(1) The department's ability to accept
electronic payments is constantly evolving. Taxpayers should check the
department's website at www.discoveringmontana.com/revenue to determine which
types of electronic payments the department will accept.
(2) A taxpayer with a tax liability of $500,000 or
greater must make payment electronically:
(a) if by electronic funds transfer, to the
Montana state treasurer; and
(b) if by other method accepted by the department,
to the department.
(3) The tax return or report must be filed and the
electronic payment initiated by the tax due date or the appropriate late filing
and late payment penalties, and interest will be applied. If an electronic
payment is initiated by the due date but either the department does not receive
payment or credit, or the payment or credit is charged back, the tax liability
is not discharged, the tax is not paid, and appropriate late payment penalties
and interest will be applied.
(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) If a paper return or report is filed and
payment made electronically, the taxpayer shall place on the tax return or
report a notation, stamp, or other indication informing the department that
payment was made electronically.