When is a disregarded entity required to amend the Montana disregarded entity information return, Form DER-1?
If the entity discovers that the information return was incorrect, it has five years from the due date of the original return to file an amended Montana disregarded entity information return. If the Internal Revenue Service changes or makes corrections to the federal tax return or if the entity amends its federal tax return, it must file an amended Form DER-1. The amended Form DER-1 needs to be filed within 90 days of receiving the Internal Revenue Service’s notification of the corrections made to the federal tax return or filing the amended federal tax return. Please attach a copy of the federal corrections or amended federal tax form to the amended Form DER-1.If the entity does not notify us within 90 days of the change to the federal taxable income, we have five years from the date that the changes become final on the federal return to adjust the Montana tax return to reflect the changes made on the federal tax return.
If the entity discovers that the information return was incorrect, it has five years from the due date of the original return to file an amended Montana disregarded entity information return. If the Internal Revenue Service changes or makes corrections to the federal tax return or if the entity amends its federal tax return, it must file an amended Form DER-1. The amended Form DER-1 needs to be filed within 90 days of receiving the Internal Revenue Service’s notification of the corrections made to the federal tax return or filing the amended federal tax return. Please include a copy of the federal corrections or amended federal tax form to the amended Form DER-1. If the entity does not notify us within 90 days of the change to the federal taxable income, we have five years from the date that the changes become final on the federal return to adjust the Montana tax return to reflect the changes made on the federal tax return.
A. If the entity discovers that the information return was incorrect, it has five years from the due date of the original return to file an amended Montana disregarded entity information return. If the Internal Revenue Service changes or makes corrections to the federal tax return or if the entity amends its federal tax return, it must file an amended Form DER-1. The amended Form DER-1 needs to be filed within 90 days of receiving the Internal Revenue Service’s notification of the corrections made to the federal tax return or filing the amended federal tax return. Please include a copy of the federal corrections or amended federal tax form to the amended Form DER-1. If the entity does not notify us within 90 days of the change to the federal taxable income, we have five years from the date that the changes become final on the federal return to adjust the Montana tax return to reflect the changes made on the federal tax return.
