Amd Worksheet - Montana Individual Income Tax Amended Return Reconciliation Worksheet Page 3

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due date of the original tax return until the tax is
Interest and Late Payment Penalty
paid. See the Interest and Late Payment Penalty
Interest is calculated from the original due date of the
section.
tax return being amended to the date of payment.
• a refund, we will mail a check to you at the
Effective January 1, 2007, the annual interest rate for
all unpaid individual income taxes changed from 12%
address you give us on your amended tax return.
to 8%. If you do not pay the full amount due with your
Sign Your Amended Return
amended tax return, we will send you a statement of
Be sure to sign your amended tax return. Please
account with the penalties and interest due.
provide the name and the phone number of the third
Interest is attached to overpayments of taxes at the
party designee we should contact if we have any
same rate as charged on delinquent taxes.
questions about your amended return.
Interest is not paid on a refund that results from a
Filing Your Amended Return
net operating loss carryback or carryforward or a
When filing your amended return, include copies of
credit such as Form 2EC, Elderly Homeowner/Renter
all new schedules that you are filing for the first time,
Credit.
and all schedules that you sent with the original filing,
Waiver of Late Payment Penalty
even if none of the amounts previously reported have
When you file an amended return that reflects an
changed.
increased tax liability, you may have the late payment
Your amended tax return should not be included with
penalty waived if you pay the tax and applicable
other tax returns that you are filing. For example,
interest in full. Simply mark the “Amended Return” box
if you have a loss for tax year 2011 that you are
on the tax return. By doing so, you are requesting a
carrying back to 2009, do not include the amended
waiver of the late payment penalty.
2009 return with your 2011 return.
Where to get tax forms and instructions or if you
Net Operating Losses (NOLs)
need help…
By Internet: Look on our website at revenue.
If you are amending to carry back a net operating loss
(NOL), please mark the “NOL” box in the upper left
mt.gov under Forms & Resources.
hand corner of Form 2. On the 2006 Form 2, this box
By Phone:
(866) 859-2254 (Toll Free)
is located on page 3 of the return.
444-6900 (Helena Area)
You will need to include Form NOL, Montana Net
(406) 444-2830 (TDD)
Operating Loss, with your amended tax return. Failure
to include the form will delay the processing of your
By Mail:
Montana Department of Revenue
amended return.
PO Box 5805
Helena, MT 59604-5805
Statute of Limitations
If you determine that your Montana tax return was
incorrect but the changes do not result in a change to
your federal taxable income, you have five years from
the original due date of the Montana tax return to file
an amended return.
If the amended tax return involves a change to
your federal taxable income, you will need to file an
amended Montana tax return within 90 days, whether
you voluntarily changed your federal taxable income
or if you received notification of the change to your
federal taxable income by the Internal Revenue
Service. If you do not notify us within 90 days of the
change to your federal taxable income, we have five
years from the date that the changes to your federal
tax return become final to adjust your Montana tax
return to reflect these same changes.

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