Fillable Form Iufc - Infrastructure User Fee Credit

Form Iufc - Infrastructure User Fee Credit - 2014

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Clear Form

MONTANA

IUFC

Rev 04 14

2014 Infrastructure User Fee Credit

17-6-309(2) and 17-6-316, MCA

Name (as it appears on your Montana tax return)

Social Security

Federal Employer

X X X X X X X X X

Number

Identification Number

Part I. Credit Computation – Individuals and Pass-Through Entities Only

1. Current year’s infrastructure user fee credit ................................................................ 1. $_____________________

2. If you are a partner in a partnership or shareholder in an S corporation, enter your

portion of the infrastructure user fee credit ................................................................. 2. $_____________________

Business Name of Pass-Through Entity

Federal Employer

X X X X X X X X X

Identification Number

_________________________________________________

3. Individuals: credit carryforward/carryback (include a detailed schedule) .................... 3. $_____________________

4. Add lines 1, 2 and 3. This is your total available infrastructure user fee credit ........... 4. $_____________________

Where to Report Your Credit

►Individuals: Transfer the amount on line 4 to Form 2, Schedule V.

►Partnerships: Transfer the amount on line 4 to Form PR-1, Schedule II.

►S corporations: Transfer the amount on line 4 to Form CLT-4S, Schedule II.

Part II. Credit Computation – C Corporations Only. Complete a column for each entity that pays fees attributable to

the use of the infrastructure. (If necessary, use additional pages.) Please include a copy of the letter from the Montana

Board of Investments detailing the principal and interest paid.

Column A

Column B

Column C

1. Entity name

2. Federal employer identification number (FEIN)

3. Current year infrastructure user fee credit

4. Credit carryforward/carryback (include a detailed

schedule)

5. Add lines 3 and 4; enter the result here. This is your

total available infrastructure user fee credit.

6. Montana tax liability (see instructions)

7. Enter the lesser of line 5 or line 6 here. This is your

allowable separate entity credit.

8. Add the amounts on line 7 of each column, including any amounts on additional pages.

Enter the amount here. This is your allowable infrastructure user fee credit.

Where to Report Your Credit

►C corporations: Transfer the amount on line 8 to Form CIT, Schedule C.

If you file your Montana tax return electronically, you do not need to mail this form to us unless we ask you for a copy. When you file electronically, you

represent that you have retained the required documents in your tax records and will provide them upon the department’s request.