Business must report property by March 1
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HELENA — The Montana Department of Revenue has mailed 2017 personal property reporting forms to business owners. Business and industrial taxpayers have until March 1, 2017, to report their business equipment or personal property to the department.
Businesses need to report heavy equipment, manufacturing and mining equipment, farm and ranch equipment, oil and gas equipment, and miscellaneous equipment.
They’ll need to file even if there were no changes to their business equipment or if they closed or sold their business.
Businesses can submit their reporting form electronically through the department’s TransAction Portal (TAP) at https://tap.dor.mt.gov/. They can also fill out the paper form they receive and mail or deliver it back to the department instead.
Whether a taxpayer filed electronically in 2016 or by paper, all of their reported business equipment for 2016 is prepopulated to the 2017 online reporting system.
For more information, visit revenue. mt.gov or call toll free 1-866-859- 2254 or, in Helena, 406-444-6900.
