Form Ext-Fid-08 - Extension Payment Worksheet - 2008 And Form Esw-Fid - 2009 Montana Fiduciary Estimated Income Tax Worksheet Page 4
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2
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4dates are the 15th day of the fourth, sixth, and ninth months
2008 Montana Fiduciary Income Tax Table
of the fi scal year and the fi rst month of the following fi scal
If Your Taxable
Multiply
But Not
And
This Is
year.
Income Is
Your Taxable
More Than
Subtract
Your Tax
More Than
Income By
I completed my estimated income tax worksheet at the
$0
$2,600
1% (0.010)
$0
beginning of the year and did not anticipate a change
$2,600
$4,600
2% (0.020)
$26
in my income throughout the year. What do I need to
$4,600
$7,000
3% (0.030)
$72
do if my income situation changes during the year?
$7,000
$9,500
4% (0.040)
$142
If your tax situation changes during the year, you will need
$9,500
$12,200
5% (0.050)
$237
to recalculate your estimated tax payments. Your remaining
$12,200
$15,600
6% (0.060)
$359
installment payments will need to be proportionally
More Than $15,600
6.9% (0.069)
$499
changed so that the balance of your estimated payments is
For Example: Taxable Income $6,800 X 3% (0.030) = $204; $204
paid equally over the remaining installment periods.
Minus $72 = $132 Tax
How can I determine the amount of my estimated
withholding that I will have in 2009?
General Information
You can use your 2009 paycheck or pension check stubs
that you have received to date to estimate the amount of
What is the purpose of Form ESW-FID?
withholding that you may have in 2009.
The purpose of this form is to assist you in calculating your
I am a nonresident of Montana. Do I have to make
2009 estimated income tax. Estimated tax payments are
estimated tax payments?
a method used to pay tax on income that is not subject to
withholding. Examples of income that may not be subject
As a nonresident trust, you are required to make estimated
to withholding includes interest, dividends, rents, capital
tax payments if you expect to owe at least $500 in Montana
gains, royalties, etc.
income tax after subtracting your Montana withholding paid
and credits that you are entitled to.
Am I required to make estimated tax payments in 2009?
I did not make estimated tax payments in 2009 and my
You are required to make estimated tax payments in 2009
income tax due is more than $500. Am I subject to any
if you expect to owe an income tax liability of at least
penalties and interest on my underpayment?
$500 after you subtract your tax credits and withholding
payments.
Yes you are. You are required to pay your income tax
liability throughout the year. You can make your payments
If you are required to make estimated tax payments, these
through employer withholding, installment payments of
payments will be the smaller of:
estimated taxes, or a combination of employer withholding
•
100% of your 2008 Montana tax due reported on Form
and estimated tax payments.
FID-3, line 55, or
If you did not pay in advance at least 90% of your 2009
•
90% of your 2009 Montana income tax due.
income tax liability (after applying your credits) or 100% of
Who is not required to make estimated payments?
your 2008 income tax liability (after applying your credits),
you may have to pay interest on the underpayment of your
You are not required to make estimated tax payments in
estimated tax.
2009 if you meet one of the following criteria:
If you have questions, please call us toll free at
•
Your 2009 income tax due after credits and withholding
(866) 859-2254 (in Helena, 444-6900).
is less than $500.
•
Your 2008 tax period covered 12 months and your
Montana tax due was zero.
•
You were not required to fi le a 2008 Montana income
tax return.
When are my estimated tax payments due?
When you fi le your return on a calendar year basis, you
may prepay all of your estimated taxes for 2009 by April 15,
2009, or you may pay them in four equal amounts that are
due on the dates listed below.
First payment
-
due April 15, 2009
Second payment
-
due June 15, 2009
Third payment
-
due Sept 15, 2009
Fourth payment
-
due Jan 15, 2010
If any of these installment dates fall on a weekend or a
holiday, your payment is due on the next business day.
If you fi le your return on a fi scal year basis, your payment
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