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MFA required for electronic filing

Effective May 3rd, the 2017 version of UltraTax CS requires multi-factor authentication (MFA) to transmit e-files from CS Connect. Find out more.

Use the state tabs in the Shareholder Information window to enter state-specific information for shareholders. State tabs appear only if you have added states to the return.

To update a shareholder's state-specific information, click that shareholder in the Shareholder Information window, and then click the appropriate state tab.

Fields & buttons

Montana information group box

If the shareholder is a nonresident, enter a code from the following table or select the code from the drop-down list to indicate the type of nonresident filing to be made by the shareholder. If the shareholder is a nonresident, UltraTax CS defaults to calculating withholding on Form CLT-4S, Schedule III for the shareholder.

Code Description
1

Withholding (default)

This is the default filing for nonresident shareholder when a code is not selected from the drop-down list. Select this option to indicate the shareholder is subject to withholding on Form CLT-4S, Schedule III.
2

Composite filer

Select this option to indicate the corporation is filing a composite return on behalf of the nonresident shareholder. UltraTax CS completes Form CLT-4S, Schedule IV for participating nonresident shareholders.
3

Exempt from withholding and tax agreement on file

Select this option to indicate the shareholder agreement is already on file. UltraTax CS does not completes Form PT-AGR for this shareholder.
4

Exempt from withholding and tax agreement required

Select this option to indicate an agreement is required for the nonresident shareholder. UltraTax CS completes Form PT-AGR.
5

Revoke tax agreement and withhold tax

Select this option to revoke the shareholder agreement and indicate the shareholder is subject to the withholding on Form CLT-4S, Schedule III.
6

Revoke tax agreement and composite filer

Select this option to revoke the shareholder agreement and indicate the corporation is filing a composite return on behalf of the nonresident shareholder. UltraTax CS completes Form CLT-4S, Schedule IV for participating nonresident shareholders.

Enter a date if the corporation filed a Nonresident Income Tax Agreement in prior years and is not filing a composite return of behalf of a nonresident shareholder. When you enter a date, UltraTax CS enters the date on Form CLT-4S, Schedule III, column G.

UltraTax CS provides this statement dialog for supplemental information specific to each shareholder. Use this statement dialog for items that are not pro-rata. If you have pro-rata items that need to be reported to each shareholder, use Section A in Screen MTKSep. UltraTax CS prints the information you enter in this statement dialog in the Schedule K-1 statement for Part 5, Other information.

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