Form Ct-1041es - Estimated Connecticut Income Tax Payment Coupon For Trusts And Estates - 2015

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Department of Revenue Services
Form CT-1041ES
State of Connecticut
2015 Estimated Connecticut Income Tax Payment Coupon for Trusts and Estates
(Rev. 01/15)
Complete this form in blue or black ink only.
through 679, inclusive, as owned by the decedent and will receive the
residue of the decedent’s estate under the will; or
Who Should File Th is Coupon: Use this coupon if you must make estimated
income tax payments for 2015.
• If no will is admitted to probate, the trust is primarily responsible for
paying debts, taxes, and expenses of administration.
Nonresident Trusts and Estates and Part-Year Resident Trusts: Nonresident
trusts and estates are subject to Connecticut income tax on their
When to File: Estimated payments for the 2015 taxable year are due April
Connecticut-sourced income. Part-year resident trusts are taxed
15, June 15, September 15, 2015, and January 15, 2016. Fiscal year
fi lers should follow federal fi ling due dates. If the due date falls on a
on all income received while a resident trust of Connecticut and on
income received from Connecticut sources while a nonresident trust.
Saturday, Sunday, or legal holiday, the next business day is the due date.
Connecticut-sourced income includes but is not limited to income from a
An estimate is considered timely fi led if received or if the date shown by
business, profession, occupation, or trade conducted in this state as well
the U.S. Postal Service cancellation mark is on or before the due date.
as income from the rental or sale of real or tangible property located in
Your return will meet the timely fi led and timely payment rules if the
Connecticut.
U.S. Postal Service cancellation date, or the date recorded or marked
by a designated private delivery service (PDS) using a designated type
Who Must Make Estimated Payments: In most cases, a payment of
of service, is on or before the due date. Not all services provided by
estimated income tax is required if your Connecticut income tax (after tax
these designated PDSs qualify. This list is subject to change. See Policy
credit) minus Connecticut tax withheld is $1,000 or more and you expect
Statement 2012(2), Designated Private Delivery Services and Designated
your Connecticut income tax withheld to be less than your required
Types of Service.
annual payment.
The required annual payment is the lesser of:
How Much Should I Pay: Complete the 2015 Estimated Connecticut
Income Tax Worksheet on the back to calculate your required annual
• 90% of the income tax shown on the 2015 Connecticut income tax
payment.
return; or
Estimated Payment Rules for Farmers or Fishermen: If the trust or estate
• 100% of the income tax shown on the 2014 Connecticut income tax
had income from farming or fi shing as provided in IRC §6654(i)(2),
return if the fi duciary fi led a 2014 Connecticut income tax return that
covered a 12-month period.
the required installment is the lesser of 66⅔ of the Connecticut income
tax shown on the 2015 Form CT-1041 return or 100% of the Connecticut
The fi duciary does not have to make estimated income tax payments if:
income tax shown on the 2014 Form CT-1041 if a 2014 Form CT-1041
• The trust or estate was a resident trust or estate during the 2014 taxable
was fi led and it covered a 12-month period.
year and did not fi le a 2014 Connecticut income tax return because the
If the trust or estate is required to make 2015 estimated income tax
trust or estate had no Connecticut income tax liability; or
payments, you must do one of the following:
• The estate or trust was a nonresident estate or nonresident or part-year
• Pay the required installment on or before January 15, 2016; or
resident trust with Connecticut-sourced income during the 2014 taxable
year and did not fi le a 2014 Connecticut income tax return because the
• File Form CT-1041 for 2015 on or before March 1, 2016, and pay the
estate or trust had no Connecticut income tax liability.
full amount computed on the return. In this case, do not make estimated
tax payments for 2015.
If a nonresident estate or trust or part-year resident trust did not have
Connecticut-sourced income in 2014, the fi duciary must use 90% of the
See Informational Publication 2010(16), Farmer’s Guide to Sales and
income tax shown on the 2015 Connecticut income tax return as the
Use Taxes, Motor Vehicles Fuels Tax, Estimated Income Tax, and
required annual payment.
Withholding Tax, or Informational Publication 2009(14), Fisherman’s Guide
to Sales and Use Tax and Estimated Income Tax.
Except as provided below, a trust created in 2015 must use 90% of the
income tax shown on the 2015 Form CT-1041, Connecticut Income Tax
Annualized Income Installment Method: If the income from the trust or
Return for Trust and Estates, as the required annual payment.
estate varies throughout the year, using the annualized income installment
method may help you reduce or eliminate the amount of the estimated
Exceptions
tax payment for one or more periods. See Informational Publication
Decedent’s Estates: For any taxable year ending before the date that is two
2013(13), A Guide to Calculating Your Annualized Estimated Income Tax
years after a decedent’s death, the decedent’s estate is not required to
Installments and Worksheet CT-1040 AES.
make estimated payments and no underpayment interest will be charged.
Interest: If enough tax is not paid through withholding or estimated
Certain Grantor Trusts: For any taxable year ending before the date that
payments, or both, by any installment due date, the trust or estate will
is two years after a decedent’s death, a trust is not required to make
be charged interest even if a refund is due when you fi le the tax return.
estimated payments and no underpayment interest will be charged if:
Interest is computed separately for each installment. Therefore, you may
• The trust was created under Internal Revenue Code (IRC) §§671
Completing the Payment Coupon
Complete the attached payment coupons. Be sure to enter all the required taxpayer identifi cation information. Enter the payment amount on Line 1 of this
coupon. In determining your payment amount, you may subtract from your installment amount any available overpayment of 2014 income tax.
cut here
Estimated Connecticut Income Tax Payment for Trusts and Estates
2015
(Rev. 01/15)
CT-1041ES
Complete this form in blue or black ink only.
Payment
For taxable year ending
Federal Employer Identifi cation Number (FEIN)
4
___
___
___
___
___
___
___
___
___
Name of trust or estate
DRS use only
20
Name and title of fi duciary
1. Payment amount
00
Address (number and street)
PO Box
• See instructions for fi ling requirements. Print all
information.
City or town, state, and ZIP code
• DRS may submit your check to your bank
electronically.
• Make check payable to Commissioner of Revenue
Send completed coupon and payment to:
Services.
Department of Revenue Services
• Write the FEIN of the trust or estate and
State of Connecticut
“2015 Form CT-1041ES” on the check. If you do not
PO Box 2934
have an FEIN, see Page 13 of the 2014 instruction
Hartford CT 06104-2934
booklet for Form CT-1041.

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