Form 1041-Es - Estimated Income Tax For Estates And Trusts - 2013

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Department of the Treasury
Internal Revenue Service
Form 1041-ES
Estimated Income Tax for Estates and Trusts
OMB No. 1545-0971
How To Figure Estimated
Section references are to the Internal
package. However, do not use the
Revenue Code unless otherwise noted.
vouchers to notify the IRS of a change of
address. If the fiduciary has moved,
Future Developments
Use the 2013 Estimated Tax Worksheet
complete Form 8822-B, Change of
Address — Business.
and 2013 Tax Rate Schedule on page 5,
For the latest information about
and the estate’s or trust’s 2012 tax
developments related to Form 1041-ES
Who Must Make Estimated
return and instructions as a guide for
and its instructions, such as legislation
Tax Payments
figuring the 2013 estimated tax.
enacted after they were published, go to
If the estate or trust receives its
Generally, a fiduciary of an estate or trust
income unevenly throughout the year, it
What’s New
must pay estimated tax if the estate or
may be able to lower or eliminate the
trust is expected to owe, after
amount of its required estimated tax
Income tax brackets. Beginning in
subtracting its withholding and credits,
payment for one or more periods by
2013, the top income tax bracket for
at least $1,000 in tax for 2013 and can
using the annualized income installment
estates and trusts is 39.6%, as amended
expect its withholding and credits to be
method. See Pub. 505, Tax Withholding
by the American Taxpayer Relief Act of
less than the smaller of:
and Estimated Tax, for details.
2012 (ATRA), P.L. 112-240.
1. 90% of the tax shown on the 2013
Net investment income tax. For taxable
Instructions for 2013
tax return, or
years beginning after December 31,
Estimated Tax Worksheet
2. The tax shown on the 2012 tax
2012, the Net Investment Income Tax
return (110% of that amount if the
(NIIT) imposes a 3.8% tax on the lesser
Line 4. Exemption
estate’s or trust’s adjusted gross income
of an estate's or trust's net investment
(AGI) on that return is more than
Decedents’ estates. A decedent’s
income or the excess of the estate's or
$150,000, and less than
of gross
estate is allowed a $600 exemption.
trust's adjusted gross income over a
income for 2012 or 2013 is from farming
specified threshold amount. The NIIT
Trusts required to distribute all
or fishing). To figure the estate’s or
does not apply to trusts where all of the
income currently. A trust whose
trust’s AGI, see the instructions for line
unexpired interests are devoted to
governing instrument requires that all
15b of Form 1041, U.S. Income Tax
charitable purposes. Consider any
income be distributed currently
Return for Estates and Trusts.
additional tax liability associated with the
is allowed a $300 exemption, even if it
NIIT when calculating the estate's or
However, if a return was not filed for
distributed amounts other than income
trust's estimated tax payments. For
2012 or that return did not cover a full 12
during the tax year.
more information on calculating the
months, item 2 does not apply.
Qualified disability trusts. A qualified
additional tax you may owe, please see
For this purpose, include household
disability trust is allowed a $3,900
the information available on http://
employment taxes when figuring the tax
shown on the tax return, but only if:
A qualified disability trust is any trust:
• The estate or trust will have federal
1. Described in 42 U.S.C. 1396p(c)(2)
income tax withheld from any income, or
(B)(iv) and established solely for the
Capital gains and qualified dividends.
• The estate or trust would be required
benefit of an individual under 65 years of
For tax year 2013, the maximum tax rate
to make estimated tax payments (to
age who is disabled, and
for long-term capital gains and qualified
avoid a penalty) even if it did not include
dividends is 20%, as amended by ATRA.
2. All of the beneficiaries of which are
household employment taxes when
The 0% and 15% rates continue to apply
determined by the Commissioner of
figuring its estimated tax.
to amounts below certain thresholds.
Social Security to have been disabled for
Exceptions. Estimated tax payments are
some part of the tax year within the
Purpose of Form
not required from:
meaning of 42 U.S.C. 1382c(a)(3).
Use this package to figure and pay
1. An estate of a domestic decedent or
A trust will not fail to meet 2 above just
estimated tax for an estate or trust.
a domestic trust that had a full 12-month
because the trust’s corpus may revert to
2012 tax year and had no tax liability for
Estimated tax is the amount of tax an
a person who is not disabled after the
that year;
estate or trust expects to owe for the
trust ceases to have any disabled
year after subtracting the amount of any
2. A decedent’s estate for any tax year
tax withheld and the amount of any
ending before the date that is 2 years
Qualified funeral trusts. No exemption
after the decedent’s death; or
is allowed to a qualified funeral trust.
This package is primarily for first-time
3. A trust that was treated as owned
All other trusts. A trust not described
filers. After the IRS receives the first
by the decedent if the trust will receive
above is allowed a $100 exemption.
payment voucher, the estate or trust will
the residue of the decedent’s estate
receive a 1041-ES package with the
Line 7. Tax
under the will (or if no will is admitted to
name, address, and employer
probate, the trust primarily responsible
Electing Alaska Native Settlement
identification number (EIN) preprinted on
for paying debts, taxes, and expenses of
Trusts. Multiply line 6 by 10% to figure
the vouchers for the next tax year. Use
administration) for any tax year ending
the amount of tax to enter on line 7,
the preprinted vouchers unless the
before the date that is 2 years after the
unless the trust is expected to have
Electronic Federal Tax Payment System
decedent’s death.
qualified dividends, a net capital gain or
(EFTPS) is used. If you, as fiduciary, did
not receive any 2013 preprinted
vouchers, use the vouchers in this
Cat. No. 63550R


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