Form Esw - Montana Individual Estimated Income Tax Worksheet - 2011 Page 2
Download a blank fillable Form Esw - Montana Individual Estimated Income Tax Worksheet - 2011 in PDF format just by clicking the "DOWNLOAD PDF" button.
Open the file in any PDF-viewing software. Adobe Reader or any alternative for Windows or MacOS are required to access and complete fillable content.
Complete Form Esw - Montana Individual Estimated Income Tax Worksheet - 2011 with your personal data - all interactive fields are highlighted in places where you should type, access drop-down lists or select multiple-choice options.
Some fillable PDF-files have the option of saving the completed form that contains your own data for later use or sending it out straight away.
ADVERTISEMENT
1
2due on the dates listed below.
2010 Montana Individual Income Tax Table
First payment
-
due April 15, 2011
If Your Taxable
Multiply
But Not
And
This Is
Income Is
Your Taxable
Second payment -
due June 15, 2011
More Than
Subtract
Your Tax
More Than
Income By
Third payment
-
due Sept 15, 2011
$0
$2,600
1% (0.010)
$0
Fourth payment
-
due Jan 15, 2012
$2,600
$4,600
2% (0.020)
$26
$4,600
$6,900
3% (0.030)
$72
If any of these installment dates fall on a weekend or a
$6,900
$9,400
4% (0.040)
$141
holiday, your payment is due on the next business day.
$9,400
$12,100
5% (0.050)
$235
If you fi le your return on a fi scal year basis, your payment
$12,100
$15,600
6% (0.060)
$356
dates are the 15th day of the fourth, sixth, and ninth months
More Than $15,600
6.9% (0.069)
$496
of the fi scal year and the fi rst month of the following fi scal
For Example: Taxable income $6,800 X 3% (0.030) = $204.
year.
$204 minus $72 = $132 Tax
I completed my estimated income tax worksheet at the
beginning of the year and did not anticipate a change
in my income throughout the year. What do I need to
Form ESW General Information
do if my income situation changes during the year?
What is the purpose of Form ESW?
If your tax situation changes during the year, you will need
The purpose of this form is to assist you in calculating
to recalculate your estimated tax payments. Your remaining
your 2011 estimated individual income tax. Estimated tax
installment payments will need to be proportionally
payments are a method used to pay tax on income that is
changed so that the balance of your estimated payments is
not subject to withholding. Examples of income that may
paid equally over the remaining installment periods.
not be subject to withholding include self-employment,
How can I determine the amount of my estimated
interest, dividends, rents, capital gains, alimony, royalties,
withholding that I will have in 2011?
etc.
You can use your 2011 paycheck or pension check stubs
Am I required to make estimated tax payments in 2011?
that you have received to date to estimate the amount of
You are required to make estimated tax payments in 2011
withholding that you may have in 2011.
if you expect to owe an income tax liability of at least
In addition, don’t forget to include in your payments any
$500 after you subtract your tax credits and withholding
2010 overpayments that are credited to 2011, any backup
payments.
withholding that may be made on your behalf from a pass-
If you are required to make estimated tax payments, these
through entity, or your estimated refundable credits, such
payments will be the smaller of:
as the elderly homeowner/renter credit.
•
100% of your 2010 Montana tax due reported on Form
I am a nonresident or part-year resident of Montana. Do
2, line 54, Form 2M, line 47 or Form 2EZ, line 15; or
I have to make estimated tax payments?
•
90% of your 2011 Montana income tax due.
As a nonresident or a part-year resident, you are required
Who is not required to make estimated tax payments?
to make estimated tax payments if you expect to owe at
You are not required to make estimated tax payments in
least $500 in Montana income tax after subtracting your
2011 if you meet one of the following criteria:
Montana withholding paid and credits that you are entitled
to.
•
Your 2011 income tax due after credits and withholding
is less than $500,
I did not make estimated tax payments in 2011 and my
•
Your 2010 tax period covered 12 months and your
income tax due is more than $500. Am I subject to any
Montana tax due was zero,
penalties and interest on my underpayment?
•
You were not required to fi le a 2010 Montana income
Yes, you are. You are required to pay your income tax
tax return,
liability throughout the year. You can make your payments
•
In 2011 you retired and were at least 62 years of age
through employer withholding, installment payments of
(This exception applies only in the year you retire and
estimated taxes, or a combination of employer withholding
for one additional year following the year of retirement),
and estimated tax payments.
or
If you did not pay in advance at least 90% of your 2011
•
You became disabled in 2011,
income tax liability (after applying your credits) or 100% of
•
At least 2/3 of your gross income is derived from
your 2010 income tax liability (after applying your credits),
farming and ranching operations or both. (Montana
you may have to pay interest on the underpayment of your
does not apply a “lookback” provision, in determining
estimated tax.
farming and ranching gross income), or
•
The taxpayer died in 2011.
Questions? Please call us toll free at (866) 859-2254 (in
Helena, 444-6900).
When are my estimated tax payments due?
When you fi le your return on a calendar year basis, you
may prepay all of your estimated taxes for 2011 by April 15,
2011, or you may pay them in four equal amounts that are
ADVERTISEMENT
0 votes
Related Articles
Related forms
Related Categories
Parent category: Financial