Instructions for Form CIT Montana Corporate Income Tax Return 2018

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Form CIT 2018
Page 1
This booklet is designed to address the laws for
January 1, 2020 and each year thereafter, the interest rate
will change and accrue at 3 percentage points above the
the majority of tax filing situations. If you have
prime rate published by the federal reserve system for the
a unique situation that is not addressed in the
third quarter of the preceding year. See 15-1-216, MCA.
booklet, please refer to Title 15 of Montana law
found at mt.gov or call us with your questions.
Getting Started
What’s New?
You can help us save time and money by following
these instructions.
Finnigan Rule for multistate taxpayers.
● Always put entries on the lines, not to the side, above
For taxable periods beginning on or after January 1,
or below the lines.
2018, Administrative Rule of Montana (ARM) 42.26.260
● Use black or blue ink.
adopts the Finnigan rule. When calculating the Montana
● Do not staple or tape anything to the tax return,
apportionment numerators, a group of corporations
correspondence, documents, voucher or check.
engaged in a unitary business shall include Montana
● For negative numbers, use a negative sign. Do not use
property, payroll and receipts from all members of the
parentheses ( ) for negative numbers. For example,
unitary group as long as one or more members has nexus
write -8300, not (8300).
with Montana.
● Do not submit photocopies (supporting documents can
Market sourcing of revenues by
be photocopied).
multistate taxpayers.
● Sign the return.
For taxable periods beginning on or after January 1, 2018,
Also, please organize the return information in the following
Section 15-31-311, Montana Code Annotated (MCA),
order (although some items may not apply to every return):
requires taxpayers to assign receipts, other than receipts
1. check and voucher
from the sale of tangible personal property, based on
2. correspondence
the taxpayer’s market rather than costs of performance.
3. tax return
See page 9.
4. schedules
Montana net operating loss deduction.
5. other supporting documents.
For net operating losses (NOL) incurred for taxable periods
beginning on or after January 1, 2018, Section 15-31-119,
General Information
MCA, requires the loss to be a carryback for three taxable
periods and a carryforward for ten taxable periods. An NOL
Who has to file a Corporate Income Tax Return?
carryback for losses incurred for taxable periods beginning
Every corporation engaged in business in the state
on or after January 1, 2018, cannot exceed $500,000
of Montana—unless expressly exempted under
per period. If a combined return is being filed, the total
15-31-102(1), MCA—has to file an annual Montana
NOL carryback for all entities cannot exceed $500,000
Corporate Income Tax Return. The term “corporation”
per period. Schedule NOL is now required to claim an
includes associations, joint stock companies, limited liability
NOL deduction.
companies that are taxed as C corporations for federal
income tax purposes, and common law trusts and business
Schedule NOL.
trusts that do business in an organized capacity, whether
To claim an NOL carryback or carryforward deduction
or not under and pursuant to state laws, agreements or
for tax periods beginning on or after January 1, 2018,
declarations of trust. Please see 15-31-101, MCA. An S
Schedule NOL must be filed with the return. If an amended
corporation has to file an S Corporation Information and
return is being filed to claim an NOL deduction, Schedule
Composite Tax Return, CLT-4S.
NOL must be attached. See instructions for Schedule NOL
Corporations have to pay a tax of 6.75% on their total
on page 13.
Montana net income. Corporations with a valid water’s edge
Apportionment rules for multistate
election have to pay a tax of 7% on their total Montana
financial institutions.
net income. If the corporation has sustained a net loss,
it needs to file a Montana Corporate Income Tax Return.
For tax periods beginning on or after January 1, 2018,
The minimum tax that a corporation has to pay is $50.
multistate financial institutions doing business in Montana
For a combined tax return, the minimum tax applies to
are required to apportionment income to Montana
each corporation with Montana activity. Please see 15-31-
using industry specific apportionment rules. Please see
121, MCA.
ARM 42.26.1301 through 42.26.1303.
When does a corporation need to file?
Interest Rate Change
The due date for calendar-year taxpayers is May 15.
Beginning July 1, 2019, the interest rate is 3% points
The due date for fiscal-year taxpayers is the fifteenth
above Federal Reserve rate for the 3rd quarter of 2018,
day of the fifth month after the close of the taxable year.
calculated daily, through December 31, 2019. Beginning
Form CIT 2018
Page 1
This booklet is designed to address the laws for
January 1, 2020 and each year thereafter, the interest rate
will change and accrue at 3 percentage points above the
the majority of tax filing situations. If you have
prime rate published by the federal reserve system for the
a unique situation that is not addressed in the
third quarter of the preceding year. See 15-1-216, MCA.
booklet, please refer to Title 15 of Montana law
found at mt.gov or call us with your questions.
Getting Started
What’s New?
You can help us save time and money by following
these instructions.
Finnigan Rule for multistate taxpayers.
● Always put entries on the lines, not to the side, above
For taxable periods beginning on or after January 1,
or below the lines.
2018, Administrative Rule of Montana (ARM) 42.26.260
● Use black or blue ink.
adopts the Finnigan rule. When calculating the Montana
● Do not staple or tape anything to the tax return,
apportionment numerators, a group of corporations
correspondence, documents, voucher or check.
engaged in a unitary business shall include Montana
● For negative numbers, use a negative sign. Do not use
property, payroll and receipts from all members of the
parentheses ( ) for negative numbers. For example,
unitary group as long as one or more members has nexus
write -8300, not (8300).
with Montana.
● Do not submit photocopies (supporting documents can
Market sourcing of revenues by
be photocopied).
multistate taxpayers.
● Sign the return.
For taxable periods beginning on or after January 1, 2018,
Also, please organize the return information in the following
Section 15-31-311, Montana Code Annotated (MCA),
order (although some items may not apply to every return):
requires taxpayers to assign receipts, other than receipts
1. check and voucher
from the sale of tangible personal property, based on
2. correspondence
the taxpayer’s market rather than costs of performance.
3. tax return
See page 9.
4. schedules
Montana net operating loss deduction.
5. other supporting documents.
For net operating losses (NOL) incurred for taxable periods
beginning on or after January 1, 2018, Section 15-31-119,
General Information
MCA, requires the loss to be a carryback for three taxable
periods and a carryforward for ten taxable periods. An NOL
Who has to file a Corporate Income Tax Return?
carryback for losses incurred for taxable periods beginning
Every corporation engaged in business in the state
on or after January 1, 2018, cannot exceed $500,000
of Montana—unless expressly exempted under
per period. If a combined return is being filed, the total
15-31-102(1), MCA—has to file an annual Montana
NOL carryback for all entities cannot exceed $500,000
Corporate Income Tax Return. The term “corporation”
per period. Schedule NOL is now required to claim an
includes associations, joint stock companies, limited liability
NOL deduction.
companies that are taxed as C corporations for federal
income tax purposes, and common law trusts and business
Schedule NOL.
trusts that do business in an organized capacity, whether
To claim an NOL carryback or carryforward deduction
or not under and pursuant to state laws, agreements or
for tax periods beginning on or after January 1, 2018,
declarations of trust. Please see 15-31-101, MCA. An S
Schedule NOL must be filed with the return. If an amended
corporation has to file an S Corporation Information and
return is being filed to claim an NOL deduction, Schedule
Composite Tax Return, CLT-4S.
NOL must be attached. See instructions for Schedule NOL
Corporations have to pay a tax of 6.75% on their total
on page 13.
Montana net income. Corporations with a valid water’s edge
Apportionment rules for multistate
election have to pay a tax of 7% on their total Montana
financial institutions.
net income. If the corporation has sustained a net loss,
it needs to file a Montana Corporate Income Tax Return.
For tax periods beginning on or after January 1, 2018,
The minimum tax that a corporation has to pay is $50.
multistate financial institutions doing business in Montana
For a combined tax return, the minimum tax applies to
are required to apportionment income to Montana
each corporation with Montana activity. Please see 15-31-
using industry specific apportionment rules. Please see
121, MCA.
ARM 42.26.1301 through 42.26.1303.
When does a corporation need to file?
Interest Rate Change
The due date for calendar-year taxpayers is May 15.
Beginning July 1, 2019, the interest rate is 3% points
The due date for fiscal-year taxpayers is the fifteenth
above Federal Reserve rate for the 3rd quarter of 2018,
day of the fifth month after the close of the taxable year.
calculated daily, through December 31, 2019. Beginning
Page 2
Form CIT 2018
Interest accrues on any tax liability that has not been paid
Montana Corporate Income Tax purposes. See 15-31-
by the original due date of the tax return.
112, MCA. If the corporation has a fiscal year, enter
the beginning and ending dates of the fiscal year. For
Corporations receive an automatic extension of up to six
fiscal filers:
months following the prescribed filing date. No application
is required for this extension. Please see 15-31-111(3)(a),
Tax Year Beginning in:
Use tax form:
MCA. Note that the automatic six-month extension to file is
2016
2016 CIT
not an extension to pay.
2017
2017 CIT
If a corporation has no activity in Montana during a tax
2018
2018 CIT
period, it is still required to file either a return showing they
had no activity or Form INA-CT, Affidavit of Inactivity, for
Name and Address
that period. If the corporation chooses to file Form CIT to
Enter the corporation’s name and mailing address in the
report that they had no activity, the return must bear the
space provided.
name and address of the corporation, the signature of an
officer, contact information and a written statement on the
Federal Employer Identification Number (FEIN)
face of the return or attached to the return stating that the
Montana uses the FEIN for identification purposes.
corporation was not engaged in business in Montana during
Enter the FEIN from page 1 of the federal Form 1120, or
the period. Alternatively, Form INA-CT can be found on our
applicable form.
website at revenue.mt.gov. Please refer to ARM 42.23.312
for more information.
Federal Business Code/NAICS
Did you know that a tax preparer can
Enter the corporation’s Principal Business Activity Code
electronically file a Montana Form CIT?
number from page 3 of the federal Form 1120 or applicable
form. The Business Activity Code is based on the North
Montana participates in the joint federal/state electronic
American Industry Classification System (NAICS). For more
filing program. Please visit revenue.mt.gov for more details
information, visit naics.com.
and a list of approved software vendors. Tax professionals
who are authorized e-file providers can file federal and state
Date Qualified in Montana
tax returns at the same time or separately.
Enter the date the Secretary of State qualified the
How should a corporation file?
corporation to do business in Montana. If the corporation
was formed in Montana, enter the date of incorporation.
A corporation may file electronically or by submitting returns
To find this date, visit the Secretary of State’s website at
to the department. If you file electronically, you do not need
sos.mt.gov and search for the business’ name under the
to send in the Form CIT unless we request a copy. When
Business Services section. You can also obtain a certificate
you file electronically, you represent that you will retain the
of authority from the Secretary of State.
documents required to substantiate the corporation’s tax
returns and you will provide them upon the department’s
MT Secretary of State ID
request. Montana law requires the corporation’s
Enter the corporation’s Montana Secretary of State
president, vice-president, treasurer, assistant treasurer
identification number. This number is referred to as
or chief accounting officer to sign the return. Please see
the Certified File Number or Filing Number on all
15-31-111(1), MCA. The act of submitting an electronic
correspondence issued by the Secretary of State’s office
return constitutes the officer’s signature and is a declaration
and begins with a letter followed by six to eight digits. It
that he or she is the officer identified in the return as signing
was originally provided with the certificate of authority
the return.
to do business in Montana or when the corporation was
If you choose not to file electronically, mail the tax return to:
incorporated in Montana. Enter the letter, followed by
Montana Department of Revenue
the next six to eight digits of the number. For example, if
PO Box 8021
your Certified File Number is D-123456, enter D123456
Helena, MT 59604-8021
in the spaces provided. Leave any extra boxes blank. A
company’s Secretary of State identification number can also
Did you know that you can sign up to access your
be found on the Secretary of State’s website at sos.mt.gov
Montana tax account online?
by searching for the business’ name under the Business
Go to revenue.mt.gov and check out the TransAction Portal
Search section.
(TAP) website to register for access to your account. After
Part I. Filing Method
you register for account access, you can make payments,
update your account information, view prior year filed
All corporations must complete Part 1 as directed below. If
returns and payments made, and grant access to others
you mark “Yes” to lines 2 or 3, you have to complete lines 4
(such as your tax practitioner).
and 5 of this part.
Tax Year
Line 1
The same tax year used for federal income tax purposes
Mark this box if the corporation is protected under
(as indicated on the federal return) must be used for
the provisions of Public Law 86-272, and enter the
Form CIT 2018
Page 3
number of companies that are claiming protection under
to business operations within Montana from the total
Public Law 86-272. Please refer to Administrative Rules
income and expenses of the corporation. You will
of Montana 42.26.501 for guidance about whether a
also have to include a detailed description of the
corporation’s activities in Montana are protected under
corporation’s Montana activity.
the provisions of Public Law 86-272. If the corporation’s
c. Worldwide Combination – Mark this filing method
activities are protected, you still need to complete and
if the corporation has a unitary relationship with its
include a Schedule K. If you mark this box, and you are
domestic and foreign subsidiaries. You will need to
filing an amended return, skip Part II; otherwise, skip to
include federal Form 5471 for each controlled foreign
Part III.
corporation or a detailed schedule of the corporation’s
foreign income.
Line 2
d. Domestic Combination – Mark this filing method if the
Mark the “Yes” box if the corporation is a member of a
corporation has a unitary relationship with its domestic
consolidated group for federal purposes, either as a parent
subsidiaries and does not have greater than 50%
or a subsidiary. Mark the “No” box if this does not apply.
ownership of a foreign subsidiary.
Line 3
e. Limited Combination – Mark this filing method
if the corporation has excluded one or more of its
Mark the “Yes” box if the corporation is filing a combined
subsidiaries from its combined unitary group. List
return for Montana purposes (see explanation below). Mark
the excluded subsidiaries (foreign and domestic) on
the “No” box if this does not apply.
Schedule M. Additionally, attach a statement explaining
If a corporation engages in a unitary business, it has to
why the subsidiaries are being excluded from the
file a combined return that apportions all apportionable
combined unitary group.
income from such trade or business. The corporation
f.
Water’s Edge – Mark this filing method only if the
must include in its combined return all unitary affiliates
corporation has made a valid water’s edge election with
that the corporation directly or indirectly owns more than
the state of Montana. Multinational, unitary corporations
50% of, and/or include a unitary affiliate that owns more
that wish to file under the water’s edge method must
than 50% of the corporation. A business is unitary when
make an election by filing Form WE-ELECT within the
the operations of that business within the state depend
first 90 days of the tax period for which the election is
on or contribute to the operations of that business outside
to become effective. This election has to be approved
the state or if the units of the business within and outside
by the department and is binding for three consecutive
of the state are closely allied and not capable of separate
taxable periods. See 15-31-324, MCA. To extend the
maintenance as independent businesses. See 15-31-301
election for another three-year period, you have to
through 15-31-311, MCA. Corporations filing combined
file a new Form WE-ELECT within the first 90 days of
Montana returns have to complete and include Schedule K
the tax period for which the subsequent election is to
(see instructions in this booklet). In addition, if more than
become effective.
one corporation has Montana activity, you have to complete
and include Schedule K-Combined (see instructions in this
A corporation that makes a valid water’s edge
booklet) in support of the Schedule K.
election has to include in their water’s edge group
all subsidiaries incorporated in tax havens. See
Line 4
15-31-322(1)(f), MCA, for a list of these countries.
If you answered “Yes” to questions 2 or 3 of this part,
Corporations filing under a valid water’s edge election
mark the box that indicates the applicable filing method,
must submit Schedule WE (see instructions in this
and complete and include a Montana Schedule M. The
booklet) with their Montana Form CIT.
corporation has to qualify in order to file under methods
See ARM 42.26.301-313 for more information on the
other than a combined method. The same filing method
water’s edge filing method.
should be used from year to year.
a. Separate Company – Mark this filing method if the
Line 5
corporation is a part of a federal consolidated group
If you answered “Yes” to questions 2 or 3 of this part, enter
but is filing a separate, proforma tax return for Montana
the name and FEIN of the corporation’s ultimate parent
purposes (non-unitary with any of the other members
corporation and include pages 1 through 5 of the parent’s
of the federal consolidated group). Note: If you include
consolidated federal Form 1120.
a proforma federal Form 1120 with the corporation’s
Montana tax return, you also have to include a signed
Part II. Amended Tax Return
copy of the consolidated federal Form 1120 of the
Use this form to amend an original tax return. You can also
ultimate parent corporation.
file an amended return electronically. Indicate at the top of
b. Separate Accounting – Mark this filing method if the
the form that it is an amended return and mark the box(es)
corporation’s business operations in Montana are not
that indicates the reason(s) for the amendment. Please
unitary with the corporation’s business operations
include the applicable forms and statements that explain all
outside of Montana. You must be able to separate the
adjustments in detail. Complete the entire form using the
corporation’s income and expenses that are attributed
Page 4
Form CIT 2018
Montana Taxable Income and Net
amended amounts. If an amended return is being filed to
claim an NOL deduction, Schedule NOL must be attached.
Amount Due
● Interest is not paid on a refund resulting from a
Line 1 – Taxable Income
net operating loss carry-back or carry-forward.
See 15-31-119(9), MCA.
Enter on line 1 the taxable income reported on line 28
● Interest is computed on overpayments of tax or
of your federal Form 1120. Include with the Form CIT
additional tax due at the same rate charged on
a complete copy of the signed Form 1120 filed with the
delinquent taxes. See 15-31-531(2), MCA.
Internal Revenue Service. If the Form 1120 is voluminous,
please include pages 1 through 5, the schedules used to
● Statute of Limitations on Refunds. Generally, you have
compute the income and deductions, and the schedules
to make a claim for refund or credit for the tax year
supporting the following federal line items, if applicable:
by filing an amended return within three years of the
original due date of the return. See 15-31-509(2) and
● Line 2 – Cost of Goods Sold and/or Operations
(3), MCA.
● Line 8 – Net Capital Gains (Schedule D)
● If you file an amended return that reflects an increased
● Line 9 – Ordinary Gains (Loss) (Form 4797)
tax liability, you may meet the conditions for a waiver
● Line 10 – Other Income
of the late payment penalty. We may waive the late
● Line 17 – Taxes
payment penalty if you marked the “Amended Return”
● Line 19 – Charitable Contributions
box on page 1 of Form CIT and the tax and applicable
interest are paid in full. By marking this box, you are
● Line 26 – Other Deductions
requesting a waiver of the late payment penalty. Please
● Form 8873 – Extraterritorial Income Exclusion
see ARM 42.3.115.
● Schedule M-3 – Net Income (Loss) Reconciliation for
Corporations with Total Assets of $10 Million or More
Part III. General Questions (A-P)
● Schedule N – Foreign Operations of U.S. Corporations
You will need to answer all of the questions by marking
● Form 5471 – Information Return of U.S. Persons With
the appropriate boxes. If you answer “Yes” to any of
Respect to Certain Foreign Corporations
the questions in i-o, you have to complete and include
● Form 8858 – Information Return of U.S. Persons With
Schedule M.
Respect to Foreign Disregarded Entities
Instructions for Question p: Rules for assignment of
Line 2 – Montana Additions
receipts based on the taxpayer’s market are provided for
in ARM 42.26.245 through 42.26.250. The administrative
a. The Montana corporate income tax and other
rules provide various assignment methods that apply
state, local and foreign income taxes deducted on
sequentially in a hierarchy. For each receipt to which an
the federal return have to be added back to the
assignment method applies, the taxpayer must make a
corporation’s income on this line. Please include
reasonable effort to apply the primary method first before
a breakdown of federal Form 1120, line 17 taxes.
seeking to apply the next method. For example, in some
See 15-31-114(1)(e), MCA.
cases, the applicable method first requires a taxpayer to
b. Federal tax-exempt interest is taxable for Montana
determine the state or states of assignment, and if the
purposes and has to be added to the corporation’s
taxpayer cannot do so, the method requires the taxpayer to
income on this line. See 15-31-113(1)(a)(i), MCA.
reasonably approximate the state or states. In these cases,
c. If a qualified endowment credit is claimed, the amount
the taxpayer must attempt to apply the primary method
of contribution used to compute the corporation’s
to determine the state or states of assignment in good
credit has to be added to income on this line.
faith and with reasonable effort before it may reasonably
See 15-31-161, MCA.
approximate the state or states of assignment. Please see
d. Corporations that have a unitary relationship with an
ARM 42.26.245 through 42.26.250.
international group are required to make a worldwide
Part IV. Reporting of
combined filing. Enter any income or loss from the
corporation’s foreign parent, if applicable, and from all
Special Transactions
foreign subsidiaries included in the worldwide combined
You will need to answer all of the questions by marking the
group on this line. Include supporting schedules or
appropriate box. If you answer “Yes” to any question, you
federal Forms 5471 and 8858.
must include a copy of the applicable form.
e. Unitary filers need to enter the income or loss from
Please note: If any questions in parts I through IV are not
unitary subsidiary corporations that are not included
answered or the return is not signed, we may return it to
in their federal consolidated group. For example,
you to be completed.
subsidiary corporations in which members of the
collective unitary group own more than 50% of that
corporation need to be included on this line. Include
a copy of the federal Form 1120, or applicable
Form CIT 2018
Page 5
form, and supporting schedules for each separately
c. You may deduct an additional 10% of the corporation’s
filed corporation.
costs for the purchase of recycled material on this line,
as computed on Form RCYL. Include a copy of Form
f.
For water’s edge filers only—enter the amount from
RCYL. See 15-32-610, MCA.
line 10 of Schedule WE. Schedule WE is on page 15 of
Form CIT.
d. Multi-state corporations need to enter the income
or loss of all their non-unitary corporations that are
g. For water’s edge filers only—enter any income or
included in the federal consolidated group on this line.
loss of unitary corporations incorporated in a tax
Include a statement or schedule of the non-unitary
haven country on this line. Include a supporting
corporations and explain in detail why you consider the
schedule or federal Forms 5471 and 8858.
corporations to be non-unitary.
See 15-31-322(1)(f), MCA.
e. For water’s edge filers only - enter on this line the total
h. The federal capital loss carryover is not allowed as a
of federal line 28 income or loss of all 80/20 companies
deduction for Montana corporate income tax purposes.
and include a supporting schedule.
Any amount of federal capital loss carryover that was
f.
used on the corporation’s federal tax return has to
A capital loss has to be deducted in the year incurred.
be added back on this line. Please include federal
Enter the amount of capital loss incurred during the
Schedule D. See 15-31-114(1), MCA.
tax period that has not already been deducted on
the corporation’s federal tax return. Include federal
i.
Include with Form CIT a detailed breakdown of any
Schedule D. See 15-31-114(1)(b), MCA.
other additions to income and report it on this line.
g. Report on this line any other allowable deductions and
Example of an addition:
include a detailed schedule.
○ Extraterritorial Income Exclusion – The federal
Examples of other reductions:
extraterritorial income exclusion is not allowed
for Montana tax purposes. Consequently, the
○ The amount of contributions made by a small
corporation’s federal deduction for extraterritorial
business to its independent liability fund.
income has to be added back on this line. Please
See 33-27-117(1), MCA.
include federal Form 8873, Extraterritorial Income
○ A portion of an investment made in a building for the
Exclusion and federal Schedule N, Foreign
purpose of conserving energy. To qualify, the building
Operations of U.S. Corporations.
has to be used in the corporation’s business and the
result of the investment has to show a substantial
Line 3 – Montana Reductions
reduction in the amount of energy needed to render
a. Montana allows a deduction for Section 243 dividends
the building usable. See 15-32-103, MCA.
at the same percentage as the federal deduction.
○ Documented expenses for the donation of mineral
This deduction should be reported on this line. For
exploration information to the Montana Tech
water’s edge filers only—dividends received from 80/20
Foundation. See 15-32-510, MCA.
companies are allowed at 80%. See 15-31-325, MCA.
Line 4 – Adjusted Taxable Income
b. Nonapportionable Income (for multi-state taxpayers
only) – Nonapportionable income means all income
Add lines 1 and 2, then subtract line 3; enter the total on
that is apportionable under the constitution of the
this line. See ARM 42.26.301-313 for more information on
United States and is not allocated under the laws of
the water’s edge filing method.
this state, including: income arising from transactions
Line 5 – Income Apportioned to Montana
and activity in the regular course of the taxpayer’s
trade or business; and income arising from tangible
Multi-state taxpayers should multiply the amount reported
and intangible property if the acquisition, management,
on line 4 by the apportionment percentage from Schedule
employment, development, or disposition of the
K, line 5. Enter the result on this line. For combined filers
property is or was related to the operation of the
with more than one company with Montana activity, enter
taxpayer’s trade or business and any income that
the total of line (6c) from Schedule K-Combined on page 12
would be allocable to this state under the constitution
of Form CIT.
of the United States but that is apportioned rather
Line 6 – Income Allocated Directly to Montana
than allocated pursuant to the laws of this state. See
Multi-state taxpayers should report on this line any
15-31-302, MCA. Gains or losses from the sale of
capital or business assets, dividends, interest, rents, or
income that is allocable to Montana. Include a detailed
royalties are apportionable income unless they can be
description and applicable supporting schedule(s). If a
partnership passed this amount of Montana income or
clearly classified as nonapportionable income. Include
loss to the corporation, please provide the name and FEIN
a statement or schedule that describes each type of
nonapportionable income and that explains in detail
of each partnership and your Montana Schedule(s) K-1.
For combined filers with more than one company with
why you consider that income to be nonapportionable.
Montana activity, enter the total of line (6e) from Schedule
Report all nonapportionable income on this line.
See ARM 42.26.206 through 42.26.208.
K-Combined page 12 of Form CIT.

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