Form 1041-Es - Estimated Income Tax For Estates And Trusts - 2012 Page 2
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7Electronic Deposits
Line 10. Credits
The estate does not have to
make the payment due on the
For details on credits the estate or trust
TIP
A financial institution that has been
15th day of the 1st month
may claim, see the instructions for lines
designated as an authorized federal tax
following the close of the
2 and 3, Schedule G, Form 1041.
depositary, and acts as a fiduciary for at
fiscal year if it files the 2012 Form 1041
least 200 taxable trusts that are required
Line 12. Other Taxes
by the last day of the 1st month following
to pay estimated tax, is required to
the close of the fiscal year, and pays the
Enter any other taxes such as:
deposit the estimated tax payments
entire balance due with the return.
electronically using the Electronic
• Tax from recapture of investment
If any date falls on a Saturday,
Federal Tax Payment System (EFTPS).
credit, low-income housing credit,
Sunday, or legal holiday, the installment
qualified electric vehicle credit, the
A fiduciary that is not required to make
is due on the next business day.
Indian employment credit, the new
electronic deposits of estimated tax on
If, after March 31, 2012, or after the
markets credit, or the credit for
behalf of a trust or an estate may
last day of the 3rd month of the fiscal tax
employer-provided child care facilities.
voluntarily participate in EFTPS. To
year, the estate or trust has a large
enroll in or get more information about
• Tax on accumulation distribution of
enough change in income to require the
EFTPS, visit the EFTPS website at
trusts.
payment of estimated tax, figure the
or call 1-800-555-4477.
• Tax figured under section 641(c) on
amount of each installment by using the
Also, see Pub. 966, The Secure Way To
income attributable to S corporation
annualized income installment method,
Pay Your Federal Taxes.
stock held by an electing small business
as explained in Pub. 505.
Depositing on time. For a deposit using
trust. For details,
Farmers and fishermen. If at least
/
of
2
3
EFTPS to be on time, the deposit must
see Electing Small Business Trusts in the
gross income for 2011 or 2012 is from
be initiated by 8:00 p.m. Eastern time the
2011 Instructions for Form 1041.
farming or fishing, do one of the
day before the due date of the deposit.
Include household employment taxes
following:
on line 12 if:
Where To File
• Pay the total estimated tax (line 16 of
• The estate or trust will have federal
Mail the payment voucher to:
the Worksheet) by January 15, 2013, or
income tax withheld from any income, or
Internal Revenue Service
• File Form 1041 for 2012 by March 1,
• The estate or trust would be required
2013, and pay the total tax due. In this
P.O. Box 804526
to make estimated tax payments (to
case, do not make estimated tax
Cincinnati, OH 45280-4526
avoid a penalty) even if it did not include
payments for 2012.
Do not send the payment voucher to
household employment taxes when
For fiscal year estates, pay the total
the Internal Revenue Service Center
figuring its estimated tax.
where you file Form 1041.
estimated tax by the 15th day of the 1st
When To Make Estimated
month following the close of the tax
Only the U.S. Postal Service can
year, or file Form 1041 by the 1st day of
Payments
deliver to the above address.
the 3rd month following the close of the
Trusts. The trust may pay all of its
tax year and pay the total tax due.
Amending Estimated Tax
estimated tax by April 17, 2012, or in
Payments
How To Complete and Use
four equal installments due by the
following dates:
the Payment Vouchers
To change or amend the estate’s or
1st installment ............... April 17, 2012
trust’s estimated payments, refigure the
Each payment voucher has the date
total estimated payments due (line 16 of
2nd installment ............. June 15, 2012
when the voucher is due for calendar
the worksheet on page 5). Then use
year estates and trusts. Be sure to use
3rd installment .............. Sept. 17, 2012
Worksheet 2-9 in Pub. 505 to figure the
the correct voucher. Complete and send
4th installment .............. Jan. 15, 2013
payment due for each remaining period.
in the voucher only if you are making a
If an estimated tax payment for a
If the trust has a short tax year, see
payment. To complete your voucher:
previous period is less than 1/4 of the
Notice 87-32, 1987-1 C.B. 477, for the
• Enter the estate’s or trust’s name and
amended estimated tax, the estate or
estimated tax due dates and other
EIN, and the fiduciary’s name, title, and
trust may owe a penalty when its return
information.
address in the spaces provided on the
is filed.
The trust does not have to
payment voucher.
When a Penalty Is Applied
make the payment due on
TIP
• Enter in the payment box of the
January 15, 2013, if it files
voucher only the amount the estate or
In some cases, the estate or trust may
the 2012 Form 1041 by
trust is sending in. When making
owe a penalty when it files its return. The
January 31, 2013, and pays the entire
payments of estimated tax, be sure to
penalty is imposed on each
balance due with the return.
take into account any 2011 overpayment
underpayment for the number of days it
Estates. If the estate has adopted a
that the estate or trust chose to credit
remains unpaid. A penalty may be
calendar year as its tax year, file using
against its 2012 tax, but do not include
applied if the estate or trust did not pay
the overpayment amount in this box.
the rules listed under Trusts above.
enough estimated tax or it did not make
the payments on time or in the required
• Enclose, but do not staple or attach, a
If the estate has adopted a fiscal year,
amount. A penalty may apply even if the
check or money order with the payment
it may pay all of its estimated tax by the
estate or trust has an overpayment on its
voucher. Make the check or money order
15th day of the 4th month of its 2012 tax
tax return.
year or in four equal installments due on
payable to “United States Treasury.”
the 15th day of the 4th, 6th, and 9th
Write the estate’s or trust’s EIN and
The penalty may be waived under
months of the 2012 tax year, and the 1st
“2012 Form 1041-ES” on the check or
certain conditions. See Pub. 505 for
money order. Do not include any balance
month of the following tax year.
details.
due on the 2011 Form 1041 with the
check for 2012 estimated tax. Fill in the
Record of Estimated Tax Payments on
page 5 for your files.
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