Military Spouse Filing Updates
On December 31, 2018, the Servicemembers Civil Relief Act was amended so that a taxpayer moving to a state to be with their spouse who is a military servicemember may ... Military Spouse Filing Updates
Tax News You Can Use
Claim Refunds for Tax Years 2013 and 2015 before April 15
If your or your client did not file a Montana individual income tax return for tax year 2013 or 2015, they may have unclaimed payments for that year and could ... Claim Refunds for Tax Years 2013 and 2015 before April 15
Clarifications Regarding the Deductibility of Federal Income Taxes
As in previous years, you can deduct up to $5,000 of federal income taxes paid on your Itemized Deductions Schedule, line 4. At the request of some tax practitioners, the ... Clarifications Regarding the Deductibility of Federal Income Taxes
MW-4 Wage Withholding Exemptions to be Renewed Each Year
Last December, the Department released Form MW-4, which includes a section for employees who qualify for one of four exemptions from wage withholding: Enrolled tribal members living on the reservation ... MW-4 Wage Withholding Exemptions to be Renewed Each Year
Calculating Gross Household Income for the Elderly Homeowner/Renter Credit
The 2018 Form 2 includes a new schedule for calculating the Elderly Homeowner Renter Credit. When determining gross household income, the claimant reports information from the Montana Forms 2 and ... Calculating Gross Household Income for the Elderly Homeowner/Renter Credit
Form NOL for 2018 is Now Available
The Montana Net Operating Loss (Form NOL) for 2018 is now available. It includes guidance on a new class of net operating losses (NOL) and how to include the loss ... Form NOL for 2018 is Now Available
March 1 Deadline Reminder for Property Owners
We would like to remind owners of real and personal property about several important deadlines approaching soon. Business and Industrial Equipment and Machinery Reporting Business and industrial equipment owners need ... March 1 Deadline Reminder for Property Owners
Transferring Your Montana Medical Savings Account (MSA)
In general, an account holder may transfer all or part of their account to an immediate family member—free of tax—at any time, even upon death. The recipient must: Be an ... Transferring Your Montana Medical Savings Account (MSA)
Montana Publication 1: Prepaying Income Tax is Now Available
Montana Publication 1: Prepaying Income Tax is now available in My Revenue. This publication explains the Montana pay-as-you-go system, which includes taxes and estimated taxes. The publication provides information on ... Montana Publication 1: Prepaying Income Tax is Now Available
2019 Withholding Filing Guidelines
Your Montana Annual W-2 1099 Withholding Tax Reconciliation (Form MW-3) is due January 31. The guidelines below will help you avoid the most common mistakes. Errors or incomplete submissions may ... 2019 Withholding Filing Guidelines
Elderly Homeowner/Renter Credit – Filing Options for Tax Year 2018
You may notice some changes for Tax Year 2018 if you are claiming the Elderly/Homeowner Renter Credit. Form 2EC has been discontinued, but you can still claim the credit as ... Elderly Homeowner/Renter Credit – Filing Options for Tax Year 2018
Pass-through Entity Delinquency Letters
We recently mailed delinquency letters to S corporations and partnerships who have not filed their 2017 Montana tax return. These letters were sent to entities that have an open account ... Pass-through Entity Delinquency Letters
Changes in Montana Medical Savings Accounts
There are some changes for Tax Year 2018 for holders of Montana Medical Savings Accounts. Increased Deduction Allowed For 2018, account holders can deduct up to $3,500, or $7,000 per … Changes in Montana Medical Savings Accounts
Updates to Montana Wage Withholding
The following letter was mailed to all active Montana employers on December 4, 2018: We have important news! Your Montana Annual W-2 1099 Withholding Tax Reconciliation Return (MW-3) will no … Updates to Montana Wage Withholding
Department of Revenue Adds Two New Members to Leadership Team
Department of Revenue Director, Gene Walborn, has announced two major additions to the department’s leadership team: Shauna Helfert Shauna Helfert Deputy Director Shauna Helfert began as Deputy Director of the ... Department of Revenue Adds Two New Members to Leadership Team
Resources
Resources from the Department of Revenue available to citizens, businesses, and government officials in Montana. Filter This Page Citizen Resources Bankruptcy Find Unclaimed Property Identity Verification Letters Individual Income Tax ... Resources
Department of Revenue Administrative Rule Update
The department adopted the following proposed amendments and new rules effective April 28, 2018. Pension and Annuity Income Exclusions, Dependent Exemptions, and Medical Care Savings Accounts MAR Notice 42-2-989 The ... Department of Revenue Administrative Rule Update
Tax Year 2018 Updates to Exemption for Dependent Child with Disability
The exemption for a dependent child with disability is twice the amount of the personal exemption. In 2018 this exemption is $4,880 (2 x $2,440). To be eligible, the taxpayer … Tax Year 2018 Updates to Exemption for Dependent Child with Disability
Notice of Assessment (NOA) Letters Mailed
The Department of Revenue is mailing individual income tax Notice of Assessment (NOA) letters for tax year 2017. If you or your clients have any questions or concerns regarding the ... Notice of Assessment (NOA) Letters Mailed
Sourcing Guaranteed Payments
Guaranteed payments remain with the partner receiving the payment as reflected on the federal Schedule K-1. The portion of the guaranteed payment that represents Montana source income is reported on ... Sourcing Guaranteed Payments
Irrigated Land Questionnaire Letters Mailed
The department recently mailed letters to irrigated land owners requesting them to report their 2017 irrigated energy costs using My Revenue. Owners that submit their 2017 energy costs for each ... Irrigated Land Questionnaire Letters Mailed
Livestock Per Capita Fee Payments due May 31
The Montana Department of Revenue will mail 2018 livestock per capita fee bills this week. Payment is due by May 31. Livestock owners can pay online at ReportYourLivestock.mt.gov or by … Livestock Per Capita Fee Payments due May 31
PTAP and MDV Determination Letters
The department’s Property Assessment Division has begun to review Property Tax Assistance Program (PTAP) and Montana Disabled Veteran (MDV) applications to determine qualification for property tax reduction in tax year ... PTAP and MDV Determination Letters
NOL Carryback Elections for Individuals on Schedule VIII
Individuals can make Net Operating Loss (NOL) carryback elections for Montana tax purposes on Form 2, Schedule VIII - Reporting of Special Transactions for the 2017 tax year. Carryback Election ... NOL Carryback Elections for Individuals on Schedule VIII
Late Payment Penalty Calculations and Waivers
When Does The Penalty Apply? The late payment penalty applies when a taxpayer fails to pay the tax by the due date. For tax year 2017, the due date is ... Late Payment Penalty Calculations and Waivers
