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Tax Information for

University of Minnesota Employees

 
This page is provided as a courtesy to University of Minnesota staff and faculty with convenient links regarding tax issues and procedures which may affect our employees. For information on tax considerations when hiring/paying employees or conducting any other official University business, please see the "Informantion for Departments" page instead.

Office of Human Resources

The University of Minnesota Office of Human resources has a whole page dedicated to information about compensation and taxes for University employees which you can visit by clicking here.

Accountable Plan

The University of Minnesota has an Accountable Plan for Employee Reimbursement. If the IRS has asked you for a statement regarding your employer's Accountable Plan, please click here.

Employee Recognition Awards

What are the tax implications of providing and receiving employee recognition awards? The chart available here provides guidance on the taxability of various items, including cash, unrestricted gift certificates, and restricted non-negotiable gift certificates. If taxable awards are made to employees, information on payroll responsibilities may be found here.

 

Employee Pensions

The University of Minnesota contributes to a variety of retirement plans that provide benefits for the various faculty/employee groups at the University. The University Tax Management Office works with the Office of Human Resources- Employee Benefits, to ensure that the University is complying with federal tax requirements relating to retirement plans.For information on your retirement accounts, go to the Employee Self Service Page.

Recently the IRS announced the cost of living adjustments (COLAs) to retirement plan limits for 2008. View key items by clicking here.

 

Frequently Asked Questions

from University Employees

 

Q: When will I receive my W2?

A: These forms will be mailed to you on or before January 31st of each year.

 

Q: How do I get a duplicate W2?

A: University Employees can request a reissued W2 form by logging in at the Employee Self Service Page.

 

Q: How do I change my withholding?

A: University Employees can update their withholding by choosing "Update your W-4 Tax Information" on the Employee Self Service Page.

 

Q: I have questions about my payroll taxes, who do I contact?

A: Contact your department payroll administrator, or check out the Pay & Taxes section of the Office of Human Resources compensation website.

 

 

Additional Contacts

Employees or former employees with questions regarding W-2's or 1099-R's should call the HRMS/Payroll Call Center at 612-625-2000.

Employees or former employees with questions on benefits should call Employee Benefits at 612-624-9090.

Individuals with questions on 1099MISC should call the Controller's Office, Disbursement Services, 1099 Processing at 612-624-4066.

 

The University Tax Management Office does not provide tax advice to individuals and recommends that employees consult with their tax advisors regarding their own circumstances as they apply to the tax law.

 

©2007 University Tax Management Office

University of Minnesota, Minneapolis, MN. All rights reserved. this page was last updated on January 22, 2008 11:13 AM

January 22, 2008 11:13 AM