Get 2012 Est, Additional Charge For Underpayment Of Estimated Tax (for Trusts, Partnerships And S

This guide provides a comprehensive overview for trusts, partnerships, and S corporations on how to fill out the 2012 EST, Additional Charge For Underpayment Of Estimated Tax form online. By following these steps, you can ensure accurate completion of the form to determine any additional charges owed for underpayment of estimated taxes.

Follow the steps to complete the 2012 EST form accurately.

1. Click ‘Get Form’ button to obtain the form and open it in the designated editor.
2. Enter the name of the trust, partnership, or S corporation as it appears in official documents.
3. Provide the federal tax ID number in the appropriate field to identify your entity.
4. Input the Minnesota tax ID number, ensuring accuracy to avoid complications.
5. Fill in the Required Annual Payment based on the calculations from lines provided in Form M2, M3, or M8.
6. Proceed to line 2 to enter the Minnesota withholding and credits for 2012 as outlined in the instructions.
7. Complete line 3 by subtracting line 2 from line 1. If the result is less than $500, you do not owe an additional charge and can stop here.
8. Continue to line 4 to multiply line 1 by 90% and enter the result.
9. For line 5, enter the Minnesota income tax for 2011 from the relevant Form M2, M3, or M8. Skip this line if you did not file a 2011 return.
10. Line 6 requires you to enter the lesser amount of line 4 or line 5. If line 6 is less than or equal to line 2, stop here.
11. If necessary, proceed to determine the additional charge using either the regular method or the short method as outlined in the form.
12. Follow the calculations required under each method to determine your underpayment and additional charge, including details provided for lines 10 through 22.
13. Review all completed sections of the form for accuracy. Once you are satisfied, you may save changes, download, print, or share the completed form.

Begin completing your 2012 EST form online now to ensure compliance and avoid any additional charges.