Form Ext-Fid-08 - Extension Payment Worksheet - 2008 And Form Esw-Fid - 2009 Montana Fiduciary Estimated Income Tax Worksheet Page 3
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4MONTANA
CLEAR FORM
ESW-FID
New 06-08
2009 Montana Fiduciary Estimated Income Tax Worksheet
Keep this worksheet for your records
To estimate your 2009 income tax due, you may use your 2008 income tax due from Form FID, line 55. If you choose
this method, skip lines 1 through 8 and enter your 2008 tax due on line 9b below, otherwise begin with line 1.
1. Enter your 2009 estimated Montana adjusted gross income here ..................................................1.
2. Enter the estimated amount of your:
a. 2009 expected income distribution deduction .............................................. 2a.
b. 2009 exemption ($2,140) ............................................................................. 2b.
2140
Add lines 2a and 2b and enter the result here ............................................................................2.
3. Subtract line 2 from line 1 and enter the result here. This is your 2009 estimated taxable income. If
the result is zero or less, stop here. You are not subject to estimated tax payments in 2009 ............3.
4. Calculate your estimated 2009 income tax:
a. Multiply the amount on line 3 using the tax table on the back of this form and
enter the result here ..................................................................................... 4a.
b. If you have net capital gains included in your estimated Montana adjusted
gross income on line 1, multiply the net capital gains amount (less the
amount of net capital gains distributed to a benefi ciary) by 2% (0.02) and
enter the result here ..................................................................................... 4b.
Subtract line 4b from 4a and enter the result here. This is your 2009 estimated resident tax after
capital gains tax credit. ................................................................................................................4.
5. Enter your 2009 estimated nonrefundable single-year credits and carryover credits here .............5.
6. Subtract line 5 from line 4 and enter the result here. This is your 2009 estimated total tax after
nonrefundable credits. .....................................................................................................................6.
7. Enter your estimated 2009 recapture taxes here ............................................................................7.
8. Add lines 6 and 7 and enter the result here. This is your 2009 estimated total tax due. .................8.
9. a. Multiply line 8 by 90% (0.90) and enter the result here ................................ 9a.
b. Enter 100% of the tax due shown on your 2008 income tax return Form FID,
line 55 ........................................................................................................... 9b.
Enter the smaller of line 9a or 9b. If you are unable to compute line 9a, enter the amount from
line 9b. .........................................................................................................................................9.
10. a. Enter the amount of your estimated Montana income tax withheld in 2009.
(Examples include withholding on wages, pensions, annuities, pass-through
entities, mineral royalty, etc.) ...................................................................... 10a.
b. Enter the amount of your 2008 overpayment that was applied to your 2009
income tax .................................................................................................. 10b.
c. Enter the amount of your 2009 estimated refundable credits. This includes
your elderly homeowner/renter credit, fi lm employment production credit, fi lm
qualifi ed expenditure credit and Insure Montana credit ............................. 10c.
Add lines 10a, 10b, and 10c and enter the result here. This is your 2009 estimated payments. .10.
11. Subtract line 10 from line 8. If the result is less than $500, stop here; the estate or trust is not
subject to estimated tax payments in 2009. If the result is $500 or more, subtract line 10 from line
9 and enter the amount here and continue to line 12. ................................................................... 11.
a.
b.
c.
d.
Payment Due Dates
April 15, 2009 June 15, 2009 Sept. 15, 2009 Jan 15, 2010
12. Divide the amount on line 11 by four (4) and enter the
result in columns a, b, c and d ..........................................12.
13. Enter your annualized income installment amount from
Form ESA, line 25c...........................................................13.
14. Enter the amount from line 12 or line 13 whichever applies.
This is your installment payment due for each period. 14.
If the payment date falls on a weekend or a holiday, your payment is due on the next business day.
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