California Form 541-Es - Estimated Tax For Fiduciaries - 2009

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E Failure to Make Estimated Tax
F Other Information
Telephone assistance is available year-round from
7 a.m. until 6 p.m. Monday through Friday. We
Payments
Filing 541-ES on Magnetic Media. Fiduciaries
may modify these hours without notice to meet
that make estimated tax payments for more than
If the estate or trust is required to make estimated
operational needs.
200 taxable trusts may submit the estimated tax
tax payments and does not, or if it underpays
information on magnetic media or composite
Access by Internet. You can download, view, and
any installment, a penalty will be assessed for
listing. For additional information, our general
print California tax forms and publications from
that portion of estimated tax that was underpaid
toll-free service is available from within the
our website at ftb.ca.gov.
from the due date of the installment to the date
United States 800.852.5711 or from outside the
of payment or the due date of the tax return,
Access other state agencies’ websites through the
United States 916.845.6500 (not toll-free).
State Agencies Directory on California’s website
whichever is earlier. For more information, get
2008 form FTB 5805.
at ca.gov.
2009 Estimated Tax Worksheet. Do not file. Keep this worksheet for your records.
00
1
Enter the estimated amount of adjusted total income you expect in 2009 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
1 ___________________
00
2
Enter income distribution deduction. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
2 ___________________
00
3
Taxable income of fiduciary. Subtract line 2 from line 1 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
3 ___________________
00
4
Tax. Figure the amount by using the 2008 tax rate schedule . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
4 ___________________
5
Additional taxes from: form FTB 5870A, Tax on Accumulation Distribution of Trusts; IRC Section 453A tax, relating to
certain dispositions under the installment method; and, IRC Section 641(d) tax on income attributable to S corporation
00
stock held by an Elected Small Business Trust (ESBT) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
5 ___________________
00
6
Total. Add line 4 and line 5 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
6 ___________________
00
7
Credits. See the instructions for Form 541 for more information about credits you may claim . . . . . . . . . . . . . . . . . . . . . . . . . .
7 ___________________
00
8
Total. Subtract line 7 from line 6. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
8 ___________________
00
9
Enter the alternative minimum tax from Schedule P (541) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
9 ___________________
00
10
Mental Health Services Tax Worksheet, line E . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10 ___________________
00
11
Enter the total of line 8, line 9, and line 10 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 11 ___________________
00
12
a Enter 90% (.90) of line 11. Farmers and fishermen use 66 2/3% (.6667) of line 11 . . . . . . 12a ___________________
b Enter 100% of the tax shown on your 2008 Form 541, line 28, or 110% (1.10) of that
amount if the estate’s or trust’s AGI on the 2008 Form 541 is more than $150,000,
00
and if less than 2/3 of gross income for 2008 or 2009 is from farming or fishing . . . . . . . . 12b ___________________
c Enter the smaller of line 12a or line 12b. If the 2009 AGI is $1,000,000 or more, enter the
00
amount from line 12a. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 12c ___________________
00
13
California income tax withheld and estimated to be withheld during 2009 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 13 ___________________
00
14
Estimated tax. Subtract line 13 from line 12c. If less than $500, no payment is required . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 14 ___________________
15
Multiply line 14 by 30% (.30). Enter the amount on the 1st and 2nd installment of your Form 541-ES. Multiply the amount on
line 14 by 20% (.20). Enter the result on the 3rd and 4th installments of your Form 541-ES. See the instructions if income will
be earned at an uneven rate during the year. If the amount is zero, do not mail this form.
IF NO PAYMENT IS DUE, DO NOT MAIl THIS FOrM
DETACH HErE
DETACH HErE
TAXABlE YEAr
CAlIFOrNIA FOrM
Estimated Tax for Fiduciaries
541-ES
2009
File and Pay by Jan.15, 2010
Fiscal year filers, enter year ending: month __________ year __________
Name of estate or trust
FEIN
Name and title of fiduciary
Address (including number and street, suite, PO Box, or PMB no.)
Payment
Form
City
State
ZIP Code
4
Amount of payment
If no payment is due, do not mail this form.
Make your check or money order payable to the “Franchise Tax Board.” Write the FEIN and “2009 Form 541-ES”
on it. Do not combine this payment with payment of your tax due for 2008. Mail this form and your check or money order to:
00
.
,
,
541-ES UNIT, FRANCHISE TAX BOARD, PO BOX 942867, SACRAMENTO CA 94267-0031
Form 541-ES 2008
1211093

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