Schedule Est - Additional Charge For Underpayment Of Estimated Tax - 2014 Page 2
Download a blank fillable Schedule Est - Additional Charge For Underpayment Of Estimated Tax - 2014 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 Schedule Est - Additional Charge For Underpayment Of Estimated Tax - 2014 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
2
3ESTa
Annualized Income Installment Worksheet 2014
For Trusts (Form M2), Partnerships (Form M3) and S Corporations (Form M8)
Name of trust, partnership or S corporation
Federal tax ID number
Minnesota tax ID number
A
B
C
D
1/1/2014 –
1/1/2014 –
1/1/2014
1/1/2014 –
3/31/2014
5/31/2014
8/31/2014
12/31/2014
Step 1
Enter your adjusted gross income for each period.
(see instructions) (Estates and Trust, enter your
taxable income without your exemption for each
period.) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1
Step 2
Annualization Amounts
4
2.4
1.5
1
(Estates and Trust, see instructions) . . . . . . . . . . . . 2
Step 3
Multiply step 1 by step 2 . . . . . . . . . . . . . . . . . . . . . 3
Step 4
Minnesota Additions . . . . . . . . . . . . . . . . . . . . . . . 4
Step 5
Add step 4 and step 3 . . . . . . . . . . . . . . . . . . . . . . . 5
Step 6
Minnesota Subtractions . . . . . . . . . . . . . . . . . . . . 6
Step 7
Subtract step 6 from step 5 . . . . . . . . . . . . . . . . . . 7
Step 8
Figure tax for amount shown in step 7.
Deduct appropriate nonrefundable credits. . . . . . . 8
22.50%
45%
67.50%
90%
Step 9
Percentage for each period . . . . . . . . . . . . . . . . . . . 9
Step 10
Multiply step 8 by step 9 . . . . . . . . . . . . . . . . . . . . 10
Complete steps 11-17, one column at time before
moving to next column.
Step 11
Add the amounts from step 17 from all
preceding payment periods . . . . . . . . . . . . . . . . . . 11
Step 12
Subtract step 11 from step 10
(if result is zero or less, enter 0) . . . . . . . . . . . . . . 12
Step 13
Enter 25% (.25) of line 6 of
Schedule EST in each column . . . . . . . . . . . . . . . . 13
Step 14
Enter step 16 of the preceding column. . . . . . . . . 14
Step 15
Add step 13 and step 14 . . . . . . . . . . . . . . . . . . . . 15
Subtract step 12 from step 15
Step 16
(if result is zero or less, enter 0) . . . . . . . . . . . . . . 16
Step 17
Amount from step 12 or step 15,
whichever is less. Also enter this
amount on line 13 of Schedule EST . . . . . . . . . . . 17
Worksheet Instructions
Step 4
Step 1
Step 8
Determine your Minnesota Additions for
Calculate your total income for each period
Minnesota Tax rate for composite tax and
each quarter. Enter the amounts in step 4.
(column). Calculate your total income
nonresident withholding tax is 9.85%. Take
minus your adjustments to income.
the amount from step 7 and multiple it by
Step 6
9.85%. Add any minimum fee amount and/
Step 2
Determine your Minnesota Additions for
or any other S corporation taxes and enter
Estates and trusts do not use the amounts
each quarter. Enter the amounts in step 6.
the result in the line for step 8.
shown in columns (a) – (d). Use the fol-
lowing amounts instead: 6, 3, 1.71429, and
1.09091, respectively as the annualization
amounts.
ADVERTISEMENT
0 votes
Related Articles
Related forms
Related Categories
Parent category: Financial