|
Reminder
A fiduciary must make quarterly estimated tax payments if the sum of these estimated taxes, less any credits allowed against the tax, is $500 or more:
- Fiduciary income tax
- Composite income tax
Quarterly estimated payments are due for calendar year filers:
- April 15
- June 15
- September 15
- January 15 of the following year
?How do I calculate my estimated payments?
The fiduciary must pay quarterly installments based on its required annual payment. The annual payment amount is equal to the lesser of either:
- The fiduciary?s total tax liability for the prior tax year
- 90% of all the taxes listed, less any credits allowed against the tax for the current tax year
How do I make my estimated tax payment?
?Need help?
|
