The entity is unable to obtain a signed Form PT-AGR or PT-STM from the owner of the disregarded entity. What does it have to do?
If the entity is unable to obtain a signed Form PT-AGR from the nonresident individual or foreign C corporation, or Form PT-STM from the second-tier pass-through entity owner, the entity is required to withhold tax from the owner’s share of Montana source income reported on Schedule I, Column D.If the owner is a foreign C corporation, multiply the foreign C corporation’s Montana source income by 6.75% to determine the amount of withholding.If the owner is a nonresident individual, or a second-tier pass-through entity, multiply the owner’s Montana source income by 6.9% to determine the amount of withholding.Form PT-WH (Montana Income Tax Withheld for a Nonresident Individual, Foreign C Corporation or Second Tier Pass-Through Entity) is completed for each nonresident owner or second tier pass-through entity who has not provided the disregarded entity with a signed Form PT-AGR or Form PT-STM. The Form PT-WH is not filed with the disregarded entity information return. This form is provided
If the entity is unable to obtain a signed Form PT-AGR from the nonresident individual or foreign C corporation, or Form PT-STM from the second tier pass-through entity owner, the entity is required to remit an amount based on the owner’s share of Montana source income reported on Schedule I, Column D. If the owner is a foreign C corporation, multiply the foreign C corporation’s Montana source income by 6.75% to determine the amount of the remittance. If the owner is a nonresident individual, or a second tier pass-through entity, multiply the owner’s Montana source income by 6.9% to determine the amount of the remittance. Form PT-WH (Montana Income Tax Withheld for a Nonresident Individual, Foreign C Corporation or Second Tier Pass-Through Entity) is completed for each owner for whom a remittance is sent. The Form PT-WH is not filed with the disregarded entity information return. This form is provided to the owner so they can include it as Montana tax withheld on the owner’s behalf on
A. If the entity is unable to obtain a signed Form PT-AGR from the nonresident individual or foreign C corporation, or Form PT-STM from the second tier pass-through entity owner, the entity is required to remit an amount based on the owner’s share of Montana source income reported on Schedule I, Column D. If the owner is a foreign C corporation, multiply the foreign C corporation’s Montana source income by 6.75% to determine the amount of the remittance. If the owner is a nonresident individual, or a second tier pass-through entity, multiply the owner’s Montana source income by 6.9% to determine the amount of the remittance. Form PT-WH (Montana Income Tax Withheld for a Nonresident Individual, Foreign C Corporation or Second Tier Pass-Through Entity) is completed for each owner for whom a remittance is sent. The Form PT-WH is not filed with the disregarded entity information return. This form is provided to the owner so they can include it as Montana tax withheld on the owner’s behalf
Related Questions
- Does OHFA require the owner to inspect units annually? Does the inspection form have to be signed and dated by the resident and management?
- When is a disregarded entity required to amend the Montana disregarded entity information return, Form DER-1?
- Is the disregarded entity subject to interest or penalties if it doesn’t file Form DER-1 timely?
