Form Fid-3 - Montana Income Tax Return For Estates And Trusts - 2014 Page 2

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Form FID-3, Page 2 – 2014
FEIN
25 Montana taxable income from line 24. ...................................................................................................................................... 25
00
26 Tax from the tax table. If line 25 is zero or less, enter zero ...................................................................................................... 26
00
27 2% capital gains tax credit on undistributed capital gains from Schedule E, line 4 .................................................................. 27
00
28 Subtract line 27 from line 26. If zero or less, enter zero. Resident tax after capital gains tax credit. .................................. 28
00
28a Nonresident, resident part-year tax after capital gains credit from Schedule F, line 17, but not less than zero ..................... 28a
00
29 Tax on lump sum distributions .................................................................................................................................................. 29
00
30 Add line 28 or 28a and line 29. Total tax. ................................................................................................................................ 30
00
00
31 Credit for taxes paid to other states or countries (see instructions on page 21) ...................................................................... 31
32 Other nonrefundable credits. List credit form(s)
___________________________________________________________
32
00
33 Add lines 31 and 32. Total nonrefundable credits. ................................................................................................................ 33
00
34 Subtract line 33 from line 30. If zero or less, enter zero ........................................................................................................... 34
00
35 Endowment credit recapture tax ............................................................................................................................................... 35
00
36 Add lines 34, 35 and the ESBT tax liability from Schedule G, line 12. Tax liability. ................................................................ 36
00
37a Total Montana income tax withheld. Include federal Form(s) W-2 and 1099 ................................. 37a
00
37b Montana income tax withheld allocated to beneficiaries ............................................................... 37b
00
37
Subtract line 37b from 37a. Montana income tax withheld allocable to the estate or trust. ............................................. 37
00
38a Total Montana pass-through entity withholding. Include Montana Schedule K-1 .......................... 38a
00
38b Montana pass-through entity withholding allocated to beneficiaries ............................................. 38b
00
38 Subtract line 38b from 38a. Montana pass-through entity withholding allocable to the estate or trust. .......................... 38
00
39a Total Montana mineral royalty tax withheld. Include federal Form(s) 1099 and supporting
schedule if any ............................................................................................................................... 39a
00
39b Mineral royalty tax withheld allocated to beneficiaries ................................................................... 39b
00
39 Subtract line 39b from 39a. Mineral royalty tax withheld allocable to the estate or trust. ................................................. 39
00
40 2014 estimated tax payments and amount applied from the 2013 return ................................................................................ 40
00
41 2014 extension payments from Form EXT-FID-14 ................................................................................................................... 41
00
42 Refundable credits. List credit form(s)
__________________________________________________________________
42
00
43 Add lines 37 through 42. Total payments and refundable credits. ....................................................................................... 43
00
44 If line 36 is greater than line 43, subtract line 43 from line 36. Tax due. .................................................................................. 44
00
45 If line 43 is greater than line 36, subtract line 36 from line 43. Tax overpaid. ......................................................................... 45
00
46 Interest on underpayment of estimated taxes (see instructions on page 5) ............................................................................. 46
00
47 Late file, late payment penalties and interest (see instructions and table on page 5) .............................................................. 47
00
48 Other penalties (see instructions on page 6) ............................................................................................................................ 48
00
49 Add the amounts on lines 46 through 48. Total penalties and interest. ................................................................................ 49
00
Continue to page 3 for the calculation of the amount the entity owes or its refund.
2014 Montana Fiduciary Income Tax Table
If Your Taxable
But Not
Multiply
And
This Is
If Your Taxable
But Not
Multiply
And
This Is
Income Is More
More Than
Your Taxable
Subtract
Your Tax
Income Is More
More Than
Your Taxable
Subtract
Your Tax
Than
Income By
Than
Income By
$0
$2,800
1% (0.010)
$0
$10,300
$13,300
5% (0.050)
$257
$2,800
$5,000
2% (0.020)
$28
$13,300
$17,100
6% (0.060)
$390
$5,000
$7,600
3% (0.030)
$78
More Than $17,100
6.9% (0.069)
$544
$7,600
$10,300
4% (0.040)
$154
For example:
Taxable income $6,800 X 3% (0.030) = $204
$204 minus $78 = $126 tax
Questions? Call us toll free at (866) 859-2254 (in Helena, 444-6900) or TDD (406) 444-2830 for hearing impaired.
*14DT0201*
*14DT0201*

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