Form Rev-414 - Individuals Worksheet - Pa Department Of Revenue (Page 9 of 10) in pdf

REV-413(F) EX (08-16)

PA DEPARTMENT OF REVENUE

INSTRUCTIONS FOR ESTIMATING

PA FIDUCIARY INCOME TAX FOR (ESTATES AND TRUSTS ONLY)

PART 1. WHO MUST MAKE ESTIMATED TAX PAYMENTS

Part A and Part B of the REV-414(F) will help you figure the correct

amount to pay. Use the Record of Estimated Tax Payments on the

Fiduciaries of estates and trusts must make PA estimated tax

REV-414(F) to keep track of the payments made and amount of the

payments if they reasonably expect that the estate or trust will earn,

remaining payments. Use the PA-40ES Fiduciary or PA-40ESR

receive, or realize income of $8,000 ($246 in tax) for 2017, and they

reasonably expect the credits will be less than the smaller of:

(F/C); Declaration of Estimated Personal Income Tax forms, to

ensure the department properly credits the estimated tax installment

• 90 percent of the tax to be shown on the estate or trust’s 2017

payments.

tax return; or

• 100 percent of the product of multiplying the net PA taxable

PART 2. PAYMENT DUE DATES

income shown on the 2016 PA-41 return by 3.07 percent (0.0307).

Use the table below to determine the due date and the amount of

NOTE: Fiduciaries may also follow federal rules in determining the

each installment. You may pay the entire amount of your estimated

tax for the estate or trust with the first payment or pay in installments

amount of quarterly estimated payments due.

when due.

The department only requires that estates (or trusts that receive the

residue of a probate estate) make estimated payments beginning

PART 3. PA-40ES FIDUCIARY AND PA-40ESR (F/C)

with taxable years ending two or more years after the decedent's

DECLARATION OF ESTIMATED PERSONAL INCOME TAX

death.

Fiduciaries filing declarations for the first time should use the

NOTE: An estate or trust that receives its income unevenly throughout

PA-40ESR (F/C) form. Thereafter, the PA Department of Revenue

the year may be able to lower or eliminate the amount of its required

will supply preaddressed PA-40ES Fiduciary forms. Failure to

estimated tax payment for one or more periods by using the

receive department-provided forms does not relieve taxpayers from

annualized income installment method. See Annualized Income

filing and paying the tax.

Method below. When income is earned unevenly throughout the

If you do not receive the preprinted PA-40ES Fiduciary forms or they

year, complete and include with your Form PA-41, Fiduciary Income

are lost or damaged, use the PA-40ESR (F/C) form. See forms

Tax Return, Form REV-1630F, Underpayment of Estimated Tax

ordering information in Part 7.

by Fiduciaries, to determine if you owe or do not owe estimated

underpayment penalty. Fiduciaries that have taxable income of $8,000

PART 4. HOW TO COMPLETE AND USE THE DECLARATION OF

for a tax year in which estimated payments are due will be subject to

ESTIMATED PERSONAL INCOME TAX FORM

estimated underpayment penalties for all estimated payment periods

PA-40ESR (F/C)

in which an estimated payment is not made, or is underpaid, and no

Complete the name and identification information on the left-hand

exceptions are met for that period, even if the calculated annualized

side of the coupon. In the middle column, fill in the oval to indicate the

income for those periods is less than an annualized income amount

account is a fiduciary account. In the right-hand column, enter the

of $8,000. Underpayment penalties will accrue for those periods

fiscal year information, if applicable, as well as the amount of payment

until such estimated tax payments are received.

or declaration of tax (see instructions in the following paragraph for

CAUTION: Fiduciaries cannot use the prior year PA-41, Fiduciary

specific information about how to complete these lines).

Income Tax Return, tax liability as this year’s estimated tax to avoid

PA-40ES

underpayment penalty. The estimated tax rules apply to:

There is a separate PA-40ES Fiduciary form for each due date. The

• Resident estates or trusts; and

due date is in the upper right corner. Please use the PA-40ES

Fiduciary form with the correct due date. Complete and submit the

• Nonresident estates or trusts that expect to have taxable income

form only when making a payment. To complete the declaration form

from sources within Pennsylvania.

and pay the estimated tax due:

Use these instructions and the REV-414(F), Estates and Trusts

Worksheet, to determine the estimated tax. Use PA-40ES Fiduciary

• Enter the amount calculated on Line 28 of the REV-414 (F),

or PA-40ESR (F/C), Declaration of Estimated Personal Income Tax

Estates and Trusts Worksheet, in the Declaration of Estimated

forms, to declare and pay the estimated tax for the estate or trust.

Tax Block;

ANNUALIZED INCOME METHOD

And you pay the following percentages of the estimated tax by the date shown

If the estate or trust first meets the require-

ment to make estimated tax payments:

or the next business day if the due date falls on a Saturday, Sunday or holiday.

The number

of required

15th day of the

15th day of the 1st

installments is:

Fiscal year filers

Calendar year filers

4th month or

6th month or

9th month or

month of the next year

Apr. 15, 2017

Jun. 15, 2017

Sep. 15, 2017

or Jan. 15, 2018

Before the 1st day

Before March 1,

of the 3rd month of

25%

2017

the tax year

After the last day of

After Feb. 28, 2017,

the 2nd month and

before the 1st day

and before

50%

25%

of the 5th month of

May 1, 2017

the tax year

After the last day of

After April 30, 2017,

the 4th month and

before the 1st day

and before

75%

25%

of the 8th month of

Aug. 1, 2017

the tax year

After the last day of

After July 31, 2017,

the 7th month and

and before

100%

before the 1st day

Dec. 1, 2017

of the 12th month

07 PDR 105017

Form Rev-414 - Individuals Worksheet - Pa Department Of Revenue Page 9

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