Fillable Montana Form We-Elect - Water'S Edge Election (Page 4 of 4) in pdf

of greater than 50%. Please include entities that are owned by

Instructions

your corporation and entities that are owned by each member

Part I. Entity Information

of your affiliated group. Also, indicate whether the corporation is

included in the water’s edge group. Provide a separate sheet if

Enter the name, address and FEIN of the business under which

you file or will be filing tax returns in Montana.

necessary.

Enter the name, phone number and email address of the person

Part V. Foreign Corporations

we may contact if we have questions regarding your water’s edge

Enter the name and country of incorporation of all foreign

election.

corporations in which you have an ownership of greater than 50%.

If applicable, list the foreign parent corporation that owns greater

Part II. Tax Periods for Water’s Edge Election

than 50% of your corporation. It is necessary to include foreign

Enter each period of the three-year period for which you are

corporations owned by your corporation and foreign corporations

requesting the water’s edge election.

that are owned by each member of your affiliated group. Also,

indicate whether the corporation is included in the water’s edge

Part III. Department of Revenue Approval/Denial

group. Provide a separate sheet if necessary.

Upon receipt of this form, the department will either approve

or deny your water’s edge election request by marking the

Part VI. Explanation of Excluded Companies

appropriate box, the periods for which the water’s edge election

For each domestic corporation that is being excluded from the

has been approved, the periods for which the water’s edge

water’s edge group as indicated in Part III above, please provide

election has been denied, indicating the date of approval or

a detailed explanation for the exclusion from the group. For each

denial, and providing the signature and name of the person who

foreign corporation incorporated in a tax haven country pursuant

approved or denied your request. Your form will be sent back to

to 15-31-322, MCA that is being excluded from the water’s edge

you with a letter from the department either providing additional

group as indicated in Part IV above, please provide a detailed

information regarding your valid water’s edge election or an

explanation for the exclusion from the group.

explanation as to why your water’s edge election request has

been denied. If you do not receive this confirmation from the

Part VII. Officer’s Information

department within two weeks or by the deadline to make a valid

An officer of the company must print, sign and date this form.

water’s edge election, there may be a problem with your request

Please also include the phone number of the officer.

and you will need to contact us.

Please note that the periods in which you have been approved for

may be different than the ones that you requested. This change

Please send this form by mail to:

would be due to your request not meeting the requirements

Montana Department of Revenue

set forth in MCA and ARM, as indicated above. Please refer to

Attn: Corporate Tax Unit

this part for the periods in which you have a valid water’s edge

PO Box 7149

election.

Helena, MT 59604-7149

Part IV. Domestic Corporations

You may also fax it to: (406) 444-2900.

Enter the name and FEIN for all domestic corporations owned

more than 50%. This includes each member of your U.S.

Questions?

consolidated group, including the parent corporation, and all

Please e-mail us at DORWatersEdgeElection@mt.gov or call us

unconsolidated domestic entities in which you have an ownership

toll free at (866) 859-2254 (in Helena, 444-6900).

Montana Form We-Elect - Water'S Edge Election Page 4

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