Pass-through Entity Delinquency Letters

The department recently mailed delinquency letters to S corporations and partnerships. Taxpayers who do not respond to these notices may be subject to tax estimation. We send delinquency notices to entities that previously filed a tax return or have an open account. We automatically set up tax accounts for businesses that register with the Secretary […]

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March 1 Deadline Reminder for Property Owners

We would like to remind owners of real and personal property about several important deadlines approaching soon: March 1 Business and industrial equipment owners need to report their personal property online with the department’s TransAction Portal (TAP). Businesses have a statutory reporting requirement if their total statewide aggregate market value of equipment is over $100,000. […]

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Guard Against Identity Theft

Identity theft places a burden on its victims and presents a challenge to businesses, organizations and government agencies, including the Montana Department of Revenue. The department takes precautions to guard against tax-related identify theft, including working closely with the IRS, representatives of the software industry, tax preparation firms, payroll and tax financial product processors and […]

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Filing for a Waiver from Pass-through Entity Withholding (Form PT-AGR)

If you prepare Montana returns for pass-through entities, be aware that they are subject to certain withholding requirements. The entity may qualify for a waiver from the withholding requirements for certain owners if the owner files Pass-Through Entity Owner Tax Agreement (Form PT-AGR). An owner may file Form PT-AGR if they are a: Nonresident individual, […]

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Commercial Property Income and Expense Reporting

New this year! Commercial property owners will need to report their income and expense data online with ePass Montana by April 15. Electronic reporting is more efficient and accurate. The department mailed letters to commercial property owners this week requesting they report their rental income and expense information associated with the operation of each of […]

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Deadlines for the Reciprocity Exemption from Withholding (Form MT-R)

North Dakota residents currently working in Montana can claim an exemption from Montana withholding under the Montana-North Dakota Reciprocity Agreement. Individuals who have been working in Montana who want to continue to be exempt from withholding for 2018 must: Complete the Reciprocity Exemption from Withholding (Form MT-R) Make a copy for their records Submit the […]

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Interest Rates in Effect in 2018

The interest rate applied to individual taxpayers, estates, trusts, and pass-through entities changed for the calendar year beginning January 1, 2018. The interest rate for all other taxpayers remains the same. The rate in effect in 2018 for individuals, estates, trusts, and pass-through entities is 4%. This rate applies to: Unpaid taxes when due, including […]

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2018 Montana Elderly Homeowner/Renter Credit

Montana allows qualifying individuals a credit for a portion of their property taxes or rent paid. This refundable credit of up to $1,000 can be claimed against state income tax liability or as a direct refund if the person is not required to file a Montana state income tax return. Only one claim per household […]

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