Montana Code 15-30-2510. Remitting withholding taxes electronically — employer option — timely remittance
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15-30-2510. Remitting withholding taxes electronically — employer option — timely remittance. (1) Subject to subsection (2), an employer may remit and file state income tax withholding electronically in any format established and approved by the department.
Terms Used In Montana Code 15-30-2510
- Electronic funds transfer: The transfer of money between accounts by consumer electronic systems-such as automated teller machines (ATMs) and electronic payment of bills-rather than by check or cash. (Wire transfers, checks, drafts, and paper instruments do not fall into this category.) Source: OCC
- State: when applied to the different parts of the United States, includes the District of Columbia and the territories. See Montana Code 1-1-201
(2)An employer shall obtain the department’s prior approval before the employer may remit withholding taxes by electronic funds transfer.
(3)If an employer remits withholding taxes electronically, the remittance is considered timely if made within 5 days after the due date of the payment.