Administrative Rules of Montana
Department 42 - REVENUE
Chapter 42.23 - CORPORATION LICENSE TAX - GENERAL
Subchapter 42.23.6 - Payment of Taxes
Rule 42.23.608 - BASIS FOR NOT WAIVING THE QUARTERLY ESTIMATED TAX UNDERPAYMENT INTEREST
Universal Citation: MT Admin Rules 42.23.608
Current through Register Vol. 6, March 22, 2024
(1) A taxpayer is not immune from the quarterly estimated payment requirement if the previous year's tax liability did not equal or exceed $5,000.
(2) A taxpayer is not immune from the quarterly estimated payment requirement simply because it did not know its tax liability until the end of the year.
(3) Lack of knowledge about the estimated payment requirement is not a basis for having the underpayment interest waived.
15-31-501, MCA; IMP, 15-31-502, 5-31-510, MCA;
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