|
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?
No Longer in Business?
If you are no longer in business, you can close your account by calling 651-556-3075.
You are subscribed to receive email updates from the Minnesota Department of Revenue. You can manage your subscriptions or unsubscribe from email updates by going to Manage Preferences.
|
