Montana Department of Revenue

Draft 2018 Individual Tax Form Available

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Draft 2018 Individual Tax Form Available

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The Draft 2018 Montana Individual Income Tax Return (Form 2) (PDF, 346 KB) is now available for your review.

Please note the following changes:

Redesigned Form 2
We made changes to match the redesigned federal Form 1040.
We streamlined the Form 2 Layout to make the filing experience simpler and easier. For example, we’ve grouped related schedules and worksheets.
Eliminated Form 2EZ (Short Form)
Taxpayers who filed the short form in the past will need to file a Form 2. As part of the Form 2 redesign, most former 2EZ filers should need to complete only the first page.
Elderly Homeowner/Renter Credit
The Form 2EC is no longer available. Instead, the credit is calculated on a schedule included with the Form 2.
Individuals who qualify for the elderly homeowner/renter credit but do not have an income tax filing requirement can apply for this credit online using the TransAction Portal (TAP).
Taxpayers who do not have an income tax filing requirement but still wish to claim the elderly homeowner/renter credit using paper will need to complete pages 1 and 9 of the new Form 2.

We are committed to assisting you with any questions you may have about your filing requirements, especially regarding changes to the federal and state income tax forms.

Contact us for more information.

Download the Draft 2018 Montana Individual Income Tax Return (Form 2) (PDF, 346 KB)

Montana Corporate Income Tax Treatment of IRC Section 965(a) Income

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2017 and 2018 Montana Corporate Income Tax Return

Water’s Edge Filers

Taxpayers who file on a water’s edge basis should attach their IRC 965 Transition Tax Statement to their Montana return. Add the total amount of gross income from 965 dividends on Page 3, line 2i, of the Montana Form CIT “other additions.” Deduct 80% of the total amount of gross income from 965 dividends on Page 3, line 3g, of the Montana Form CIT “other reductions.”

If any of the 965 dividends included in “other additions” are from subsidiaries included in the Montana water’s edge filing and incorporated in tax haven countries listed in Section 15-31-322, MCA, deduct 100% of the total amount of gross income related to these entities on Page 3, line 3g, of the Montana Form CIT “other reductions.”

Worldwide Filers

Taxpayers who file on a worldwide basis should attach their IRC 965 Transition Tax Statement to their Montana return. Add the total amount of gross income from 965 dividends reported on Page 3, line 2i, of the Montana Form CIT “other additions.” Deduct 100% of the total amount of gross income from 965 dividends received from unitary subsidiaries included in the Montana worldwide filing on Page 3, line 3g, of the Montana Form CIT “other reductions.”

If any of the 965 dividends included in “other additions” are from subsidiaries that are not included in the Montana worldwide filing, no Montana deduction is allowed related to this income.

Separate Company, Domestic or Limited Combination Filers

Attach your IRC 965 Transition Tax Statement to your Montana return. Add the total amount of gross income from 965 dividends reported on Page 3, line 2i, of the Montana Form CIT “other additions.” Deduct 100% of the total amount of gross income from 965 dividends received from unitary subsidiaries included in your Montana filing on Page 3, line 3g, of the Montana Form CIT “other reductions.”

If any of the 965 dividends included in “other additions” are from subsidiaries that are not included in your Montana filing, no Montana deduction is allowed related to this income.

Department of Revenue Adds Two New Members to Leadership Team

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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 Montana Department of Revenue in early August. Helfert has been with the department for 24 years, serving most recently as the administrator of the Property Assessment Division. Previously, she was administrator of the Alcoholic Beverage Control Division for 12 years and served in various other roles within the department.

Helfert has earned two Governor’s Awards and is a 2015 graduate of Leadership Montana. She has a bachelors’ degree in Accounting from Montana State University.

Manuel Soto

Manuel Soto

Manuel Soto
Chief Information Officer

Manuel Soto is the new Chief Information Officer at the Montana Department of Revenue. Soto has more than 28 years in information technology, including 20 years in government. He has a law degree from the Cal Northern School of Law in Chico, Calif., plus degrees in Computer Science and Management Development.

Soto will manage the office responsible for technology support across the department and for improving IT services for the public.

Please join us in welcoming them to their new roles.

Department of Revenue Urges Montanans to Check for Unclaimed Cash and Property

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Thousands of Montanans have assets waiting in trust.

HELENA – Every year in Montana, millions of dollars and other personal assets go unclaimed. And every year, the Montana Department of Revenue encourages individuals and businesses to check whether some of that might be theirs.

The unclaimed property can come from a variety of sources such as forgotten bank accounts, uncashed checks and money orders, insurance policy payments and unused gift certificates, as well as stocks, bonds and the contents from safe deposit boxes. By law, the Montana Department of Revenue holds unclaimed property in trust indefinitely for owners to claim.

Montanans can check their local newspapers over the next few months for ads and inserts from the department listing the owners of property that’s been reported as unclaimed during the last year.

Anyone can also check online for property that may be theirs, regardless of how long ago it was originally reported as unclaimed. Go to tap.dor.mt.gov and click on the “Search for Unclaimed Cash” link to look up names. Follow the on-screen instructions to create and submit a claim.

“This unclaimed property belongs to thousands of individuals across Montana and the country, and the department is committed to returning these assets to their rightful owners,” said Gene Walborn, director of the Montana Department of Revenue. “All Montanans should check their local paper or go online and look for their names, as well as those of their loved ones and recently deceased family members. You never know what you’ll find.”

The department reminds Montanans that while some businesses may offer to help people find their property – for a fee – those commercial services are not necessary. Montanans and others do not have to pay to reclaim their own property, and can submit their claim online in just a few minutes.

For help with a claim or for more information, visit tap.dor.mt.gov, call the department at (406) 444-6900 or email UnclaimedProperty@mt.gov.

State of Montana will be performing routine maintenance on our Online Services on Saturday, December 15 and Sunday, December 16, 2018. See details for effected services and times.
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