Form Est-I - Underpayment Of Estimated Tax By Individuals, Estates And Trusts - 2014 Page 3
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Form EST-I, Page 3
SSN
FEIN
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-
-
-
X X X X X X X X X
X X X X X X X X X
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Part IV. Annualized Income Installment Method Worksheet. Complete lines 29 through 53 only if computing installments using
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annualized income installment method.
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Complete each column beginning with Column A through line 53 before completing the next column.
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B
A
C
D
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Estates and trusts, do not use the period ending dates shown to
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1/1/14 to
1/1/14 to
1/1/14 to
1/1/14 to
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the right. Instead, use the following: 2/28/14, 4/30/14, 7/31/14
8/31/14
3/31/14
5/31/14
12/31/14
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and 11/30/14.
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29. Montana adjusted gross income for the period. (Estates and
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trusts, enter your taxable income without your exemption for
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each period.)........................................................................... 29.
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30. Annualization amounts. Estates and trusts, do not use the
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amounts shown in columns (a)–(d). Instead, use 6, 3, 1.71429
2.4
1.5
4
1
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and 1.09091, respectively, as the annualization amounts ...... 30.
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31. Annualized income. Multiply line 29 by line 30 ....................... 31.
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32. *Enter your itemized deductions for the period shown. (Estates
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and trusts, enter -0-; skip to line 37, and enter the amount from
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line 31 on line 37.) .................................................................. 32.
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33. Annualization amounts ........................................................... 33.
2.4
1.5
4
1
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34. Multiply line 32 by line 33 ....................................................... 34.
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35. **Enter the full amount of your standard deduction ................ 35.
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36. Enter the larger of line 34 or line 35 ....................................... 36.
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37. subtract line 36 from line 31 ................................................... 37.
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38. Multiply $2,330 by number of exemptions. (Estates and trusts
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enter the exemption amount shown on your tax return.) ........ 38.
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39. Subtract line 38 from line 37 ................................................... 39.
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40. Figure the tax on the amount on line 39 using the tax
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table on page 2 ....................................................................... 40.
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41. If you have net capital gains included in your Montana
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adjusted gross income on line 29, multiply the net capital
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gains amount by 2% (0.02) and enter the result of your capital
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gains credit here ..................................................................... 41.
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42. Subtract line 41 from line 40 and enter the result here........... 42.
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43. Enter nonrefundable tax credits for each period..................... 43.
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44. subtract line 43 from line 42 ................................................... 44.
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45. Applicable percentage ............................................................ 45.
22.5%
67.5%
45%
90%
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46. Multiply line 44 by line 45 ....................................................... 46.
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47. Add the amounts in all preceding columns of line 53 ............. 47.
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48. Subtract line 47 from line 46. If less than zero, enter zero ..... 48.
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49. Divide line 6, Part I of this form, by four (4) and enter the
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result in each column.............................................................. 49.
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50. Enter the amount from line 52 of the preceding column of
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this worksheet......................................................................... 50.
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51. Add lines 49 and 50 and enter the result ................................ 51.
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52. If line 51 is more than line 48, subtract line 48 from line 51;
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otherwise, enter zero .............................................................. 52.
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53. Enter the smaller of line 48 or line 51 here and on line 14 of
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Part III ..................................................................................... 53.
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* If you do not itemize deductions, enter zero.
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** The standard deduction is 20% (0.20) of line 31, subject to the following limitations:
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•
Single or separate - no less than $1,940, no more than $4,370
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•
Married or head of household - no less than $3,880, no more than $8,740
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