Form Mi-1041es - Michigan Estimated Income Tax For Fiduciaries - 2012 Page 2
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3Worksheet Instructions
You will need the 2011 Michigan and U.S. fiduciary
income tax returns for the estate or trust for reference
(even if you haven’t completed them yet).
Estimate the estate’s or trust’s 2012 income. Michigan
uses federal taxable income of the fiduciary to figure
tax. See form MI-1041 for allowable additions and
subtractions. Enter the estimated taxable income on
line 1.
Most non-refundable credits, including the city income
tax, public contribution, community foundation, and
homeless shelter food bank credits, were eliminated for
tax year 2012. The credit for tax paid to another state
and any remaining historic preservation credit or small
business investment tax credit may be claimed in 2012.
Estimated Tax Computation Worksheet
Keep for Your Records
1. Enter estimated 2012 income subject to tax (from U.S. Form 1041) .............................. 1. ______________
2. Tax. Multiply line 1 by 4.35% (0.0435) .......................................................................... 2. ______________
3. Enter all estimated credits ................................................................................................ 3. ______________
4. Estimated tax due. Subtract line 3 from line 2 ................................................................ 4. ______________
5. Estimated payment due. Divide the amount on line 4 by 4, or by the number of estimated
vouchers to be filed (see instructions). Enter here and on each voucher ......................... 5. ______________
NOTE: Apply your 2011 overpayment to your first voucher. Any unused credit must then be applied to your second voucher
and following vouchers, until the entire credit is used.
Payment Record
1st Installment
3rd Installment
4th Installment
2nd Installment
Tax Paid
Date
Check No.
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