Form It-541 - Fiduciary Income Tax Return - 2014 Page 5
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3
4
5_____________________________
LDR Account Number u
IT-541 (1/15)
Schedule C – Distributive Shares of Beneficiaries
Social Security Number, Name, and Address of each beneficiary as shown on their individual income tax return IT-540 or IT-540B
Distributive Share of
Percentage of
Social Security Number
Name, Address, City, State, ZIP
Louisiana income to
Beneficial Interest
beneficiary
a.
%
b.
%
c.
%
d.
%
e.
%
f.
%
Total
100%
Schedule D – Computation of Federal Income Tax Deduction
1
Louisiana income before federal income tax deduction
1
Adjustment to convert Louisiana net income to a federal basis:
2
Net Adjustment
2
3
Louisiana income on a federal basis - Subtract Line 2 from Line 1.
3
4
Less Louisiana income taxed at special rates
4
5
Louisiana ordinary income on a federal basis - Subtract Line 4 from Line 3.
5
6
Federal taxable income
6
7
Less federal income taxed at special rates
7
8
Federal net income - Ordinary - Subtract Line 7 from Line 6.
8
9
Ratio–Louisiana Ordinary/Federal Ordinary - Divide Line 5 by Line 8.
9
10
Ratio–Louisiana Special/Federal Special - Divide Line 4 by Line 7.
10
11
Federal income tax liability
11
12
Less federal special rates tax
12
13
Less alternative minimum tax
13
14
Federal ordinary tax - Subtract Lines 12 and 13 from Line 11.
14
15
Federal income tax attributable to Louisiana ordinary income - Multiply Line 14 by Line 9.
15
16
Federal income tax on Louisiana income taxed at special rates - Multiply Line 12 by Line 10.
16
17
Federal income tax disaster relief credits
17
Federal income tax disaster relief credits attributable to Louisiana Louisiana - Multiply
18
18
Line 17 by Line 9.
Federal income tax deduction - Add Lines 15, 16, and 18. Enter the result here and on
19
19
Form IT-541, Line 7A.
Schedule E– Summary of Estimated Tax Payments
Check Number
Date
Amount
1
First quarter estimated payment
2
Second quarter estimated payment
3
Third quarter estimated payment
4
Fourth quarter estimated payment
5
Payment made with extension request
6
Total – Add Lines 1 through 5.
1806
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