Instructions for Form CIT Montana Corporate Income Tax Return - Montana

Form CIT Montana Corporate Income Tax Return - Montana

This document contains official instructions for Form CIT , Montana Corporate Income Tax Return - a form released and collected by the Montana Department of Revenue. An up-to-date fillable Form CIT is available for download through this link.

FAQ

Q: What is Form CIT?
A: Form CIT is the Montana Corporate Income Tax Return.

Q: Who needs to file Form CIT?
A: All corporations doing business in Montana need to file Form CIT.

Q: What is the purpose of Form CIT?
A: Form CIT is used to report and calculate corporate incometax owed to the state of Montana.

Q: What information is required to complete Form CIT?
A: Form CIT requires information such as gross receipts, expenses, deductions, and credits.

Q: When is Form CIT due?
A: Form CIT is due on the 15th day of the fourth month following the close of the tax year.

Q: Are there any penalties for failing to file Form CIT?
A: Yes, there are penalties for failing to file Form CIT, including late filing penalties and interest on any unpaid taxes.

Q: Can I file Form CIT electronically?
A: Yes, Montana offers electronic filing options for Form CIT.

Q: Is there a minimum income threshold for filing Form CIT?
A: Yes, corporations with gross income of $1,800 or less are not required to file Form CIT.

Q: What if I need an extension to file Form CIT?
A: You can request a six-month extension to file Form CIT by submitting Form EXT-15 before the original due date.