By Payroll and Entitlements Editorial Staff
Montana has updated various personal income tax rules to include references to Form MW-4, the Montana Employee’s Withholding Allowance and Exemption Certificate. Among other changes, the update also removes references to military employee and spouse Form MSR, as well as Form MT-R, which was previously used in the state’s reciprocal tax agreement with North Dakota. The rules were also updated to differentiate for withholding agents those obligations that may involve tax-exempt interest from other types of obligations, like guarantees, that may give rise to taxable income. (MAR Notice 42-1001, Montana Department of Revenue, effective December 28, 2019.)
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