Administrative Rules of Montana
Department 42 - REVENUE
Chapter 42.5 - FILING AND REMITTANCE
Subchapter 42.5.2 - Electronic Funds
Rule 42.5.201 - ELECTRONIC PAYMENT

Universal Citation: MT Admin Rules 42.5.201

Current through Register Vol. 6, March 22, 2024

(1) The department's ability to accept electronic payments is evolving. Taxpayers should check the department's web site at www.revenue.mt.gov [File Link Not Available] to determine which types of electronic payments the department will accept and the electronic submission options available.

(2) A taxpayer with a tax liability of $500,000 or greater must make payment to the department by electronic funds transfer. If a check, draft, or similar paper instrument is received in the amount of $500,000 or greater, it shall constitute nonpayment and be returned to the taxpayer. Applicable late payment penalties and interest shall be applied until such time as the payment is remitted by electronic funds transfer, as required by 15-1-802, MCA.

(3) If the department does not receive the funds submitted via an electronic funds transfer by the payment submission due date, the department shall assess any applicable penalties and interest as required by 15-1-216, MCA.

(4) The following information must be included with any electronic payment:

(a) name and tax identification number of the taxpayer;

(b) type of tax or taxes being paid;

(c) amount of each type of tax being paid; and

(d) any additional information necessary to process the type of electronic payment being made and to identify the taxpayer and account to which the payment is to be applied.

(5) In cases of an emergency, a taxpayer that would be required to transmit funds electronically may apply for an exception as provided in ARM 42.5.213.

15-1-803, MCA; IMP, 15-1-216, 15-1-231, 15-1-801, 15-1-802, 15-1-803, 15-30-2510, 30-18-117, 32-6-103, MCA;

Disclaimer: These regulations may not be the most recent version. Montana may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.
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