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Montana Free Printable  for 2020 Montana Fiduciary Estimated Tax Annualization Worksheet

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Fiduciary Estimated Tax Annualization Worksheet
Form ESA-FID

Clear Form MONTANA ESA-FID Rev 10 17 2018 Fiduciary Estimated Tax Annualization Worksheet Name of Estate or Trust Federal Employer Identification Number A fiduciary should complete Form ESW-FID (Fiduciary Estimated Income Tax Worksheet) before beginning this worksheet. Complete one column of this worksheet before continuing to the next. Jan 1 - Mar 31 Jan 1 - May 31 Jan 1 - Aug 31 Jan 1 - Dec 31 1st Period 2018 2nd Period 2018 3rd Period 2018 4th Period 2018 4 2.4 1.5 1 2,440 2,440 2,440 2,440 22.5% (0.225) 45% (0.450) 67.5% (0.675) 1. Enter your Montana adjusted gross income for each period (see instructions).................................................... 1. 2. Enter the expected income distribution deduction for each period........................................................................ 2. 3. Subtract line 2 from line 1. If zero or less, enter zero........ 3. 4. Annualization amounts...................................................... 4. 5. Multiply line 3 by line 4 and enter results (annualized income).............................................................................. 5. 6. Exemption......................................................................... 6. 7. Subtract line 6 from line 5. If zero or less, enter zero........ 7. 8. Figure your tax on the amount on line 7 (see instructions)..... 8. 9. If the estate/trust has net capital gains included on line 3, multiply the net capital gains amount by 2% (0.020) and enter the result........................................................... 9. 10. Subtract line 9 from line 8................................................ 10. 11. Enter nonrefundable tax credits for each period............. 11. 12. Subtract line 11 from line 10. This is your total tax....... 12. 13. Applicable percentage..................................................... 13. 90% (0.900) 14. Multiply line 12 by line 13................................................ 14. 15. Add amounts in all preceding columns of line 21............ 15. 16. Annualized income installment. Subtract line 15 from line 14. If zero or less, enter zero.................................... 16. 17. Divide line 9 of Form ESW-FID by four and enter result in each column................................................................ 17. 18. Enter the amount from line 20 of the preceding column... 18. 19. Add lines 17 and 18......................................................... 19. 20. If line 19 is more than line 16, subtract line 16 from line 19, otherwise enter zero.................................................. 20. 21. Enter the smaller of either line 16 or line 19.................... 21. 22. Enter estimated 2018 withholding for each period.��������� 22. 23. Enter the amount of your overpayments from the prior year................................................................................. 23. 24. Enter the estimated amount of refundable credits for each period...................................................................... 24. 25. Subtract lines 22 through 24 from line 21. This is your required estimated tax payment for each quarter...... 25. If a fiduciary files a Montana income tax return for estates and trusts electronically, the fiduciary does not need to mail this form to us unless we ask for a copy. When a fiduciary files electronically, the fiduciary represents that an estate or trust has retained the required documents as part of its tax records and will provide them upon the department’s request. General Information on Annualizing If the income of an estate or trust fluctuates or is seasonal, a fiduciary may be able to lower the amount of one or more required estimated tax installments by annualizing the income. To see if an estate or trust can pay less for any period, first complete the Fiduciary Estimated Income Tax Worksheet (Form ESW-FID), then complete the Fiduciary Estimated Tax Annualization Worksheet (Form ESA-FID). Complete one column before continuing to the next. This worksheet annualizes the tax at the end of each period based on a reasonable estimate of income and deductions from the beginning of the tax year through the end of each period. If a fiduciary uses the annualized income worksheet for any payment due date, a fiduciary has to use it for all subsequent payment due dates. If a fiduciary uses the annualized income installment method, then include the Form ESA-FID with the estate or trust’s tax return if filing on paper. Form ESA-FID Instructions To figure the amount of each required installment, the worksheet selects the smaller of the annualized income installment or the regular installment (that has been increased by the amount saved by using the annualized income installment method in figuring any earlier installments). Line 1 For each period (column), figure the total income including adjustments to income. Include income or loss items from partnerships or S corporations for the period. Line 2 For each period (column), figure the total income distribution deduction. Line 6 To compute the tax, use the tax table below. 2018 Montana Individual Income Tax Table If Your Taxable Multiply If Your Taxable Multiply But Not And This Is But Not And This Is Income Is Your Taxable Income Is Your Taxable More Than Subtract Your Tax More Than Subtract Your Tax More Than Income By More Than Income By $0 $3,000 1% (0.010) $0 $10,800 $13,900 5% (0.050) $270 $3,000 $5,200 2% (0.020) $30 $13,900 $17,900 6% (0.060) $409 $5,200 $8,000 3% (0.030) $82 More Than $17,900 6.9% (0.069) $570 $8,000 $10,800 4% (0.040) $162 For example: Taxable income $6,800 X 3% (0.030) = $204. $204 minus $82 = $122 tax Administrative Rules of Montana: 42.17.305, 42.17.308 and 42.17.309 Questions? Please call us at (406) 444-6900.
Extracted from PDF file 2017-montana-form-esa-fid.pdf, last modified June 2013

More about the Montana Form ESA-FID Corporate Income Tax Estimated

This form is for corporations to report their fiduciary estimated tax for this year.

We last updated the Fiduciary Estimated Tax Annualization Worksheet in January 2018, and the latest form we have available is for tax year 2017. This means that we don't yet have the updated form for the current tax year. Please check this page regularly, as we will post the updated form as soon as it is released by the Montana Department of Revenue. You can print other Montana tax forms here.

Other Montana Corporate Income Tax Forms:

TaxFormFinder has an additional 78 Montana income tax forms that you may need, plus all federal income tax forms.

Form Code Form Name
Form INA-CT Affidavit of Inactivity for Corporations, Partnerships and Disregarded Entities (OBSOLETE)
Form NOL Montana Net Operating Loss
Form MSA Montana Medical Care Savings Account (DISCONTINUED)
Schedule K-1 Beneficiary's Share of Income (Loss), deductions and credits
Form FID-3 Estates and Trusts (Fiduciary) Income Tax Return

Download all MT tax forms View all 79 Montana Income Tax Forms


Form Sources:

Montana usually releases forms for the current tax year between January and April. We last updated Montana Form ESA-FID from the Department of Revenue in January 2018.

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Form ESA-FID is a Montana Corporate Income Tax form. While most taxpayers have income taxes automatically withheld every pay period by their employer, taxpayers who earn money that is not subject to withholding (such as self employed income, investment returns, etc) are often required to make estimated tax payments on a quarterly basis. Failure to make correct estimated payments can result in interest or penalties.

About the Corporate Income Tax

The IRS and most states require corporations to file an income tax return, with the exact filing requirements depending on the type of company.

Sole proprietorships or disregarded entities like LLCs are filed on Schedule C (or the state equivalent) of the owner's personal income tax return, flow-through entities like S Corporations or Partnerships are generally required to file an informational return equivilent to the IRS Form 1120S or Form 1065, and full corporations must file the equivalent of federal Form 1120 (and, unlike flow-through corporations, are often subject to a corporate tax liability).

Additional forms are available for a wide variety of specific entities and transactions including fiduciaries, nonprofits, and companies involved in other specific types of business.

Historical Past-Year Versions of Montana Form ESA-FID

We have a total of four past-year versions of Form ESA-FID in the TaxFormFinder archives, including for the previous tax year. Download past year versions of this tax form as PDFs here:



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