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Showing posts from February, 2018

Livestock & Personal Property (Business Equipment) Reporting Deadline

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Just a reminder that the Montana Department of Revenue deadlines for Livestock and Personal Property (Business Equipment) Reporting are March 1st.  Reporting forms for Personal Property were not mailed out this year and filing must be done online via TAP to avoid a 20% penalty on the tax due.  
We are happy to assist you with filing or with any questions you may have.

MT DOR Personal, Business & Commercial Property Reporting

The Montana Department of Revenue has mailed several notices in recent weeks related to property reporting.  Many taxpayers have found these notices confusing.  It's important to know which of these reporting types apply to you and what your requirements are in order to avoid either unnecessary reporting or penalties for failure to report.  

PERSONAL PROPERTY (BUSINESS EQUIPMENT)
If you received a letter that indicates you need to "report your personal property (business equipment)" then this is mandatory reporting and must be submitted online by March 1st to avoid a 20% penalty on the tax due.  Personal property taxes (separate from real estate property tax) are billed and collected by the country treasurer.  This tax essentially replaces sales tax on items such as business equipment, machinery, agricultural implements and equipment, furniture, fixtures and all other personal property.  

In the past, this reporting has been mailed to taxpayers including a list of equipmen…
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"A Visit to Ireland" An experience of Irish history and culture  will be presented by Jessica Malone at the  Broadus Senior Center at 1pm  on Wednesday, February 21st. All are welcome to attend.

Our Winter "Not-So-Wonderful" Land

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News from the Montana Dept of Revenue on Tax Reform Changes