Form Mi-1041es - Michigan Estimated Income Tax For Fiduciaries - 2012
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3Michigan Department of Treasury (Rev. 12-11)
Issued under authority of Public Act 281 of 1967.
See instructions for filing guidelines.
2012
MI-1041ES, Michigan Estimated
Income Tax for Fiduciaries
General Instructions
Where to Mail Payments
Who Must File Estimated Tax Payments
Make the check payable to “State of Michigan.” Write
Fiduciaries of an estate or trust (resident or nonresident),
generally must pay estimated tax if the estate or trust
the FEIN of the estate or trust and “2012 MI-1041ES”
on the front of the check. To ensure accurate processing of
is expected to owe more than $500 after subtracting
your return, send one check for each return type. Mail your
withholding and credits.
check with the MI-1041ES form for that installment. Do not
If the estate or trust owes more than $500, estimated
staple the check to the form.
payments may not have to be made if the estate or trust
expects the 2012 withholding to be at least:
Send your check and voucher to:
• 90 percent of the total tax for 2012, OR
Michigan Department of Treasury
• 100 percent of the total tax shown on the 2011 return,
P.O. Box 30774
OR
Lansing, MI 48909-8274
• 110 percent of the total 2011 tax if the estate or trust’s
Late Payments or Underpayments
taxable income for 2011 is more than $150,000. To
If, as a fiduciary, you fail to make required estimated
figure the estate or trust’s Federal taxable income, see
payments, pay late or underpay in any quarter, Treasury
the instructions for line XX of the U.S. Form 1041.
may charge penalty and interest. Penalty is 25 percent of
Financial institutions that act as a fiduciary for 200 or
the tax due (minimum $25) for failing to file estimated
more trusts shall submit Michigan estimated payments
payments or 10 percent (minimum $10) for failing to
on magnetic tape. Institutions acting as fiduciary for more
pay enough with your estimates or paying late. If you
than 49 and fewer than 200 trusts may make an irrevocable
pay late, you must add penalty and interest to the amount
agreement to file magnetically.
due. The interest rate is 1 percent above the prime rate
and is computed daily. The rate is adjusted on July 1 and
Exceptions:
January 1.
• Generally, no estimated tax is due if the estate or trust is
When Income Changes During the Year
due a refund or has a balance due of $500 or less.
• There is no estimated tax due on an estate or a trust that
If you are already making estimated payments for the
had no tax liability for the full 12 months preceding the
estate or trust, amend the estimate on the next installment
tax year.
voucher. Apply the increase or decrease equally over the
• Estates do not have to pay estimated tax for the first two
remaining installments. If you do not want to amend the
fourth installment voucher, you may file the 2012 income
years.
tax return before February 1, 2013, instead. If you decide
Payment Due Dates
to do this, you do not have to file the fourth installment
Fiduciaries may pay in full with the first voucher, due
voucher (due January 15, 2013).
April 17, 2012. Fiduciaries may also pay in equal
If you are not already paying estimates for the estate or
installments due on or before April 17, 2012, June 15, 2012,
trust, use the chart below to see which period the tax is due.
September 17, 2012, and January 15, 2013.
If a change occurs between September 1 and December 31
Generally, all fiduciaries of trusts must report on a calendar
that requires estimated payments, you may file the 2011
year. Report the same year that you report for federal
annual return by February 1, 2012, instead of filing an
estimated payments.
MI-1041ES.
Fiscal-year returns must be adjusted so all dates correspond
If the change occurs on
Pay on or before
with the fiscal year. The first estimate payment is due on
the 15th day of the fourth month after the fiscal year ends.
April 1 through May 31 ................ June 15, 2012
June 1 through Aug. 31 ................Sept. 17, 2012
You will not receive reminder notices; save this set of
Sept. 1 through Dec. 31 ................. Jan. 15, 2013
forms for all 2012 payments.
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