Form Esa - Estimated Tax Annualization Worksheet - 2011
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1
2MONTANA
ESA
2011 Estimated Tax Annualization Worksheet
Rev 08 10
First name and initial
Last name
Social security number
Spouse’s first name and initial
Spouse’s last name
Spouse’s social security number
If you use the annualized income installment method, you will have to file Form ESA. Attach Form ESA when you file your 2011 income
tax return.
Jan. 1 - Mar. 31
Jan. 1 - May 31
Jan. 1 - Aug. 31
Jan. 1 - Dec. 31
1st Period 2011
2nd Period 2011
3rd Period 2011
4th Period 2011
1. Enter your Montana adjusted gross income for each period (see
instructions). ...............................................................................1.
2. Annualization amounts. ..............................................................2.
4
2.4
1.5
1
3. Multiply line 1 by line 2 and enter results (annualized income). . 3.
4. If you itemize, enter itemized deductions for the period shown in
each column. All others enter zero, and skip to line 7. ............... 4.
5. Annualization amounts. ..............................................................5.
4
2.4
1.5
1
6. Multiply line 4 by line 5. ..............................................................6.
7. In each column, enter the full amount of your standard deduction
from page 2, Standard Deduction Worksheet. ...........................7.
8. Enter larger of line 6 or line 7. ....................................................8.
9. Subtract line 8 from line 3. ..........................................................9.
10. In each column, multiply $2,130 by the total number of
exemptions claimed. .................................................................10.
11. Subtract line 10 from line 9. ...................................................... 11.
12. Figure your tax on the amount on line 11 (see instructions). .... 12.
13. If you have net capital gains included in your Montana adjusted
gross income on line 1, multiply the net capital gains amount by
2% (0.020) and enter the result of your capital gains tax credit.. ....13.
14. Subtract line 13 from line 12. ....................................................14.
15. Enter nonrefundable tax credits for each period. ...................... 15.
16. Subtract line 15 from line 14. This is your total tax. ............... 16.
17. Applicable percentage. .............................................................17. 22.5% (0.225)
45% (0.450)
67.5% (0.675)
90% (0.900)
18. Multiply line 16 by line 17. ........................................................18.
19. Add amounts in all preceding columns of line 25. .................... 19.
20. Annualized income installment. Subtract line 19 from line 18 . If
less than zero, enter zero. ........................................................20.
21. Divide line 9 of Form ESW (Estimated Tax Annualization
Worksheet) by four (4) and enter result in each column. .......... 21.
22. Enter amount from line 24 of preceding column. ...................... 22.
23. Add lines 21 and 22. .................................................................23.
24. If line 23 is more than line 20, subtract line 20 from line 23,
otherwise enter zero. ................................................................24.
25. Enter the smaller of either line 20 or line 23. ............................25.
26. Enter estimated 2011 withholding for each period. ................... 26.
27. Enter the amount of your overpayments from the prior year. ... 27.
28. Enter the estimated amount of your refundable credits for each
period. .......................................................................................28.
29. Subtract lines 26 through 28 from line 25. This is your required
estimated tax payment for each quarter. ..............................29.
When you file your Montana income tax return electronically, you represent that you have retained all documents required as a tax record and that you
will provide a copy to the department upon request. If you file electronically, you do not need to mail this form to us unless we contact you for a copy.
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