E-File your Montana 1099 forms for Tax year 2024

For Montana state tax filing, the following 1099 forms are required:

• Form 1099-NEC – Nonemployee Compensation
• Form 1099-MISC – Miscellaneous Information
• Form 1099-B – Proceeds from Broker and Barter Exchange Transactions
• Form 1099-DIV – Dividends and Distributions
• Form 1099-G – Certain Government Payments
• Form 1099-INT – Interest Income
• Form 1099-K – Payment Card and Third-Party Network Transactions
• Form 1099-OID – Original Issue Discount
• Form 1099-R – Distributions from Pensions, Annuities, etc.
• Form W-2G – Certain Gambling Winnings

These forms are required for reporting various types of income and withholding for Montana state taxes.

• Yes, businesses must file Form MW-3, the Montana Annual Reconciliation of Income Taxes Withheld form, along with Form W-2 and 1099s by January 31.
• This form must be filed even if no Montana income tax was withheld or if the employer has non-required pay frequencies.
• 1099s with Montana withholding should also be submitted with Form MW-3.
• Remitters making mineral royalty payments must withhold tax if:
• Payments exceed $155 in the current period.
• Payments exceed $2,000 annually.

A Montana Annual Mineral Royalty Withholding Tax Reconciliation is required to report these payments.

For the 2024 tax year, 1099 forms with state income tax withholding must be filed by January 31, 2025. Forms without state withholding must also be filed by this date. If the deadline falls on a weekend or holiday, it will be extended to the next business day.

Late Filing penalty is:

• A $50 minimum, or
• 5% of the outstanding tax per month
• Up to a maximum of 25% of the tax due