Massachusetts Estimated Income Tax Payment Vouchers (Corporate)

Estimated Income Tax Payment Vouchers (Corporate)
Form 2-ES
2023
Form 2-ES
Massachusetts Estimated Income Tax
General Information
What is the purpose of estimated tax payment vouchers? The
purpose of the payment vouchers is to provide a means for paying
any taxes due on income which is not subject to withholding. This is
to ensure that taxpayers are able to meet the statutory requirement
that taxes due are paid periodically as income is received during the
year.
Who must make estimated tax payments on Form 2-ES?
• Trustees or other fiduciaries that receive income taxable at the entity
level that the trustee or other fiduciary expects to owe more than $400
in taxes on for the taxable year.
• Trustees or other fiduciaries required to deduct and withhold payments under MGL ch 62, § 11A on behalf of a beneficiary of a pooled
income fund, a charitable remainder annuity trust or a charitable remainder unitrust.
• Trustees or other fiduciaries required to deduct and withhold payments under MGL ch 62, § 10(g) on behalf of a nonresident grantor
of a grantor-type trust.
• Trustees or other fiduciaries required to deduct and withhold payments under MGL ch 62, § 10(g) on behalf of a nonresident entity
beneficiary that is a trust or other entity. The Form 2-ES pre-pared by
the trustee or other fiduciary must include only the benefi-ciary’s employer identification number. The employer identification number of
the trust or estate making the payment on behalf of the nonresident
entity beneficiary must not be included. For more infor-mation, see
DOR Directive (DD) 07-4.
• Pass-through entities that elect to be taxed at the entity level under
MGL ch 63D are subject to pass-through withholding of personal income on behalf of their members. Such filings and payments should
be made in the time and manner provided in these instructions. The
estimated payment required for a member may be reduced by the
member’s PTE Excise credit. For more information, visit mass.gov/
service-details/elective-pass-through-entity-excise.
How to make estimated payments:
• Where a trustee or other fiduciary is making an estimated tax payment for income tax owed and to be reported at the entity level, file
Form 2-ES or make payments electronically on MassTaxConnect at
mass.gov/masstaxconnect or by using third party software, using such
entity’s name and FID number.
• Where the estimated tax payment is for income tax that will be reported by a beneficiary or grantor that is an individual, file Form 1-ES using
such beneficiary or grantor’s individual name and SSN.
• Where the estimated tax payment is for income tax that will be reported by a beneficiary or grantor that is not an individual, file Form
2-ES or make payments electronically on MassTaxConnect at mass.
gov/masstaxconnect or by using third party software, using such beneficiary or grantor’s entity name and FID number.

Massachusetts
Department of
Revenue

Is there an electronic payment requirement for fiduciaries?
Fiduciaries filing Form 2 with total income tax payments of $2,500
or more must make all estimated tax payments by electronic means.
This includes estimated payments, extension payments and return
payments. See TIR 21-9 for more information regarding electronic filing requirements. Fiduciaries with tax payments less than the
above cited threshold may be required to make payments electronically. Trusts not taxed at the entity level are pass-through entities and
subject to the electronic mandate rules requiring the submission of
estimated payments electronically.
Are there penalties for failing to pay estimated taxes? Yes. An
additional charge is imposed on the underpayment of any installment of estimated tax for the period of that underpayment. Use Form
M-2210F when filing your annual return to determine the amount of
any penalty due or if you qualify for the exceptions that avoid the
penalty.
Payment penalty. Generally, a taxpayer will receive a letter from the
Department for the first instance of failure to file or pay electronically
and will be penalized for any subsequent failure. If a taxpayer fails to
conform to any payment requirement, a penalty of not greater than
$100 for each improper payment shall be due. MGL ch 62C, § 33(g).
See TIR 21-9 for more information.
When and where do I file estimated tax payments? Generally,
your estimated tax must be paid in full on or before April 15, 2023,
or in equal installments on or before April 15, 2023; June 15, 2023;
September 15, 2023; and January 15, 2024. Estimated tax payments
in any amount can be made electronically on MassTax-Connect at
mass.gov/masstaxconnect or by using third-party ven-dor software.
Some taxpayers may be required to make online payments. See TIR
21-9.
If you are mailing your payment, make check or money order payable to the Commonwealth of Massachusetts. Write your Federal
Identification number in the lower left corner on your check or money
order. Send a completed voucher with each payment to ensure accurate crediting to your account. Mail vouchers to Massachusetts Department of Revenue, PO Box 419544, Boston, MA 02241-9544.
Do not mail your payment with your prior year’s annual return.
If you pay your full estimated tax with your first payment voucher, you
need not file the remaining payment vouchers unless your income
increased during the year and you need to increase your estimated
payment amount.
Are there exceptions to the due date? Whenever a due date falls
on a Saturday, Sunday or legal holiday, the filing and payment may
be made on the next succeeding business day. If your tax year is not
on a calendar year basis, enter due dates on each voucher to correspond with your fiscal year. Your due dates will be the 15th day of the
fourth, sixth and ninth months of your fiscal year and the 15th day of
your next fiscal year.

What if my tax liability changes during the year? Even though
you may not expect to owe estimated tax payments, your income or
deduction(s) may change during the year so that you will be required
to make estimated tax payments. In such case, the payment dates
are as follows: June 15, if the change occurs between April 1 and
May 31; September 15, if the change occurs between June 1 and
August 31; next January 15, if the change occurs after August 31.
Use the enclosed Amended Computation Worksheet if, during the
year, you find that your estimated tax is substantially increased or
decreased. The estimated tax may be paid in full at the time of filing
your first payment voucher or in equal installments on the remaining
payment dates. Be sure to use the appropriate voucher for each date.

If you must amend your estimated tax:

What if I credited my prior year overpayment to current year estimated taxes? f you overpaid your prior year income tax and elected
to apply it as a credit to your current year estimated income tax, the
amount of overpayment may be applied in whole or in part to any
installment period. If any overpayment credit remains, apply it to the
next installment.

• 24/7 access to view your payment history.

Be sure to enter the overpayment credit in col. c of the enclosed
Record of Estimated Tax Payments. If the credit equals or exceeds
your full estimated tax liability for the current year, you need not file
the payment vouchers. Send a payment voucher to the Department
only when you are making a payment.

Specific Instructions
Fill out the enclosed Estimated Tax Worksheet to determine your estimated tax. Once you have used the worksheet to determine your
estimated tax due, you may pay the full amount or each installment
electronically on MassTaxConnect at mass.gov/masstax connect or
by using third-party vendor software. You do not need to mail in any
vouchers if you pay online.
If you are mailing in a payment, enter your name, address, Zip code
and Federal Identification number on the payment voucher.
Enter in line 1 on the voucher the amount due from line 10 of the
worksheet.
Fill in the Record of Estimated Tax Payments. Detach voucher at
perforation. Do not submit the entire worksheet with the Form 2-ES
payment voucher or your payment may be delayed.
Mail the voucher with check or money order payable to the Commonwealth of Massachusetts. Write your Federal Identification
number in the lower left corner of your check.

• Complete the Amended Computation Worksheet.
• Complete lines 1, 2 and 3 of the appropriate voucher.
• Pay online or mail with required payment.

Electronic Payment Options
Make your estimated tax payments online at mass.gov/masstax-connect. Paying electronically is fast, easy and secure. If you don’t have
a MassTaxConnect account, start by creating a username.
With a MassTaxConnect account you will also have:

• Make estimated tax payments and immediately confirm that DOR
has received your payment.
• Schedule payments in advance and cancel or change sched-uled
payments if needed.

Estimated Tax Worksheet.

Explanations of your deductions, exemptions and credits appear in the tax form instructions.

Note: If first voucher is due on April 15, 2023, June 15, 2023, September 15, 2023, or January 15, 2024, enter 25%, 33%, 50% or 100%, respectively, of
line 9b (less any overpayment that you are applying to this installment) on line 10 of the worksheet and on line 1 of your payment voucher.
a. Taxable
income

b.
Amount

Tax rate

1	 Taxable 5% income* (after deductions and exemptions) . . . . . . . . . . . . 1	

x .05

2	 Taxable 12% income (after exemptions, if any). 12% income includes any
income associated with short-term capital gains and long-term gains
on collectibles or pre-1996 installment sales. See note above . . . . . . . 2	

x .12

3	 Taxable long-term capital gain income (after deductions and exemptions,
if any). Long-term capital gain income includes any income
associated with long-term capital gains excluding collectibles
x .05
or pre-1996 installment sales. See note above . . . . . . . . . . . . . . . . . . . 3	
4	 Total tax. Add col. b of lines 1 through 3. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4	
5	 Credits. Include any entity-level excise tax credits you will be receiving. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 5	
6	 Your estimate of current year income tax. Subtract line 5 from line 4. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 6	
7	 Amount of this tax expected to be withheld during current year (include withholding made on your behalf by a
pass-through entity) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 7	
8	 Prior year overpayment applied to current year estimated tax . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 8	
9	 Estimated tax for current year. Subtract the total of lines 7 and 8 from line 6. If less than $400 you are not required to
make estimated payments . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 9	
10	 Amount of payment. See note above. Using the amount from line 9, make appropriate calculation and enter
result here and on line 1 of your payment voucher. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10	
*5% income includes: wages, salaries, tips, business income, partnership and S corporation income, trust income, rental income, unemployment
compensation, taxable alimony (see Form 1 or 1-NR/PY, Schedule X instructions), pensions and annuity income, IRA/Keogh distributions, winnings, fees,
long-term capital gain income not taxed at the 12% rate, interest and dividend income and other taxable income not taxed at the 12% rate.

Amended Computation Worksheet.

Use if your estimated tax changes substantially after you file your first payment voucher.

1a	 Amended estimated tax on 5% income. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1a	
1b	 Amended estimated tax on 12% income. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1b	
1c	 Amended estimated tax on long-term capital gain income taxed at 5%. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1c	
1d	 Total amended estimated tax. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1d	
2a	 Amount of prior year’s overpayment elected for credit to current year estimated tax and applied to date. . . . . . . . . . . . . 2a	
2b	 Payments made in current year. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2b	
2c	 Add lines 2a and 2b. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2f	
3	 Unpaid balance. Subtract line 2c from line 1d. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3	
4	 Amount to be paid. Divide line 3 by number of remaining installments. Enter here and on line 1 of payment voucher . . . . . 4	
Submit the enclosed vouchers, with your payments, when due. Make all checks payable to Commonwealth of Massachusetts and write your Federal
Identification number in the lower left corner of each check.
An additional charge is imposed on the underpayment of estimated taxes. Willful evasion of taxes is a felony punishable by a fine of up to $100,000 or
imprisonment up to five years, or both.

Current Year Record of Estimated Tax Payments.
Voucher	
number

a.	
Date	

b. 	
Amount paid	

Please mark your calendar as a reminder to mail each payment voucher.
c. 	
Prior year overpayment
credit applied to 	
installment 	

Total amount paid and
credited from Jan. 1 through
the installment date shown
add b and c

1
2
3
4
Total . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
If you have any questions, contact the Massachusetts Department of Revenue, Contact Center Bureau, PO Box 7010, Boston, MA 02204. Telephone: (617) 887-6367 or tollfree in-state at (800) 392-6089. Practitioners: You must obtain prior approval if you plan to use substitute vouchers.

YOU CAN FILE AND PAY ONLINE AT MASS.GOV/MASSTAXCONNECT
BE SURE TO DETACH WHERE INDICATED.
FAILURE TO DO SO WILL RESULT IN A PROCESSING DELAY.

DETACH HERE

2023 Form 2-ES
Estimated Tax Payment Voucher
Federal Identification number

Tax filing period

Name (print)

Due date

Tax type

Voucher type

ID type

Vendor code

049

17

004

0001

1. Amount due with this installment (from line 10 of worksheet) . . . . . . . . . . . . . . .
Form you plan to file:

Street address

 Form 2, Fiduciary

City/Town

State

E-mail address

Phone number

Zip

 Form 2G, Grantor’s/Owner’s Share of a Grantor-Type Trust

Return this voucher with check or money order payable to Commonwealth of Massachusetts.
Mail to Massachusetts Department of Revenue, PO Box 419544, Boston, MA 02241-9544.
Important: Make your estimated tax payments electronically on MassTaxConnect at mass.gov/masstaxconnect
or by using third party software. It’s fast, easy and secure.

YOU CAN FILE AND PAY ONLINE AT MASS.GOV/MASSTAXCONNECT
BE SURE TO DETACH WHERE INDICATED.
FAILURE TO DO SO WILL RESULT IN A PROCESSING DELAY.

DETACH HERE

2023 Form 2-ES
Estimated Tax Payment Voucher
Federal Identification number

Tax filing period

Name (print)

Due date

Tax type

Voucher type

ID type

Vendor code

049

17

004

0001

1. Amount due with this installment (from line 10 of worksheet) . . . . . . . . . . . . . . .
Form you plan to file:

Street address

 Form 2, Fiduciary

City/Town

State

E-mail address

Phone number

Zip

 Form 2G, Grantor’s/Owner’s Share of a Grantor-Type Trust

Return this voucher with check or money order payable to Commonwealth of Massachusetts.
Mail to Massachusetts Department of Revenue, PO Box 419544, Boston, MA 02241-9544.
Important: Make your estimated tax payments electronically on MassTaxConnect at mass.gov/masstaxconnect
or by using third party software. It’s fast, easy and secure.

YOU CAN FILE AND PAY ONLINE AT MASS.GOV/MASSTAXCONNECT
BE SURE TO DETACH WHERE INDICATED.
FAILURE TO DO SO WILL RESULT IN A PROCESSING DELAY.

DETACH HERE

2023 Form 2-ES
Estimated Tax Payment Voucher
Federal Identification number

Tax filing period

Name (print)

Due date

Tax type

Voucher type

ID type

Vendor code

049

17

004

0001

1. Amount due with this installment (from line 10 of worksheet) . . . . . . . . . . . . . . .
Form you plan to file:

Street address

 Form 2, Fiduciary

City/Town

State

E-mail address

Phone number

Zip

 Form 2G, Grantor’s/Owner’s Share of a Grantor-Type Trust

Return this voucher with check or money order payable to Commonwealth of Massachusetts.
Mail to Massachusetts Department of Revenue, PO Box 419544, Boston, MA 02241-9544.
Important: Make your estimated tax payments electronically on MassTaxConnect at mass.gov/masstaxconnect
or by using third party software. It’s fast, easy and secure.

YOU CAN FILE AND PAY ONLINE AT MASS.GOV/MASSTAXCONNECT
BE SURE TO DETACH WHERE INDICATED.
FAILURE TO DO SO WILL RESULT IN A PROCESSING DELAY.

DETACH HERE

2023 Form 2-ES
Estimated Tax Payment Voucher
Federal Identification number

Tax filing period

Name (print)

Due date

Tax type

Voucher type

ID type

Vendor code

049

17

004

0001

1. Amount due with this installment (from line 10 of worksheet) . . . . . . . . . . . . . . .
Form you plan to file:

Street address

 Form 2, Fiduciary

City/Town

State

E-mail address

Phone number

Zip

 Form 2G, Grantor’s/Owner’s Share of a Grantor-Type Trust

Return this voucher with check or money order payable to Commonwealth of Massachusetts.
Mail to Massachusetts Department of Revenue, PO Box 419544, Boston, MA 02241-9544.
Important: Make your estimated tax payments electronically on MassTaxConnect at mass.gov/masstaxconnect
or by using third party software. It’s fast, easy and secure.