Form Rev-414 - Individuals Worksheet - Pa Department Of Revenue (Page 4 of 10) in pdf

REV-414(F) EX (08-16)

ESTATES AND TRUSTS woRkShEET

PA DEPARTMENT OF REVENUE

(keep for your records.)

PART A. 2017 PA ESTIMATED TAX WORKSHEET

1. Enter the expected 2017 PA taxable income for the estate or trust. . . . . . . . . . . . . . . . . . . . . . . . . . . . 1.

2. Estimated 2017 deductions for distributions. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2.

3. Estimated 2017 PA taxable estate or trust income. Subtract Line 2 from Line 1. . . . . . . . . . . . . . . . . . 3.

4. Estimated 2017 PA estate or trust tax. Multiply Line 3 by 3.07% (0.0307). . . . . . . . . . . . . . . . . . . . . . 4.

5. Estimated Nonresident Tax Withheld if the estate or trust is a shareholder in

a PA S corporation. For a NONRESIDENT estate or trust ONLY. . . . . . . . . . . . . . . . . . . . . 5.

6. Estimated Credit for Income Tax Paid to Other States. . . . . . . . . . . . . . . . . . . . . . . . . . . . . 6.

7. Estimated PA Employment Incentive Payment Credits. . . . . . . . . . . . . . . . . . . . . . . . . . . . . 7.

8. Estimated PA Job Creation Tax Credit. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 8.

9. Estimated PA Research and Development Tax Credit. . . . . . . . . . . . . . . . . . . . . . . . . . . . . 9.

10. Estimated PA Film Production Tax Credit. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10.

11. Estimated PA Keystone Innovation Zone Tax Credit. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 11.

12. Estimated PA Resource Enhancement and Protection Tax Credit. . . . . . . . . . . . . . . . . . . . 12.

13. Estimated PA Neighborhood Assistance Program Tax Credit. . . . . . . . . . . . . . . . . . . . . . . . 13.

14. Estimated PA Educational Improvement Tax Credit. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 14.

15. Estimated PA Opportunity Scholarship Tax Credit. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 15.

16. Estimated PA Keystone Special Development Zone Tax Credit. . . . . . . . . . . . . . . . . . . . . . 16.

17. Estimated PA Historic Preservation Incentive Tax Credit. . . . . . . . . . . . . . . . . . . . . . . . . . . 17.

18. Estimated PA Community-Based Services Tax Credit. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 18.

19. Estimated PA Organ and Bone Marrow Donor Tax Credit. . . . . . . . . . . . . . . . . . . . . . . . . . . 19.

20. Estimated PA Coal Refuse Energy and Reclamation Tax Credit. . . . . . . . . . . . . . . . . . . . . . 20.

21. Other PA Schedule OC Credits not listed above. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 21.

22. Estimated Other PA Tax Withheld. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 22.

23. Total Estimated Credits. Add Lines 5 through 22. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 23.

24. TOTAL 2017 ESTATE OR TRUST ESTIMATED TAX. Subtract Line 23 from Line 4. . . . . . . . . . . . . . 24.

25. Enter 90% of Line 24. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 25.

26. Enter 100% of the 2016 net PA taxable income of the estate or trust,

after the distributions deductions, from its PA-41. ($0 if no return filed in 2016) . . . . . . . . . 26.

27. Figure the tax by multiplying Line 26 by 3.07% (0.0307). . . . . . . . . . . . . . . . . . . . . . . . . . . 27.

28. TOTAL REQUIRED ANNUAL ESTIMATED TAX FOR THE ESTATE OR TRUST.

Enter the smaller of Line 25 or 27. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 28.

NOTE: If Line 28 is less than $246, the estate or trust generally does not have to make estimated tax payments.

CAUTION: If Line 28 is less than $246, the estate or trust may still be subject to estimated underpayment penalties if the estate or

trust’s tax liability for 2017 after payments and credits is more than $246. If the estate or trust has unexpected income or income

grows to an amount in excess of $8,000 with no payments or credits being scheduled for the tax year, the estate or trust should

immediately file an amended declaration and make estimated tax payments accordingly.

NOTE. The department will apply the credit from the 2016 PA-41 form as of the due date of the 2016 PA-41 form. If the 2016

credit is greater than the first 2017 installment payment, it is not necessary to file the first estimated form. The department does

not require a 2017 estimated form until you must make a PA PIT estimated installment payment on behalf of the estate or trust.

PART B. 2017 AMENDED PA ESTIMATED TAX SCHEDULE (USE IF ESTIMATED TAX CHANGES DURING THE YEAR)

1. Amended estimated tax. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1.

2. Amount of 2016 overpayment applied to 2017 estimated tax and payments to date. . . . . . . . . . . . . . 2.

3. Estimated tax payments to date. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3.

4. Total (add Lines 2 and 3). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4.

5. Unpaid balance (subtract Line 4 from Line 1). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 5.

PART C. 2017 RECORD OF ESTIMATED TAX PAYMENTS

Payment

(d) Total amount paid and

(a) Date

(b) Amount

number

credit applied

credited [add (b) and (c)]

Total

07 PDR 105021

Form Rev-414 - Individuals Worksheet - Pa Department Of Revenue Page 4

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