Fillable Form Ext-06 - Extension Payment Worksheet - State Of Montana 2006 printable pdf download

Montana

2006 Extension Payment Worksheet

EXT-06

Rev. 12-06

Instructions are at the bottom of this sheet

15-30-144, MCA

our first name and middle initial

Last name

Your social security number

Spouse's first name and initial

Last name

Social security number

Complete lines 1 through 9 to determine your 2006 filing extension payment.

Enter 100% of your 2005 tax liability, as reported on your 2005 Form 2, line 57, or

Form 2S, line 19 .....................................................................................................................

Enter your total tax due from your 2006 Form 2, line 59, Form 2M, line 47 or Form 2EZ,

line 16. If you are not able to calculate your 2006 tax due, enter the amount from line 1

above on line 4,then go to line 5.............................................................................................

Multiply line 2 by .90 (90%) and enter the result ....................................................................

Enter the smaller of line 1 or line 3 here .....................................................................................................................

Enter the amount of your 2006 Montana income tax withheld that is reported on federal

Form W-2 or 1099 ..................................................................................................................

Enter the amount of your 2006 estimated tax payments. (Include in this amount, when

applicable, your 2005 overpayment that was credited to 2006 and any tax withheld by

your S. corporation or partnership reported to you on Montana Form PT-WH.).....................

Enter the amount of your 2006 refundable credits. (This includes your elderly

homeowner/renter credit, film employment production credit, film qualified expenditure

credit, or Insure Montana credit.)............................................................................................

Add lines 5, 6, and 7 and enter the result here. this is your total payments

and offsets ..............................................................................................................................................................

If line 8 is greater than line 4, enter zero on line 9. You do not have to make an extension payment.

If line 8 is less than line 4, subtract line 8 from line 4 and enter the result on line 9. this is the amount

that you owe on or before April 16, 2007 to receive an extension to file your tax return ..................................

If you have more than $1 on line 9, complete the Montana Individual Extension Payment Form and mail it with your payment to the

Montana Department of Revenue, PO Box 5805, Helena, MT 59604-5805.

General Instructions

How can I get an extension of time to file my Montana income

I have a valid Montana extension but did not pay my entire 2006

tax return?

income tax liability by april 16, 2007. am I subject to penalties

and interest on my payment?

You can be granted an extension of time for filing your Montana

income tax return if you meet BOTH of the following requirements:

Yes you are. First of all, it should be clear that any extension of

time to file your Montana income tax return is NOT an extension of

By April 16, 2007, you have applied to the Internal Revenue

time to pay your income tax liability. If you have a valid Montana

Service by filing federal Form 4868 for an automatic six-

extension but you have not paid your entire 2006 income tax liability

month extension to file your federal income tax return, and

by April 16, 2007, you are relieved of late file penalties but you are

You have paid 90% of your 2006 Montana income tax

not relieved of late pay penalties and interest on your outstanding

liability or 100% of your 2005 Montana income tax liability

Montana income tax liability.

through your estimated tax payments, your withholding tax,

or a combination of both your estimated and withholding tax

If you do not pay the full amount of your 2006 income tax liability

payments.

by April 16, 2007, you will be charged a late payment penalty. This

penalty is 1.5% per month or fraction of a calendar month on the

Even though you have applied for an automatic six-month federal

unpaid tax. This penalty cannot exceed 18% of your tax due.

extension, this does not guarantee that you have a Montana

extension unless you have met one of the requirements listed in

If you do not pay your tax liability by April 16, 2007, you will be

number 2 above on or before April 16, 2007. If you do not meet

charged interest at a rate of 8% per year accruing daily beginning

one of the requirements in number 2 above you do not have a

on the due date of your return and continuing until your tax is paid.

valid Montana extension.

How can I make an extension payment?

In order to further complete your Montana extension, you have

to check the extension indicator box on the bottom right hand

You will need to complete this form to determine the amount of your

corner of Montana Form 2 or 2M or 2EZ and attach a copy of your

extension payment. Attach your payment to the payment form and

federal Form 4868 “Application for Automatic Extension of Time to

mail by April 16, 2007.

File U.S. Individual Income Tax Return” to your Montana income

tax return. Do not send us a copy of your federal Form 4868 prior

If you are a fiscal year taxpayer, your payment is due on or before

the 15

day of the fourth month after the close of your tax year.

to filing your Montana income tax return.

When you file your Montana income tax return electronically, you represent that you have retained all documents

required as a tax record and that you will provide a copy to the department upon request.

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Form Ext-06 - Extension Payment Worksheet - State Of Montana 2006

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