Minnesota Statute §518A.28 (b) and (e) addresses a party’s requirement to provide income information requested by the opposing party and the penalties for failure to provide the information that is required by statute or court order.
A problem arose here because the statute only required the production of the past year’s tax returns. In some cases this would not be helpful because a party had sought an extension or had failed to file. Additionally, some parties did not provide copies of their complete tax returns or only provided their form 1040.
The new law addresses this problem by requiring production of complete tax returns, production of 1099’s, W-2’s, and K-1’s if a federal return has not been filed for that year.
In the new Minnesota Statute §518A.28 (e), if a party has violated an order or statute requiring disclosure of income or employment information, or changes to that information, the court can issue an order requiring compensation, cost, and reasonable attorney’s fees to the party who was wrongfully deprived of the information. In no event can this information be provided later than three years from the date it should have been provided.