Form 1041-Es Instructions - 2011 Page 2
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5When To Make Estimated
Where To File
month following the close of the tax year
and pay the total tax due.
Tax Payments
Mail the payment voucher to:
How To Complete and Use
Internal Revenue Service
Trusts. The trust may pay all of its
P.O. Box 804526
the Payment Vouchers
estimated tax by April 18, 2011, or in four
Cincinnati, OH 45280-4526
equal installments due by the following
Each payment voucher has the date
Do not send the payment voucher to
dates:
when the voucher is due for calendar year
the Internal Revenue Service Center
estates and trusts. Be sure to use the
where you file Form 1041.
1st installment . . . . . . . . . .
April 18, 2011
correct voucher. Complete and send in
Only the U.S. Postal Service can
2nd installment . . . . . . . . .
June 15, 2011
the voucher only if you are making a
deliver to the above address.
3rd installment . . . . . . . . . . Sept. 15, 2011
payment. To complete your voucher:
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Enter the estate’s or trust’s name and
4th installment . . . . . . . . . .
Jan. 17, 2012
Amending Estimated Tax
EIN, and the fiduciary’s name, title, and
Payments
address in the spaces provided on the
If the trust has a short tax year, see
payment voucher.
To change or amend the estate’s or
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Notice 87-32, 1987-1 C.B. 477, for the
Enter in the payment box of the
trust’s estimated payments, refigure the
estimated tax due dates and other
voucher only the amount the estate or
total estimated payments due (line 16 of
information.
trust is sending in. When making
the worksheet on page 3). Then use
payments of estimated tax, be sure to
The trust does not have to make
Worksheet 2-7 in Pub. 505 to figure the
take into account any 2010 overpayment
the payment due on January 17,
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payment due for each remaining period. If
that the estate or trust chose to credit
2012, if it files the 2011 Form
an estimated tax payment for a previous
against its 2011 tax, but do not include
1041 by January 31, 2012, and pays the
period is less than
/
of the amended
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the overpayment amount in this box.
entire balance due with the return.
estimated tax, the estate or trust may owe
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Enclose, but do not staple or attach, a
Estates. If the estate has adopted a
a penalty when its return is filed.
check or money order with the payment
calendar year as its tax year, file using
voucher. Make the check or money order
When a Penalty Is Applied
the rules listed under Trusts above.
payable to “United States Treasury.”
If the estate has adopted a fiscal year,
In some cases, the estate or trust may
Write the estate’s or trust’s EIN and “2011
it may pay all of its estimated tax by the
owe a penalty when it files its return. The
Form 1041-ES” on the check or money
15th day of the 4th month of its 2011 tax
penalty is imposed on each
order. Do not include any balance due on
year or in four equal installments due on
underpayment for the number of days it
the 2010 Form 1041 with the check for
the 15th day of the 4th, 6th, and 9th
remains unpaid. A penalty may be applied
2011 estimated tax. Fill in the Record of
months of the 2011 tax year, and the 1st
if the estate or trust did not pay enough
Estimated Tax Payments on page 3 for
month of the following tax year.
estimated tax or it did not make the
your files.
payments on time or in the required
The estate does not have to make
Electronic Deposits
amount. A penalty may apply even if the
the payment due on the 15th day
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estate or trust has an overpayment on its
of the 1st month following the
The IRS has issued T.D. 9507. Beginning
tax return.
close of the fiscal year if it files the 2011
in 2011, you must deposit all depository
The penalty may be waived under
Form 1041 by the last day of the 1st
taxes (such as estimated taxes of certain
certain conditions. See Pub. 505 for
month following the close of the fiscal
trusts, excise tax, etc.) electronically
details.
year, and pays the entire balance due
using the Electronic Federal Tax Payment
with the return.
System (EFTPS).
Certain Payments of
If any date falls on a Saturday,
A financial institution that maintains a
Estimated Tax Treated as
Sunday, or legal holiday, the installment
TT&L account, and acts as a fiduciary for
is due on the next business day.
at least 200 taxable trusts that are
Paid by Beneficiary
required to pay estimated tax, is required
If, after March 31, 2011, or after the
The fiduciary (or executor, for the final
to deposit the estimated tax payments
last day of the 3rd month of the fiscal tax
year of the estate) may elect to have any
electronically using EFTPS. A fiduciary
year, the estate or trust has a large
portion of its estimated tax payments
that is not required to make electronic
enough change in income to require the
treated as made by a beneficiary (and not
deposits of estimated tax on behalf of a
payment of estimated tax, figure the
as payments made by the estate or trust).
trust, or the fiduciary of an estate, may
amount of each installment by using the
voluntarily participate in EFTPS. To enroll
annualized income installment method, as
Such an amount is treated as a
in or get more information about EFTPS,
explained in Pub. 505.
payment of the estimated tax made by the
visit the EFTPS website at
beneficiary on the January 15th following
Farmers and fishermen. If at least
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of
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gov
or call 1-800-555-4477. Also, see
the end of the tax year.
gross income for 2010 or 2011 is from
Pub. 966, The Secure Way To Pay Your
Time for making election. The fiduciary
farming or fishing, do one of the following:
Federal Taxes.
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Pay the total estimated tax (line 16 of
must make the election on the 2011 Form
Depositing on time. For deposits made
the Worksheet) by January 17, 2012, or
1041-T, Allocation of Estimated Tax
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using EFTPS to be on time, you must
File Form 1041 for 2011 by March 1,
Payments to Beneficiaries. The election
initiate the deposit by 8:00 p.m. Eastern
2012, and pay the total tax due. In this
must be filed on or before the 65th day
time the day before the date the deposit is
case, do not make estimated tax
after the close of the estate’s or trust’s tax
due. If you use a third party to make
payments for 2011.
year. For details, see section 643(g).
deposits on behalf of the trust (or estate),
For fiscal year estates, pay the total
the third party may have a different cut-off
estimated tax by the 15th day of the 1st
time.
month following the close of the tax year,
or file Form 1041 by the 1st day of the 3rd
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