Form 504up - Underpayment Of Estimated Maryland Income Tax By Fiduciaries - 2012 Page 2
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3UNDERPAYMENT OF ESTIMATED
FORM
PAGE 2
504UP
MARYLAND INCOME TAX
BY FIDUCIARIES
2012
ANNUALIZED INCOME INSTALLMENT METHOD
NOTE: COMPLETE LINES 16-32 OF ONE COLUMN BEFORE GOING TO THE NEXT COLUMN
INCOME PERIODS
Jan. 1 to
Jan. 1 to
Jan.1 to
Jan. 1 to
Feb. 28
Apr. 30
July 31
Nov. 30
16. Taxable income without exemption for each period . . . . . . . .
6
3
1.71429
1.09091
17. Annualization factor . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
18. Annualized income (Multiply line 16 by line 17) . . . . . . . . . .
19. Exemption (Personal representatives enter $600, all other
fiduciaries enter $200) . . . . . . . . . . . . . . . . . . . . . . . . . . .
20. Annualized taxable income (Subtract line 19
from line 18) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
21. Compute the tax on the amount from line 20
(See instructions) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
22. Credits and tax developed on tax preference items
(See instructions) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
23. Total tax after credits (Subtract line 22 from line 21).
If less than zero, enter zero . . . . . . . . . . . . . . . . . . . . . . . .
22.5%
45%
67.5%
90%
24. Applicable percentage . . . . . . . . . . . . . . . . . . . . . . . . . . . .
(.225)
(.45)
(.675)
(.9)
25. Annualized tax (year to date amount)
(Multiply line 23 by line 24) . . . . . . . . . . . . . . . . . . . . . . . .
26. Add the amounts from line 32 in all preceding columns . . . . .
27. Subtract line 26 from line 25. If less than zero, enter zero . . .
28. Enter 1/4 of line 9 from page 1 in each column . . . . . . . . . .
29. Enter amount from line 31 of the preceding column . . . . . . .
30. Add line 28 and line 29 and enter total . . . . . . . . . . . . . . . .
31. Subtract line 27 from line 30. If less than zero, enter zero . . .
32. Enter the smaller of line 27 or line 30 here and the . . . . . . .
cumulative amounts on line 10 of page 1. (See instructions)
COM/RAD-302
12-49
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