ARM 42.17.222. DEMAND OF PAYMENT OR REPORTS IF EMPLOYER TRANSFERS OR DISCONTINUES BUSINESS

(1) The department may demand that an employer file a form MW-3 with applicable federal form W-2s and submit payment within 30 days after ceasing activity. Ceasing activity includes, but is not limited to: (a) quits doing business; (b) sells or transfers the business, or the major portion of the business assets; or (c) becomes insolvent. (2) If the report and payment are not received within 30 days, the accrued taxes are subject to penalty and interest as provided in 15-1-216, MCA.