2011 Maine Minimum Tax Worksheet (Line 3a) printable pdf download

Attachment

2011 MAINE MINIMUM TAX WORKSHEET

Sequence No.

Use this Worksheet to complete:

Form 1040ME, Schedule A, Line 3a – Enclose a copy of your 2011 federal Form 6251

*1102124*

Name(s) as shown on Form 1040ME

Your Social Security Number

New for 2012. For tax years beginning on or after January 1, 2012, the Maine minimum tax is repealed for non-corporate taxpayers.

Thus, any tax year beginning in 2011 will be the last tax year individuals will be subject to the Maine minimum tax. However, any unused

Maine minimum tax credit may be claimed, subject to the Maine minimum tax credit limitations, for tax years beginning after 2011 until

exhausted.

Do you owe a 2011 Maine Minimum Tax? See the Maine Minimum Tax Worksheet Instructions to determine whether you owe a 2011

Maine minimum tax or are required to ﬁ le the 2011 Maine Minimum Tax Worksheet.

Federal alternative minimum taxable income (Federal Form 6251, line 28) ....................................................................................... 1. _________________

Modiﬁ cations (May be a positive or negative number) - See instructions .............................................................................. 2. ________________

Maine tentative alternative minimum taxable income (line 1 plus or minus line 2). If zero or less, enter zero ........................... 3. ________________

Exemption. Enter amount for your ﬁ ling status shown below: ................................................................................................. 4. ________________

If your ﬁ ling status is:

and line 3 is not over:

Enter on line 4:

Single or Head of Household ........................................... $112,500 .......................................................$33,750

Married ﬁ ling Jointly or Qualifying Widow(er) ................... $150,000 .......................................................$45,000

Married Filing Separately ................................................... $75,000 .......................................................$22,500

If line 3 is more than the amount shown above for your ﬁ ling status, see instructions.

Maine alternative minimum taxable income (subtract line 4 from line 3). If zero or less, enter zero .......................................... 5. ________________

Tentative minimum tax. See instructions ................................................................................................................................. 6. ________________

Apportionment factor. Maine residents enter 100%. Nonresident and part-year residents see instructions ...................... 7. __ __ __ . __ __%

Multiply line 6 by line 7, enter result here ................................................................................................................................... 8. ________________

Maine income tax (Form 1040ME, line 20 less line 25) ............................................................................................................. 9. ________________

10. Alternative minimum tax (Subtract line 9 from line 8). If zero or less, enter zero ..................................................................... 10. ________________

11. Credit against the Maine minimum tax for minimum tax paid to other jurisdictions (For Maine residents only).

Enter line E from Worksheet below. ....................................................................................................................................... 11. ________________

12. Maine Minimum Tax (subtract line 11 from line 10. If zero or less, enter zero. Enter result on Form 1040ME, Schedule A, line 3a) .. 12. ________________

Maine Minimum Tax — Worksheet for Line 11 above — Maine residents only

Credit Against the Maine Minimum Tax for minimum tax paid to other jurisdictions

A. Taxpayer’s Maine tentative alternative minimum taxable income (Line 3 above) ......................................................................A. ________________

B. Income included in line A above that is derived from other jurisdiction ......................................................................................B. ________________

C. Percentage of income taxed by other jurisdiction (Divide line B by line A) ................................................................................ C. __ __ __ . __ __%

D. Limitation of credit:

1. Maine alternative minimum tax (Line 10 above) multiplied by percent on line C ........................D(1). ________________

2. Minimum tax paid other jurisdiction on income taxed under the Maine minimum tax .................D(2). ________________

E. Allowable credit, the lesser of lines D(1) or D(2). Enter here and on line 11 above ..................................................................E. ________________

2011 MAINE MINIMUM TAX CREDIT AND CARRYFORWARD TO 2012

Worksheet for Form 1040ME, Schedule A, Line 15

Enclose a copy of 2011 federal Form 8801

13. Enter the amount from the 2010 Maine Form 1040ME, Schedule A, line 3c ........................................................................... 13. ________________

14. Minimum tax credit carryforward from 2010 (2010 Maine Minimum Tax Worksheet, line 21) .................................................. 14. ________________

15. Enter 2010 net state minimum tax on federal exclusion items – From the worksheet for this line .......................................... 15. ________________

16. 2010 adjusted net state minimum tax (Line 13 plus line 14 minus line 15 – if zero or less, enter zero) .................................. 16. ________________

17. Enter 2011 Maine income tax liability (2011 Form 1040ME, line 20 plus line 21 [except minimum tax] minus line 22

minus line 24 [except minimum tax credit] minus line 25) ........................................................................................................ 17. ________________

18. Enter 2011 Maine tentative minimum tax (Line 8 above) ......................................................................................................... 18. ________________

19. Subtract line 18 from line 17 (If zero or less, enter zero) ......................................................................................................... 19. ________________

20. Maine minimum tax credit: Enter the lesser of line 16 or 19 here and on Form 1040ME, Schedule A, line 15 .................... 20. ________________

21. Maine minimum tax credit carryforward to 2012 (Subtract line 20 from line 16) ................................................................. 21. ________________

NOTE: If you have a Maine minimum tax credit carryforward to 2012, keep a copy of the worksheet to submit with

your 2012 Maine individual income tax return.