Form 1041me-General Instructions (Page 2 of 4) in pdf

PAYMENT OF ESTIMATED TAX

THIRD PARTY DESIGNEE

Estates and trusts subject to Maine income tax are required to make

You may designate a third party to discuss your return with Maine

Revenue Services by checking the “Yes” box on page 1 of Form 1041ME.

installment payments of estimated tax if the estimated tax liability is

$1,000 or more or an unusual event has occurred. Generally, payments

Also enter the person’s name, phone number, and any 5-digit number the

must be made in four equal installments due April 15, June 15,

person chooses as their personal identiﬁ cation number (PIN). Checking

the “Yes” box will enable Maine Revenue Services to call the person

September 15, and January 15. Payments can be made electronically

using Maine EZ Pay (no forms required) at

you have chosen if there are any questions or if additional information is

download Form 1041ES-ME (and the instructions for Form 1040ES-ME)

needed to process your return.

/forms

or call (207) 624-7894 to order the

SIGNATURE

forms.

Any person who prepares a taxpayer’s return for compensation

Note: Maine’s estate/trust estimated tax ﬁ ling requirements differ

must also sign and enter his or her social security number or PTIN as

from federal requirements in that Maine 1041 estimate payments

assigned by the IRS. If the return is prepared by a ﬁ rm or corporation,

must be made after the ﬁ rst year ﬁ ling. 36 M.R.S.A. § 5228.

the federal identiﬁ cation number of the ﬁ rm must also be listed.

TAXPAYER ASSISTANCE and FORMS

Visit

to learn the status of your

NexTalk (hearing-impaired only): 711 Weekdays 8:00 a.m.-

refund, obtain the latest tax updates, frequently asked questions

4:30 p.m.

(FAQ), electronic tax assistance, download Maine tax forms

Collection problems and payment plans:

(207) 621-4300

and instructions, pay your tax or email tax-related questions.

Weekdays 8:00 a.m.- 5:00 p.m. Call this number if you have

To order forms: Download forms from the Maine Revenue

a tax balance due currently being collected by Maine Revenue

Services web site at

/forms

or call

Services that you would like to resolve.

(207) 624-7894

- Every day 24 Hours.

Tax violations hot line:

(207) 624-9600

Call this number or send

Assistance to help you with your tax questions:

(207) 626-

an email to

compliance.tax@maine.gov

to report possible tax

8480

- Weekdays 8:00 a.m.- 5:00 p.m. or send an email to

estate.

violations including failure to ﬁ le tax returns, failure to report all

tax@maine.gov

or write to Maine Revenue Services, PO Box

income and failure to register for tax ﬁ ling.

1060, Augusta, ME 04332-1060.

SPECIFIC INSTRUCTIONS

(Please show negative income amounts on your form by placing a minus sign in the box to the left of the amount.)

Nonresident estates and trusts and resident estates and trusts with nonresident or “safe harbor” resident beneﬁ ciaries, see the instructions for Schedule NR).

Line 1. Federal Taxable Income - resident estates and trusts

taxes actually paid for 2012 and any 2011 credit carried forward. See general

only. Enter the amount of taxable income shown on federal Form 1041, the

instructions above for further explanation of estimated payments. Also enter

amount of unrelated business taxable income from federal Form 990-T and

any extension payment made for this return.

the taxable income of the S corporation portion of Electing Small Business

The Real Estate Withholding (REW) payments made on behalf of a Trust

Trusts (ESBT) (if applicable).

on the sale of Maine property where the gain or loss is distributed amoung

Line 2. Fiduciary Adjustment - resident estates and trusts only.

beneﬁ ciaries must be split amount beneﬁ ciaries based on each beneﬁ ciary’s

The ﬁ duciary adjustment is determined on Schedule 1 and allocated in

portion of the Distributable Net Income. Each beneﬁ ciary must ﬁ le a Maine

accordance with Schedule 2 on page 2 of Form 1041ME. If any of the

individual income tax return and apply their portion of the REW payment

income adjustments apply, complete these schedules before proceeding

against their individual income tax liability on the Maine return.

with page 1 of Form 1041ME. Detailed instructions for the schedules follow.

Nonresident estates or trusts enter on this line amounts withheld in

2012 on the sale of real estate in Maine. Enclose a copy of Form REW-1

Line 4. Maine Income Tax. Compute the tax on the amount shown on

or Form 1099ME to support your entry.

line 3 by using the following table:

Line 8. Tax Balance Due. Any balance of tax liability should be paid

in full with the return. Remit your payment using Maine EZ Pay at

www.

TAX TABLE

maine.gov/revenue

or mail a check payable to Treasurer, State of Maine

I f the taxable income is:

The tax is:

with the return. Please write the federal estate or trust name, address and

Less than $5,100

2.0% of the taxable income

phone number on the check.

$5,100 but less than $10,150

$102

plus 4.5% of excess over $5,100

If the amount owed (line 6 minus line 7a) is $1,000 or more, complete

$10,150 but less than $20,350

$329

plus 7.0% of excess over $10,150

$20,350 or more

$1,043 plus 8.5% of excess over $20,350

Form 2210ME and attach it to the return. If Form 2210ME shows a penalty

amount due, enter it on line 8b and submit payment for the entire balance.

This tax rate schedule is effective for tax years beginning in 2012.

Line 10a. Amount of Line 9 You Want Credited. Use this block only

if electing to have all or a portion of the overpayment on line 9 credited to

Line 7a. Maine Income Tax Withheld. Enter the total amount of Maine

next year’s estimated tax.

income tax withheld. Enclose (do not staple or tape) supporting W-2 and

1099 forms. Only send 1099 forms if there is State of Maine income tax

Amount of refund directly deposited to a checking account. You

withheld shown on them, unless otherwise required to send as supporting

may have the refund directly deposited into a checking account if it

documentation for another schedule or worksheet. Legible photocopies of

is $10,000 or less. To comply with banking rules, check the box to

your W-2 forms and 1099 forms on 8 1/2 by 11 inch paper are preferred.

the left of line 10d if the refund is going to an account outside the

Also include on this line the amount from the worksheet for Rehabilitation

United States. If the box is checked, we will mail a paper check.

of Historic Properties Tax Credit, line 6.

On line 10c, enter the 9-digit routing transit number (RTN). The

RTN must begin with 01 through 12 or 21 through 32. If it does not,

Line 7b. 2012 Estimated Tax Payments, 2011 Overpayment Carried

the direct deposit will be rejected and a refund check will be sent

Forward and Extension Payments. Enter the total amount of estimated

Form 1041me-General Instructions Page 2

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