Montana Individual Income Tax Forms And Instructions

2006 Montana Individual Income Tax Instructions

•

are filing your return late and you have a refund, you

Line 56a – Nongame Wildlife Program.

are not assessed a late file penalty.

Your contributions to this program are used

to ensure the well-being of Montana’s

To calculate your late file penalty, subtract line 52 from

watchable wildlife species, such as eagles,

line 47 and enter the lesser of this result or $50.

herons, bluebirds, great horned owls, loons,

• Late Pay Penalty. If you have not paid to us 100% of

chipmunks, pikas, flying squirrels and

your income tax liability by April 16, 2007, you will have

painted turtles.

to pay a penalty. Your late pay penalty is equal to 1.5%

•

Line 56b – Child Abuse Prevention

per month or fraction of a calendar month on the unpaid

Program. Your contributions to this program

balance from April 16, 2007 until it is paid.

fund services and activities related to the

To calculate your late pay penalty, subtract line 52 from

prevention of child abuse and neglect. If you

line 47 and then multiply this result by 1.5% per month

enclose a separate check with your timely

or fraction of a calendar month your payment is late. In

filed return you are allowed to take an

no instance will your late pay penalty exceed 18% (12

itemized deduction for the amount of the

months X 1.5%).

contribution on the return you are filing with

this contribution.

• Interest. If you have not paid to us 100% of your

income tax liability by April 16, 2007 you will have to

•

Line 56c – Agriculture in Montana

pay 8% annual interest, computed daily on your unpaid

Schools Program. Your contributions to this

balance. Remember: A valid extension of time to file

program fund the development and

your return by October 15, 2007 does not extend your

presentation of educational programs. This

time for paying your income tax by April 16, 2007.

program ensures Montana’s young people

To calculate your interest, subtract line 52 from line 47

have a better understanding of agriculture in

and then multiply this result by .0002192 (.02192%)

our state and how it relates to the rest of the

times the number of days after April 16, 2007 your

world.

payment is received.

•

Line 56d – End-stage Renal Disease

If you owe more than one of the items listed above,

Program. Your contributions fund a program

enter each applicable amount in the worksheet below.

for persons suffering from end-stage renal

disease. This program assists persons

Type

Amount

suffering from chronic renal disease in

Late file penalty

____________

obtaining the medical, nursing,

pharmaceutical, and technical services

Late pay penalty

____________

necessary to care for the disease.

Interest

____________

Line 57 – Total tax, penalties, interest and

contributions. Add the amounts on line 47, 53, 54, 55

Total

____________

and 56 and enter the result on line 57. This is your total

Enter the total on Form 2M, line 54. (You may wish to

tax, penalties, interest and check-off program

keep this worksheet as part of your records for future

contributions.

reference.)

Line 58 – Amount That You Owe. If line 57 is more than

Line 55 – Medical Care Savings Account 10% Penalty.

line 52, enter the difference here. This is the amount you

If you withdrew funds from your medical care savings

owe.

account for purposes other than to pay for eligible medical

You can pay the amount you owe by personal check,

costs, you are required to pay a 10% penalty on this

money order, cashier’s check, credit card or E-check.

withdrawal unless you made this withdrawal on the last

When you send your payment, make it payable to the

business day of your business year, which is the last

Montana Department of Revenue and use the coupon that

weekday in December. Complete Form MSA-P and enter

we have provided to you with this income tax booklet.

the amount of the penalty on line 55 and attach a copy of

When you pay by personal check, money order, or

Form MSA-P to your income tax return.

cashier’s check, please write your social security number

Montana Check-offs

and the tax year 2006 on the memo line of your check.

Line 56 – Montana Check-off Programs. Montana’s tax

If you wish to pay the amount that you owe by credit card

statutes provide you with the opportunity to contribute, via

or E-check visit our web site at and

your income tax return, to the following programs. You can

access Income Tax Express. We accept only Visa or

contribute any amount to any one of these four programs.

Mastercard when you use a credit card.

Your contribution will increase the amount you owe or

If you cannot pay the entire amount that you owe with your

reduce the amount of your refund.

tax return, we encourage you to file your return timely and

pay as much as you can. By filing and paying as much as

Montana Individual Income Tax Forms And Instructions - 2006 Page 6

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