tax Relief Act (December 2020) so that employers could qualify for both PPP and the ERTC in the same quarter provided the employer didn’t double-dip relief funds and relief tax credits for the same payroll expense.

Then, in 2021, the ERTC expanded to allow employers to claim up to $7,000 per employee, per quarter, or up to 70 percent of eligible wages up to $10,000. When it was slated to expire at the end of 2021, that meant a potential annual tax refund of up to $28,000 per employee.

Note that in both years, employers still had to meet criteria for reductions in gross receipts and/or government-issued closure.

The bottom line? Employers, left confused about what tax incentives were available and when, filed hundreds of thousands of amended quarterly payroll tax forms in 2021. And then they waited.

ERTC Penalty Relief on the Way

In March 2022, Congress held a hearing with IRS Commissioner Charles Rettig. At that time, Congress noted that many small businesses and nonprofits were still waiting on their ERTC refunds from the first, second, and third quarters of 2020. Automated processing for paper returns wasn’t, and still isn’t, an option for the understaffed and overworked IRS.

During that hearing, legislators pressed for relief. As Rep. Kevin Hern said, “In these cases, companies will be filing their April 2022 returns with reduced wages, but they still have not received the checks for the ERTC credit. Ultimately what this means is taxpayers are paying tax on income they have never received. Not only are small businesses liable for the tax on reduced wages, but they are also liable for the safe harbor on their estimated taxes, which is inflated due to the reduced wages.”

About one month later, the IRS did indeed issue relief for ERTC penalties.

Detailed Guidance for IRS Penalty Relief

In its April 18, 2022 news release, the IRS noted: “taxpayers that claimed the ERTC retroactively and filed an amended income tax return reducing their deduction for the ERTC qualified wages paid or incurred in the tax year for which the ERTC is retroactively claimed have an increased income tax liability but may not yet have received their ERTC refund.”

To help these employers, the IRS is allowing relief from penalties for failure to pay taxes provided certain conditions are met.

The First Time Penalty Abatement Program is available if the employer meets all three conditions below.

  • No penalties in the three previous tax years or didn’t previously have to file taxes.
  • Filed all currently required returns or timely filed an extension.
  • Paid, or arranged to pay, any tax due.

Employers still waiting for their ERTC refunds from the IRS are eligible for relief for unpaid taxes.

Beyond that, penalty relief is available if the employer can demonstrate reasonable cause. Reasonable cause would mean that the employer took steps to meet its tax obligations but was unable to do so. Willful neglect doesn’t count. Failure to pay taxes on its own doesn’t constitute reasonable cause, but not receiving the ERTC tax refund would be.

In judging penalty waivers for reasonable cause, the IRS will look at event timing, facts, and circumstances, and how those circumstances may have changed. Supporting documentation is required. Interest usually can’t be waived for penalty relief due to reasonable cause.

The last option to apply for ERTC penalty relief is via statutory exception. This can get more complicated as the employer would need to show that it relied on written IRS guidance, which led to the penalty. Then, once a copy of the incorrect IRS advice is produced, the employer would need to provide a report or other documentation related to the penalty.

Form 843 is then filed with the IRS to request penalty relief. If granted, interest would be waived, unlike with penalty relief from reasonable cause.

If an employer receives a notice from the IRS showing a penalty, the first step is to check if it is correct. If so, employers can follow the notice’s instructions – it might be that a phone call is all that’s needed. Remember, it is important to deal with these notices quickly, as interest can accrue daily depending on the penalty.

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The recently announced penalty relief will provide a sigh of relief for many Minnesota businesses. However, it is important to carefully review the recently issued guidance to ensure your business will qualify. If you have questions about the information outlined above or need assistance retroactively claiming the ERTC, Smith Schafer & Associates can help. For additional information, click here to contact us. We look forward to speaking with you soon.

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Minnesota Frontline Worker Payments

Minnesota Frontline Worker Payments

Legislation includes bonus payments to eligible COVID-19 frontline workers

The Minnesota Department of Labor and Industry is currently developing an online application system for eligible workers to apply for a bonus payment. There will be a 45-day application period and a 15-day appeal period for denied applications. The final list of eligible applicants will be processed together, and approved applicants will receive an equal share of the bonus (not to exceed $1,500). The eligibility criteria include specific work and income requirements and apply to certain job sectors.

Work Requirements

To be eligible for Frontline Worker Pay, the applicant:

  • Must have been employed at least 120 hours in Minnesota in one or more frontline sectors between March 15, 2020, and June 30, 2021
  • For the hours worked during this time period the applicant –
    • Was not able to telework due to the nature of the individual’s work and
    • Worked in close proximity to people outside of the individual’s household
  • Must meet the income requirements for at least one of the 2020 or 2021 tax years –
    • Workers with direct COVID-19 patient care responsibilities must have had an adjusted gross income of less than $350,000 for married taxpayers filing jointly, or less than $175,000 for other filers and
    • For workers in occupations without direct COVID-19 patient care responsibilities, the adjusted gross income limit is $185,000 for married taxpayers filing jointly, or $85,000 for other filers; and
    • Must not have received an unemployment insurance benefit payment for more than 20 weeks on a cumulative basis for weeks between March 15, 2020, and June 26, 2021.

Specific Job SectorS

  • Building services, including maintenance, janitorial, and security
  • Childcare
  • Courts and corrections
  • Emergency responders
  • Foodservice, including production, processing, preparation, sale, and delivery
  • Ground and air transportation services
  • Health care
  • Long-term care and home care
  • Manufacturing
  • Public health, social service, and regulatory service
  • Public transit
  • Retail, including sales, fulfillment, distribution, and delivery
  • Schools, including charter schools, state schools, and higher education
  • Temporary shelters and hotels
  • Vocational rehabilitation

Employer Notification Requirements

Once the State of Minnesota has opened the application period and applications go live, all frontline sector employers in the State are required to provide notification to their employees within 15 days. Frontline sector employers are businesses in the fields described in the Job Sector eligibility requirement list. A notice should be posted where all employees can see it. The notice should also be provided by paper or electronic means like other employer notifications.

The Minnesota Department of Labor and Industry created a webpage where employers can sign up to be notified when the application process goes live. Further information regarding MN Frontline Worker Pay and alert notifications from the state is available at https://frontlinepay.mn.gov.

If you have questions about the changes, Smith Schafer can help!

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