Form 1041-Es - Estimated Income Tax For Estates And Trusts - 2017 Page 2
Download a blank fillable Form 1041-Es - Estimated Income Tax For Estates And Trusts - 2017 in PDF format just by clicking the "DOWNLOAD PDF" button.
Open the file in any PDF-viewing software. Adobe Reader or any alternative for Windows or MacOS are required to access and complete fillable content.
Complete Form 1041-Es - Estimated Income Tax For Estates And Trusts - 2017 with your personal data - all interactive fields are highlighted in places where you should type, access drop-down lists or select multiple-choice options.
Some fillable PDF-files have the option of saving the completed form that contains your own data for later use or sending it out straight away.
ADVERTISEMENT
1
2
3
4
5
6
72. All of the beneficiaries of which are
Include household employment taxes
Farmers and fishermen. If at least
/
of
2
3
on line 12 if:
determined by the Commissioner of
gross income for 2016 or 2017 is from
Social Security to have been disabled for
farming or fishing, do one of the
• The estate or trust will have federal
some part of the tax year within the
following.
income tax withheld from any income, or
meaning of 42 U.S.C. 1382c(a)(3).
• Pay the total estimated tax (line 16 of
• The estate or trust would be required
A trust won't fail to meet (2) above just
the 2017 Estimated Tax Worksheet) by
to make estimated tax payments (to
because the trust’s corpus may revert to
January 16, 2018.
avoid a penalty) even if it didn't include
a person who isn't disabled after the
household employment taxes when
• File Form 1041 for 2017 by
trust ceases to have any disabled
figuring its estimated tax.
March 1, 2018, and pay the total tax
beneficiaries.
due. In this case, don't make estimated
When To Make Estimated
Qualified funeral trusts. No exemption
tax payments for 2017.
Payments
is allowed to a qualified funeral trust.
For fiscal year estates, pay the total
All other trusts. A trust not described
estimated tax by the 15th day of the 1st
Trusts. The trust may pay all of its
above is allowed a $100 exemption.
month following the close of the tax
estimated tax by April 18, 2017, or in
year, or file Form 1041 by the 1st day of
four equal installments due by the
Line 7. Tax
the 3rd month following the close of the
following dates.
Electing Alaska Native Settlement
tax year and pay the total tax due.
1st installment ............... April 18, 2017
Trusts. Multiply line 6 by 10% (0.10) to
How To Complete and Use
2nd installment ..............June 15, 2017
figure the amount of tax to enter on line
the Payment Vouchers
7, unless the trust is expected to have
3rd installment ...............Sept. 15, 2017
qualified dividends or a net capital gain
4th installment ............... Jan. 16, 2018
Each payment voucher has the date
for 2017. Use Part IV of Schedule D of
when the voucher is due for calendar
If the trust has a short tax year, see
Form 1041-N, U.S. Income Tax Return
year estates and trusts. Be sure to use
Notice 87-32, 1987-1 C.B. 477, for the
for Electing Alaska Native Settlement
the correct voucher. Complete and send
estimated tax due dates and other
Trusts, as a worksheet to figure the 2017
in the voucher only if you are making a
information.
tax on qualified dividends or net capital
payment. To complete your voucher, do
gain. See the Instructions for Form
The trust doesn't have to
the following.
1041-N at for
make the payment due on
TIP
• Enter the estate’s or trust’s name and
more information.
January 16, 2018, if it files
EIN, and the fiduciary’s name, title, and
the 2017 Form 1041 by
Line 10. Credits
address in the spaces provided on the
January 31, 2018, and pays the entire
For details on credits the estate or trust
payment voucher.
balance due with the return.
may claim, see the instructions for line 2,
• Enter in the payment box of the
Estates. If the estate has adopted a
Schedule G, Form 1041.
voucher only the amount the estate or
calendar year as its tax year, file using
trust is sending in. When making
Line 12. Other Taxes
the rules listed under Trusts above.
payments of estimated tax, be sure to
Enter any other taxes such as the
If the estate has adopted a fiscal year,
take into account any 2016 overpayment
following.
it may pay all of its estimated tax by the
that the estate or trust chose to credit
15th day of the 4th month of its 2017 tax
• For estates and trusts, the NIIT is 3.8%
against its 2017 tax, but don't include
year or in four equal installments due on
of the lesser of the estate's or trust's
the overpayment amount in this box.
the 15th day of the 4th, 6th, and 9th
undistributed net investment income or
• Enclose, but don't staple or attach, a
months of the 2017 tax year, and the 1st
the excess of the estate's or trust's
check or money order with the payment
month of the following tax year.
adjusted gross income over the dollar
voucher. Make the check or money order
amount at which the highest income tax
The estate doesn't have to
payable to “United States Treasury.”
bracket for estates and trusts begins for
make the payment due on the
Write the estate’s or trust’s EIN and
TIP
such tax year. For tax years beginning
15th day of the 1st month
“2017 Form 1041-ES” on the check or
following the close of the
after December 31, 2016, the highest
money order. Do not include any balance
income tax bracket begins at $12,500.
fiscal year if it files the 2017 Form 1041
due on the 2016 Form 1041 with the
The NIIT doesn't apply to trusts where all
by the last day of the 1st month following
check for 2017 estimated tax.
of the unexpired interests are devoted to
the close of the fiscal year, and pays the
Fill in the Record of Estimated Tax
charitable purposes.
entire balance due with the return.
Payments in the 2017 Tax Rate Schedule
• Tax from recapture of investment
If any date falls on a Saturday,
and keep them for your files.
credit, low-income housing credit,
Sunday, or legal holiday, the installment
No checks of $100 million or more
qualified electric vehicle credit, the
is due on the next business day.
accepted. The IRS can't accept a single
Indian employment credit, the new
If, after March 31, 2017, or after the
check (including a cashier's check) for
markets credit, or the credit for
last day of the 3rd month of the fiscal tax
amounts of $100,000,000 ($100 million)
employer-provided child care facilities.
year, the estate or trust has a large
or more. If you're sending $100 million or
• Tax on accumulation distribution of
enough change in income to require the
more by check, you'll need to spread the
trusts.
payment of estimated tax, figure the
payments over two or more checks with
amount of each installment by using the
• Tax figured under section 641(c) on
each check made out for an amount less
annualized income installment method,
income attributable to S corporation
than $100 million. The $100 million or
stock held by an electing small business
as explained in Pub. 505.
more amount limit does not apply to
trust. For details, see Electing Small
other methods of payment (such as
Business Trusts in the 2016 Instructions
electronic payments), so please consider
for Form 1041.
paying by means other than checks.
-2-
ADVERTISEMENT
0 votes
Related Articles
Related forms
Related Categories
Parent category: Financial