The Montana Department of Revenue has released their 2022 Employer Withholding Guide.
As of Tax Year 2023, Montana will not mail paper MW-1 Withholding Tax Vouchers. Copies of the forms must be downloaded online.
Significantly, Montana has added Form 1042-S forms that must be reported to Montana with Form MW-3. The reporting due date is January 31st. The withholding threshold for requirement reporting of the 1042-S is $600.
Finally, Montana has added a withholding requirement for “Media Loan Out Company Employee Compensation”. Production companies approved to claim Media Credit must pay loan-out withholding for compensation paid to a loan-out company for independent contractor production services.
You can access the 2022 Montana Employer Withholding Guide here.
