Form It 1041es - Ohio Estimated Income Tax Payment Coupon For Estates And Trusts - 2011 Page 2
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6IT 1041ES
Rev. 11/10
When is Ohio form IT 1041ES required to be fi led?
The estate or trust must fi le estimated tax payments and fi le Ohio form IT 1041ES if the combined estimated 2010 Ohio
taxes and credits will be more than $500. Ohio form IT 1041ES payments are due as follows:
Due Date
Cumulative Amount Due
Seventeenth day of the fourth month of the 22.5% of the current year tax due*
taxable year
Fifteenth day of the sixth month of the
45% of the current year tax due*
taxable year
Fifteenth day of the ninth month of the
67.5% of the current year tax due*
taxable year
Fifteenth day after the close of the taxable
90% of the current year tax due*
year
*In lieu of ratably paying in 90% of this year’s tax, the taxpayer may either (i) ratably pay in 100% of last year’s tax or (ii) use
the annualization method to ratably pay in 90% of the tax (use the same periods of time that you would use for computing
federal income tax due under the annualization method).
Interest Penalty
If income taxes are underpaid, the estate or trust must add an interest penalty to the taxes for the taxable year at the rate
per annum prescribed by Ohio Revised Code section (R.C.) 5703.47. See Ohio form IT/SD 2210 available on our Web site
at tax.ohio.gov.
Notes:
1. If for the taxable year beginning in 2011 the trust will distribute income attributable either to tangible personal property in
Ohio or real estate in Ohio, the trust may also be liable for the pass-through entity estimated withholding tax (Ohio form
IT 1140ES) and may be required to fi le the annual withholding tax return for pass-through entity distributive shares and
certain trust distributions (Ohio form IT 1140).
2. Estates will also have to pay school district estimated income tax (Ohio form SD 100ES) if the decedent at the time of death
was domiciled in a school district imposing the school district income tax on estates. See Ohio form SD 100E instructions
for a listing of those school districts.
3. Under Ohio law, if a due date falls on a weekend or on a legal holiday, the due date will be on the next business day.
4. Make your Ohio extension payment on year 2011 Ohio form IT 1041EXT, which is available on the department’s Web site.
5. Important: The rates shown in the Ohio tax tables are established by R.C. section 5747.02. Each bracket will be adjusted
for infl ation in July 2011, per R.C. section 5747.02.
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