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Estimated Income Tax. Trusts that earn income must pay estimated tax payments during the year. These payments are due on April 15, June 15, September 15 and January 15 for calendar year trusts. Calculate the estimated payments on IRS Form 1041ES. The instructions for this form provide complete detail about how to pay this tax.
If you think the trust's going to owe $1,000 in income tax for the year, the trust may have to pay estimated tax. Estimated tax payments are due quarterly: in April, June, September and January of the following year, though the schedule obviously depends on when the grantor dies.