Form 541-Es - Estimated Tax For Fiduciaries - 2005 Page 2
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1
22005 Estimated Tax Worksheet. Do not file. Keep this worksheet for your records.
1
Enter the estimated amount of adjusted total income you expect in 2005 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
1 ___________________
2
Enter income distribution deduction . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
2 ___________________
3
Taxable income of fiduciary. Subtract line 2 from line 1 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
3 ___________________
4
Tax. Figure the amount by using the 2004 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
stock held by an Elected Small Business Trust (ESBT) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
5 ___________________
6
Total. Add line 4 and line 5 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
6 ___________________
7
Credits. See the instructions for Form 541 for more information about credits you may claim . . . . . . . . . . . . . . . . . . . . . . . .
7 ___________________
8
Total. Subtract line 7 from line 6 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
8 ___________________
9
Enter the alternative minimum tax from Schedule P (541) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
9 ___________________
10
Enter the total of line 8 and line 9 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10 ___________________
11
a Enter 90% (.90) of line 10. Farmers and fishermen use 66 2/3% (.6667) of line 10 . . . . 11a ___________________
b
Enter 100% of the tax shown on your 2004 Form 541, line 27, or 110% (1.10) of that
amount if the estate’s or trust’s AGI on the 2004 return is more than $150,000,
and if less than 2/3 of gross income for 2004 or 2005 is from farming or fishing . . . . . .
11b ___________________
c Enter the smaller of line 11a or line 11b . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 11c ___________________
12
California income tax withheld and estimated to be withheld during 2005 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 12 ___________________
13
Estimated tax. Subtract line 12 from line 11c. If less than $200, no payment is required . . . . . . . . . . . . . . . . . . . . . . . . . . . . 13 ___________________
14
Divide line 13 by 4. This is the amount of your required installment. Enter the result here and on each Form 541-ES
voucher. See the instructions if income will be earned at an uneven rate during the year. If the amount is zero, do not
mail this voucher . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 14 ___________________
IF NO PAYMENT IS DUE, DO NOT MAIL THIS FORM
DETACH HERE
DETACH HERE
TAXABLE YEAR
CALIFORNIA FORM
Estimated Tax for Fiduciaries
541-ES
2005
Due Jan. 17, 2006
Fiscal year filers, enter year ending: month
year
Name of estate or trust
FEIN
-
Name and title of fiduciary
Address — number and street including suite number, PO Box, or rural route
PMB no.
Payment
Voucher
City
State
ZIP Code
-
4
If no payment is due, do not mail this form.
Amount of payment
Make your check or money order payable to “Franchise Tax Board.” Write the FEIN and “Form 541-ES 2005”
on it. Do not combine this payment with payment of your tax due for 2004. Mail this voucher and your check or money
. . . . .
order to: 541-ES UNIT, FRANCHISE TAX BOARD, PO BOX 942867, SACRAMENTO CA 94267-0031
,
,
541ES05103
Form 541-ES
(REV. 05-05)
For Privacy Act Notice, get form FTB 1131.
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