Form Esw-Fid - Montana Fiduciary Estimated Income Tax Worksheet - 2015
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3MONTANA
ESW-FID
CLEAR FORM
Rev 04 14
2015 Montana Fiduciary Estimated Income Tax Worksheet
15-30-2512, MCA
Keep this worksheet for your records
This worksheet helps you calculate an estimate of your 2015 income tax liability based on the information you have
available. If your situation changes or you find out values you originally used to complete this worksheet are not
accurate, you should complete this worksheet again with the updated information and adjust your remaining payments
accordingly.
To estimate your 2015 income tax liability (which is defined as the total tax imposed by Title 15, chapter 30, MCA, less
any nonrefundable tax credits allowed under Montana law) you may use your 2014 income tax liability from Form FID-3,
line 36. If you choose this method, skip lines 1 through 10a and enter your 2014 tax liability on line 10b; otherwise begin
with line 1.
1. Enter your 2015 estimated Montana adjusted total income here ....................................................1.
2. Enter the estimated amount of your:
a. 2015 expected income distribution deduction .............................................. 2a.
b. 2015 exemption ............................................................................................2b.
2330
Add lines 2a and 2b and enter the result here ............................................................................2.
3. Subtract line 2 from line 1 and enter the result here. This is your 2015 estimated taxable income.
If the result is zero or less, stop here. You do not need to make estimated tax payments in 2015 ....3.
4. Calculate your estimated 2015 income tax:
a. Multiply the amount on line 3 using the tax table on the second page of this
form and enter the result here ...................................................................... 4a.
b. If you have net capital gains included in your estimated Montana adjusted
gross income on line 1, multiply the net capital gains amount (less the
amount of net capital gains distributed to a beneficiary) by 2% (0.02) and
enter the result here ..................................................................................... 4b.
Subtract line 4b from 4a and enter the result here. This is your 2015 estimated resident tax
after capital gains tax credit. ....................................................................................................4.
5. Enter your 2015 estimated nonrefundable single-year credits and carryover credits here .............5.
6. Subtract line 5 from line 4 and enter the result here. This is your 2015 estimated total tax after
nonrefundable credits. ..................................................................................................................6.
7. Enter your estimated 2015 recapture taxes here ............................................................................7.
8. Add lines 6 and 7 and enter the result here. This is your 2015 estimated total tax liability.
Continue to line 9 on the next page. ................................................................................................8.
(Continued on the next page)
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