MT Dept of Revenue Announcements for Income Tax Filing, Business Property & Livestock Reporting
Montana Department of Revenue has rolled out their new website and announced several cost saving measures that could impact the way you have traditionally completed your filings.
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*2018 Income Tax Filing Options*
No Printed Booklets
To save taxpayer dollars and administer tax law within state budget constraints, the Montana Department of Revenue no longer prints and distributes income tax booklets.
E-Filing Options
We encourage Montana income taxpayers to file electronically. People can visit revenue.mt.gov to find free e-filing options. New this year, Montana has joined the Free File Alliance, a coordinated effort by the IRS, state tax departments like the Montana Department of Revenue, and software vendors to offer free electronic filing options. This free electronic filing alternative replaces e-filing through the TransAction Portal (TAP) offered in previous years.
Download forms through MyRevenue
For taxpayers who prefer filing on paper, The department created a new website application called MyRevenue to help users easily find forms to download and print. MyRevenue provides a guided search, keyword search and a directory of all revenue forms and instructions. Users can access MyRevenue from the department's homepage at revenue.mt.gov.
For more information, visit revenue.mt.gov, call (406) 444-6900 or email DORCustomerAssistance@mt.gov.
Paying Personal Property Tax
The elected county treasurer in each county bills and collects personal property tax. The Department of Revenue does not bill or collect personal property tax.
*Livestock Reporting Deadline March 1*
The Montana Department of Revenue will be mailing 2018 livestock reporting forms January 8, 2018, to livestock owners who need to meet upcoming reporting and payment deadlines.
About 18,500 livestock owners who reported last year will receive reporting forms. All livestock owners need to report by March 1, 2018, any livestock they own as of February 1. Livestock owners can file online at ReportYourLivestock.mt.gov or submit the hardcopy form.
"The department wants to make it more convenient for livestock owners to report their livestock and pay their fees," said Director Mike Kadas, Montana Department of Revenue. "The online system is efficient and secure, which makes it easier for livestock owners to do business in Montana."
Livestock owners who have not reported in the past need to report online or fill out a reporting form available from revenue.mt.gov or their local Department of Revenue office.
Livestock per capita fees are due May 31. Livestock owners who do not pay their per capita fees when they report will receive their bill in early May.
For more information, visit ReportYourLivestock.mt.gov or call us at (406) 444-6900.
_____________________________________
*2018 Income Tax Filing Options*
No Printed Booklets
To save taxpayer dollars and administer tax law within state budget constraints, the Montana Department of Revenue no longer prints and distributes income tax booklets.
E-Filing Options
We encourage Montana income taxpayers to file electronically. People can visit revenue.mt.gov to find free e-filing options. New this year, Montana has joined the Free File Alliance, a coordinated effort by the IRS, state tax departments like the Montana Department of Revenue, and software vendors to offer free electronic filing options. This free electronic filing alternative replaces e-filing through the TransAction Portal (TAP) offered in previous years.
Download forms through MyRevenue
For taxpayers who prefer filing on paper, The department created a new website application called MyRevenue to help users easily find forms to download and print. MyRevenue provides a guided search, keyword search and a directory of all revenue forms and instructions. Users can access MyRevenue from the department's homepage at revenue.mt.gov.
For more information, visit revenue.mt.gov, call (406) 444-6900 or email DORCustomerAssistance@mt.gov.
*Personal Property (Business Equipment) Reporting*
Reporting forms will not be mailed this year and you will need to report your personal property (business equipment) online with TAP.
Personal property includes:
Reporting forms will not be mailed this year and you will need to report your personal property (business equipment) online with TAP.
Personal property includes:
- Business equipment
- Mining and manufacturing machinery
- Agricultural implements and equipment
- Furniture
- Fixtures
- All other property not included in any other property class
Detailed lists of equipment by category can be found on the Personal Property Equipment List:
Furniture, Fixtures, and Miscellaneous Equipment
Heavy Equipment
Manufacturing and Mining Equipment
Farm and Ranch Equipment
Oil and Gas Equipment
Please note: Property that has been “depreciated out” for income tax purposes is still taxable for property tax purposes.
Furniture, Fixtures, and Miscellaneous Equipment
Heavy Equipment
Manufacturing and Mining Equipment
Farm and Ranch Equipment
Oil and Gas Equipment
Please note: Property that has been “depreciated out” for income tax purposes is still taxable for property tax purposes.
Reporting
Any property you own, possess, or control at midnight on January 1 is taxable for that year. Please report your personal property in our TransAction Portal before March 1 to avoid a penalty equal to 20% of the depreciated personal property value.
One of our employees might visit your business, agricultural operation, or field site to make sure our information is accurate and answer your questions.
Any property you own, possess, or control at midnight on January 1 is taxable for that year. Please report your personal property in our TransAction Portal before March 1 to avoid a penalty equal to 20% of the depreciated personal property value.
One of our employees might visit your business, agricultural operation, or field site to make sure our information is accurate and answer your questions.
Paying Personal Property Tax
The elected county treasurer in each county bills and collects personal property tax. The Department of Revenue does not bill or collect personal property tax.
*Livestock Reporting Deadline March 1*
The Montana Department of Revenue will be mailing 2018 livestock reporting forms January 8, 2018, to livestock owners who need to meet upcoming reporting and payment deadlines.
About 18,500 livestock owners who reported last year will receive reporting forms. All livestock owners need to report by March 1, 2018, any livestock they own as of February 1. Livestock owners can file online at ReportYourLivestock.mt.gov or submit the hardcopy form.
"The department wants to make it more convenient for livestock owners to report their livestock and pay their fees," said Director Mike Kadas, Montana Department of Revenue. "The online system is efficient and secure, which makes it easier for livestock owners to do business in Montana."
Livestock owners who have not reported in the past need to report online or fill out a reporting form available from revenue.mt.gov or their local Department of Revenue office.
Livestock per capita fees are due May 31. Livestock owners who do not pay their per capita fees when they report will receive their bill in early May.
For more information, visit ReportYourLivestock.mt.gov or call us at (406) 444-6900.
