Form It 1041es - Ohio Estimated Income Tax Payment Coupon For Estates And Trusts - 2011 Page 3

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IT 1041ES
Rev. 11/10
Fiduciary Income Tax 2011 Estimated Worksheet – DO NOT FILE
This worksheet is based upon actual income for the entire year. If you prefer to use the “annualization method,” you will
need to modify this form accordingly (use the same periods of time that you would use for computing federal taxable income
under the annualization method). If you prefer to use the “last year’s tax method,” skip lines 1 through 11 and enter on line
12 of this worksheet 100% of the amount shown on line 11 of your Ohio form IT 1041 for the taxable year beginning in 2010.
00
1. Federal taxable income (from line 22 of IRS form 1041) ......................................................
1.
00
2. Net adjustments from Schedule A .........................................................................................
2.
00
3. Ohio taxable income (line 1 plus or minus line 2). Estates: Skip lines 4, 5 and 6 .................
3.
00
4.
4. Allocated qualifying trust amount (see Schedule F of Ohio form IT 1041) ............................
00
5. Apportioned trust income (see Schedule G of Ohio form IT 1041) .......................................
5.
00
6. Allocated trust income (see Schedule H of Ohio form IT 1041) ............................................
6.
00
7. Modifi ed Ohio taxable income (trusts add lines 4, 5 and 6) ..................................................
7.
8. Tax on Ohio taxable income (estates, line 3) or modifi ed Ohio taxable income (trusts,
00
line 7). See tax tables below .................................................................................................
8.
00
9. Credits for estates (see Schedule B of Ohio form IT 1041) ..................................................
9.
10. Resident credit, nonresident credit and business credits (see Schedules C, D and I of Ohio
00
form IT 1041 and Schedule E) ..............................................................................................
10.
00
11. Tax after credits (line 8 minus the amount on lines 9 and 10) ...............................................
11.
00
12. 90% of line 11 or 100% of the previous year’s tax.................................................................
12.
00
13. Withholding payments ...........................................................................................................
13.
00
14. Refundable business credits .................................................................................................
14.
00
15. Total of withholding and refundable business credits ............................................................
15.
00
16. Line 12 less line 15 ................................................................................................................
16.
00
17. Multiply line 16 by 25%. This is the amount of each estimate ...............................................
17.
Ohio Tax Table for Use With the 2011 Ohio Estimated Worksheet
The rates listed below are established by Ohio Revised Code section (R.C.) 5747.02.
Each bracket will be adjusted for infl ation in July 2011, per R.C. section 5747.02.
Ohio Taxable Income
2011 Estimated Tax
$
5,050
or less
0.587%
of Ohio taxable income
More than
$
5,050
but not more than
$ 10,100
$
29.64
plus
1.174%
of the amount in excess of $
5,050
More than
$ 10,100
but not more than
$ 15,150
$
88.93
plus
2.348%
of the amount in excess of $ 10,100
More than
$ 15,150
but not more than
$ 20,200
$ 207.50
plus
2.935%
of the amount in excess of $ 15,150
More than
$ 20,200
but not more than
$ 40,350
$ 355.72
plus
3.521%
of the amount in excess of $ 20,200
More than
$ 40,350
but not more than
$ 80,700
$1,065.20
plus
4.109%
of the amount in excess of $ 40,350
More than
$ 80,700
but not more than
$100,900
$2,723.19
plus
4.695%
of the amount in excess of $ 80,700
More than
$100,900
but not more than
$201,800
$3,671.58
plus
5.451%
of the amount in excess of $100,900
More than
$201,800
$9,171.63
plus
5.925%
of the amount in excess of $201,800

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