Form 1041-Es Instructions - 2011 Page 5
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52011 Estimated Tax Worksheet
Keep for Your Records
Enter adjusted total income expected in 2011
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1
1
Enter any expected income distribution deduction
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2
2
Enter any estate tax deduction .
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3
3
Enter exemption (see instructions) .
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4
4
Add lines 2 through 4 .
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5
5
Taxable income of estate or trust. Subtract line 5 from line 1
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6
6
7
Tax. Figure your tax on line 6 by using the 2011 Tax Rate Schedule below. (If the estate or trust expects a net capital
gain or qualified dividends and line 6 is more than zero, use the Tax Computation Worksheet Using Maximum
Capital Gains Rates on page 4, to figure the tax.) Electing Alaska Native Settlement Trusts, see instructions .
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7
Alternative minimum tax .
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8
8
Add lines 7 and 8. Include any tax on lump-sum distributions from Form 4972 .
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9
9
Credits (see instructions) .
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10
10
Subtract line 10 from line 9. If zero or less, enter -0- .
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11
11
Other taxes (see instructions)
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12
12
2011 estimated tax. Add lines 11 and 12. Reduce this total by any credit you expect to claim on Form 4136 .
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13
13
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14a
Enter 90% of line 13 (66
2
% for farmers and fishermen)
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14a
3
Enter the tax shown on the 2010 Form 1041 (110% of that amount if the estate’s or trust’s AGI on that
b
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return is more than $150,000, and less than
of gross income for 2010 or 2011 is from farming or fishing)
14b
3
Required annual payment. Enter the smaller of line 14a or 14b
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c
14c
Income tax withheld and estimated to be withheld during 2011 and other refundable credits .
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15
15
16
Subtract line 15 from line 14c
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16
(Note: If line 13 minus line 15 is less than $1,000, the estate or trust is not required to make estimated tax payments.)
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Installment amount. If the first required payment is due April 18, 2011, enter
1
of line 16 (minus any 2010 overpayment that you
17
4
are applying to this installment) here and on the payment line of the voucher(s). You may round off cents to the nearest whole dollar.
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2011 Tax Rate Schedule
Estates and trusts, if line 6 of the Estimated Tax Worksheet above is:
Over—
But not over—
The tax is:
Of the amount over—
$0
$2,300
15%
$0
2,300
5,450
$345.00 + 25%
2,300
5,450
8,300
1,132.50 + 28%
5,450
8,300
11,350
1,930.50 + 33%
8,300
11,350
- - - - - -
2,937.00 + 35%
11,350
Record of Estimated Tax Payments
Pay-
(b) Check or
(e) Total amount paid
(d) 2010 overpayment
ment
(a) Date
money order
(c) Amount
and credited (add (c)
credit applied
no.
number
and (d))
1
2
3
4
Total .
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▶
Tear off here
4
2011
1041-ES
Payment
Department of the Treasury
Voucher
OMB No. 1545-0971
Internal Revenue Service
Calendar year—Due Jan. 17, 2012
File only if the estate or trust is making a payment of estimated tax. Return this voucher
Amount of estimated tax you are paying
with check or money order payable to “United States Treasury.” Write the estate’s or
by check or
trust’s EIN and “2011 Form 1041-ES” on the check or money order. Do not send cash.
Dollars
Cents
money
Enclose, but do not staple or attach, the payment with this voucher.
order.
Employer identification number
Name of estate or trust
Fiscal year filers–enter year ending
Name and title of fiduciary
Address of fiduciary (number, street, and room or suite no.)
(month and year)
City, state, and ZIP code
-5-
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