Form Ext-Fid-11 - Fiduciary Extension Payment Worksheet Page 2
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1
2Form EXT-FID General Instructions
How can a fi duciary of an estate or trust receive an
April 17, 2012 until it is paid. In no instance will the late
extension to fi le the Montana tax return?
payment penalty exceed 12% (10 months X 1.2%) of the
unpaid tax.
In order for an estate or trust to be granted an extension
of time for fi ling Form FID-3, both of the following
If the estate or trust has not paid all of the tax liability by
requirements must be met by April 17, 2012:
April 17, 2012, it will have to pay XX% annual interest,
computed daily on the unpaid balance.
1. The fi duciary has applied to the IRS by fi ling federal
Form 7004 for an automatic fi ve-month extension to fi le
How does the estate or trust make an extension
the federal income tax return.
payment?
2. The estate or trust has paid 90% of the estate’s or
The fi duciary will need to complete this form to determine
trust’s current year tax liability or 100% of its previous
the amount of the extension payment for the estate or trust.
year tax liability through estimated tax payments,
If there is more than $1 on line 9, please pay the amount
withholding tax, or a combination of estimated tax
on line 9 on or before April 17, 2012. If the estate or trust is
payments and withholding tax.
a fi scal year taxpayer, the payment is due on or before the
15th day of the fourth month after the close of the tax year.
Mark the extension indicator box on Form FID-3, page
3, and include a copy of the federal Form 7004 to the
•
Pay Electronically. An extension payment can be
completed Montana income tax return. Do not send copies
made electronically by e-check or credit card. Please
of the federal extension prior to fi ling the tax return.
visit our website at revenue.mt.gov. There is no fee for
an e-check, but a small fee is applied for a credit card
The estate or trust has a valid Montana extension
payment.
but did not pay the entire 2011 income tax liability by
April 17, 2012. Is the outstanding Montana income tax
•
Pay by personal check, money order or cashier's
liability subject to penalties and interest?
check. If paying by personal check, money order or
cashier's check, please complete the Montana Estate
Yes, it is. It is important to note that any extension of time
or Trust Payment Voucher on the previous page.
to fi le the Montana tax return is not an extension of time
Make the check payable to the Montana Department
to pay the tax liability. If the estate or trust has a valid
of Revenue. Remember to sign the check, and write
Montana extension but has not paid the entire 2011 tax
the federal identifi cation number and "Tax Year 2011-
liability by April 17, 2012, it is relieved of the late fi le penalty
EXT" on the memo line. Mail the payment and payment
but not relieved of late payment penalty and interest on the
voucher to the following address:
outstanding Montana income tax liability.
Montana Department of Revenue
The late payment penalty is equal to 1.2% per month or
PO Box 6309
fraction of a calendar month on the unpaid balance from
Helena, MT 59604-6309
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