Form 1041-Es Instructions - 2011
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52011
Department of the Treasury
Internal Revenue Service
Form 1041-ES
Estimated Income Tax for Estates and Trusts
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The estate or trust will have federal
A qualified disability trust is any trust:
Section references are to the Internal
income tax withheld from any income, or
Revenue Code unless otherwise noted.
1. Described in 42 U.S.C.
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The estate or trust would be required to
1396p(c)(2)(B)(iv) and established solely
What’s New
make estimated tax payments (to avoid a
for the benefit of an individual under 65
For tax years 2011 and 2012, Public Law
penalty) even if it did not include
years of age who is disabled, and
111-312 extended the lower tax rates for
household employment taxes when
2. All of the beneficiaries of which are
capital gains and qualified dividends.
figuring its estimated tax.
determined by the Commissioner of
Social Security to have been disabled for
Purpose of Form
Exceptions. Estimated tax payments
some part of the tax year within the
are not required from:
meaning of 42 U.S.C. 1382c(a)(3).
Use this package to figure and pay
1. An estate of a domestic decedent
estimated tax for an estate or trust.
or a domestic trust that had a full
A trust will not fail to meet 2 above just
Estimated tax is the amount of tax an
12-month 2010 tax year and had no tax
because the trust’s corpus may revert to a
estate or trust expects to owe for the year
liability for that year;
person who is not disabled after the trust
after subtracting the amount of any tax
ceases to have any disabled
2. A decedent’s estate for any tax
withheld and the amount of any credits.
beneficiaries.
year ending before the date that is 2
This package is primarily for first-time
years after the decedent’s death; or
Qualified funeral trusts. No exemption
filers. After the IRS receives the first
3. A trust that was treated as owned
is allowed to a qualified funeral trust.
payment voucher, the estate or trust will
by the decedent if the trust will receive the
receive a 1041-ES package with the
All other trusts. A trust not described
residue of the decedent’s estate under
name, address, and employer
above is allowed a $100 exemption.
the will (or if no will is admitted to probate,
identification number (EIN) preprinted on
the trust primarily responsible for paying
the vouchers for the next tax year. Use
Line 7—Tax
debts, taxes, and expenses of
the preprinted vouchers unless the
administration) for any tax year ending
Electing Alaska Native Settlement
Electronic Federal Tax Payment System
before the date that is 2 years after the
Trusts. Multiply line 6 by 10% to figure
(EFTPS) is used. If you, as fiduciary, did
decedent’s death.
the amount of tax to enter on line 7,
not receive any 2011 preprinted
unless the trust is expected to have
vouchers, use the vouchers in this
qualified dividends or net capital gain for
package. However, do not use the
How To Figure Estimated
2011. Use Part IV of Schedule D of Form
vouchers to notify the IRS of a change of
Tax
1041-N (Rev. December 2008) as a
address. If the fiduciary has moved,
worksheet to figure the 2011 tax on
complete Form 8822, Change of Address,
Use the 2011 Estimated Tax Worksheet
qualified dividends or net capital gain.
and send it to the service center where
and 2011 Tax Rate Schedule on page 3
you file the estate’s or trust’s tax return.
and the estate’s or trust’s 2010 tax return
Line 10—Credits
and instructions as a guide for figuring the
Who Must Make Estimated
For details on credits the estate or trust
2011 estimated tax.
may claim, see the instructions for lines 2
Tax Payments
and 3, Schedule G, Form 1041.
If the estate or trust receives its
Generally, a fiduciary of an estate or trust
income unevenly throughout the year, it
Line 12—Other Taxes
must pay estimated tax if the estate or
may be able to lower or eliminate the
trust is expected to owe, after subtracting
Enter any other taxes such as:
amount of its required estimated tax
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its withholding and credits, at least $1,000
Tax from recapture of investment
payment for one or more periods by using
in tax for 2011 and can expect its
credit, low-income housing credit,
the annualized income installment
withholding and credits to be less than the
qualified electric vehicle credit, the Indian
method. See Pub. 505, Tax Withholding
smaller of:
employment credit, the new markets
and Estimated Tax, for details.
credit, or the credit for employer-provided
1. 90% of the tax shown on the 2011
child care facilities.
tax return, or
Instructions for 2011
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Tax on accumulation distribution of
2. The tax shown on the 2010 tax
trusts.
Estimated Tax Worksheet
return (110% of that amount if the estate’s
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Tax figured under section 641(c) on
or trust’s adjusted gross income (AGI) on
income attributable to S corporation stock
that return is more than $150,000, and
Line 4—Exemption
held by an electing small business trust.
less than
/
of gross income for 2010 or
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3
Decedents’ estates. A decedent’s
For details, see Electing Small Business
2011 is from farming or fishing). To figure
estate is allowed a $600 exemption.
Trusts in the 2010 Instructions for Form
the estate’s or trust’s AGI, see the
1041.
instructions for line 15b of Form 1041,
Trusts required to distribute all income
U.S. Income Tax Return for Estates and
currently. A trust whose governing
Include household employment taxes
Trusts.
on line 12 if:
instrument requires that all income be
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The estate or trust will have federal
distributed currently is allowed a $300
However, if a return was not filed for
income tax withheld from any income, or
exemption, even if it distributed amounts
2010 or that return did not cover a full 12
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The estate or trust would be required to
other than income during the tax year.
months, item 2 does not apply.
make estimated tax payments (to avoid a
Qualified disability trusts. A qualified
For this purpose, include household
penalty) even if it did not include
disability trust is allowed a $3,700
employment taxes when figuring the tax
household employment taxes when
exemption.
shown on the tax return, but only if:
figuring its estimated tax.
Cat. No. 63550R
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