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3 NEAR FINAL DRAFT 8/1/24 3
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7 2024 Form EST, Additional Charge for Underpayment of Estimated Tax 7
8 For Trusts (Form M2), Partnerships (Form M3) and S Corporations (Form M8) 8
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10 NAME OF TRUST PARTNERSHIPS CORPORATIONX 12345678900000 123456789000000000 10
11 Name of Trust, Partnership or S corporation FEIN Minnesota Tax ID Number 11
12 Required Annual Payment 12
13 1 Minnesota tax for 2024 (from line 26 of Form M2; line 13 of Form M3; or line 14 of Form M8) . . . . . . . . . . . . . . . . . 1 12345678 13
14 14
15 2 Minnesota withholding and credits for 2024 (see instructions) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2 12345678 15
16 16
17 3 Subtract line 2 from line 1 (if result is less than $500, stop here; you do not owe an additional charge) . . . . . . . . . . . . 3 12345678 17
18 18
19 4 Multiply line 1 by 90% (0.90) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4 12345678 19
20 20
21 5 Minnesota income tax for 2023 (from line 25 of Form M2, line 13 of Form M3 or line 14 of Form M8) . 21
22 If you did not file a 2023 return or filed a 2023 return for less than a full 12-month period, skip line 5 22
23 and enter the amount from line 4 on line 6 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 5 12345678 23
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25 6 Required annual payment. Enter amount from line 4 or line 5, whichever is less . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 6 12345678 25
26 • If line 6 is less than or equal to line 2, stop here; you do not owe an additional charge. 26
27 • If line 6 is more than line 2, continue with line 7 or line 13, depending on which method you use. 27
28 28
29 Optional Short Method (see instructions to determine which method to use) 29
30 7 Estimated tax payments you made for 2024 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 7 12345678 30
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32 8 Add line 2 and line 7 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 8 12345678 32
33 9 Total underpayment for the year. Subtract line 8 from line 6 33
34 (if result is zero or less, stop here; you do not owe an additional charge) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 9 12345678 34
35 35
36 10 Multiply line 9 by 2% (0.02) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10 12345678 36
37 11 • If the amount on line 9 will be paid on or after the regular due date for filing your return, enter 0. 37
38 • If the amount was paid before the regular due date, use the following computation and 38
39 enter the result on line 11: amount on line 9 number of days paid before the regular due dateX .000137 X . . . . . . . . . . . . . . . . . . . . . . . .11. 1234567839
40 12 Additional Charge. Subtract line 11 from line 10. 40
41 Enter result here and on line 37 of Form M2, line 20 of Form M3 or line 23 of Form M8 . . . . . . . . . . . . . . . . . . . . . . 12 12345678 41
42 A B C D 42
43 Regular Method April 15, 2024 June 17, 2024 Sept. 16, 2024 Jan. 15, 2025 43
44 13 Enter 25% (0.25) of line 6 in each column . . . . . . . . . . . . . . . . . . . . . 13 12345678 12345678 12345678 12345678 44
45 45
46 14 Credits. See instructions . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 14 12345678 12345678 12345678 12345678 46
47 15 Overpayment. If line 14 is more than line 13, subtract line 13 47
48 from line 14. Enter the result here and add it 48
49 to line 14 in the next column . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 15 12345678 12345678 12345678 12345678 49
50 16 Underpayment. If line 14 is less than line 13, 50
51 subtract line 14 from line 13.. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 16 12345678 12345678 12345678 12345678 51
52 17 Enter the date of payment or the regular due date for 52
53 filing your return, whichever is earlier (see instructions) . . . . . . . . . . 17 12345678 12345678 12345678 12345678 53
54 18 Number of days between the payment due date 54
55 and the date on line 17 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 18 12345678 12345678 12345678 12345678 55
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57 1918 byline Divide 365. resultThe ais decimal . . . . . . . . . . . . . . . . . 19. 1. 23456 1. 23456 1. 23456 1. 23456 57
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59 20Multiply 19line by 5% (0.05). Enter as a decimal . . . . . . . . . . . . . . 20. .1 23456 1.23456 1. 23456 1. 23456 59
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61 21 Multiply line 20 by line 16 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 21 12345678 12345678 12345678 12345678 61
62 22 Additional Charge. Add line 21, columns A-D. 62
63 Enter result here and on line 37 of Form M2, line 20 of Form M3 or line 23 of Form M8 . . . . . . . . . . . . . . . . . . . . . . 22 12345678 63
2 4 6mustYou include this8 schedule with10 12 M3 M8.or your Form M2, 14 16 18 20 22 24 26 28 30 32 34 36 38 40 42 44 46 48 50 52 54 56 58 60 62 64 66 68 70 72 74 76 78 80 8264 84 86
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