This document contains official instructions for Form 541-ES , Estimated Tax for Fiduciaries - a form released and collected by the California Franchise Tax Board. An up-to-date fillable Form 541-ES is available for download through this link.
Q: What is Form 541-ES?
A: Form 541-ES is the form used to make estimated tax payments for fiduciaries in California.
Q: Who needs to file Form 541-ES?
A: Fiduciaries in California who expect to owe $500 or more in tax for the year must file Form 541-ES.
Q: What are estimated tax payments?
A: Estimated tax payments are periodic payments made by taxpayers to account for their tax liability throughout the year.
Q: When are Form 541-ES payments due?
A: Form 541-ES payments are due on the 15th day of the 4th, 6th, 9th, and 12th months of the fiscal year.
Q: How can I make Form 541-ES payments?
A: You can make Form 541-ES payments electronically or by sending a check or money order with your completed form.
Q: What happens if I don't make estimated tax payments?
A: If you don't make estimated tax payments or pay enough tax during the year, you may owe penalties and interest on the underpayment.
Instruction Details:
Download your copy of the instructions by clicking the link below or browse hundreds of other forms in our library of forms released by the California Franchise Tax Board.