Extract Data From Legal Montana Independent Contractors Forms For Free

All independent contractors in Montana must choose one of the following workers' compensation options: Obtain coverage with a self-elected workers' compensation insurance policy. Obtain an Independent Contractor Exemption Certificate (ICEC).

In Montana, work comp may be obtained in three ways: self-insurance, private company, or from Montana State Fund. Work comp is solely funded by premiums paid by employers based on the amount of payroll they pay in the various job categories or class codes. Each class code has a work comp rate associated with it.

First, you must register for and get a business license with the Montana Secretary of State. Simply visit the state's secure website to access all this information. To achieve your license, you must pass each part of the exam ? the Re-modeler, Trades, Business/Law, or Contractor Licensure exams for Montana.

Please note ? if you retain or contract with these employers to perform work for you, they must either have workers' compensation coverage on themselves or an Independent Contractor Exemption Certificate (ICEC) issued by the Montana Department of Labor & Industry.

In Montana, the same form is used to register your business with the state and to apply for a contractor license. However, independent contractors who are not required to provide workers' compensation coverage will have to file an additional form to certify their exemption and complete their state registration.

2. IRS Tax Form 1099-NEC. The IRS Form 1099-NEC is the independent contractor tax form used by businesses to report payments to a contract worker in the previous tax year. This tax form for independent contractors is filed with the IRS and is also provided to the contractor for reporting income.