Montana DOR Announces New Pass-Through Entity Tax Return Form

The Montana Department of Revenue (DOR) Sept. 19 announced a new Form PTE, Montana Pass-Through Entity Tax Return for corporate income tax purposes. The DOR provided that: 1) beginning with 2019, partnerships and S corporations will file their return on the new Montana Pass-Through Entity Tax Return form (Form PTE); 2) the disregarded entities owned by partnerships and S corporations, including subchapter S subsidiaries, will be included on Form PTE; 3) the Montana S Corporation Information and Composite Tax Return (Form CLT-4S) and the Montana Partnership Information and Composite Tax Return (Form PR-1) are discontinued; and 4) for the tax ...