Which inheritance tax forms to use?

Schedule K-1 (Form 104) is used to report a beneficiary's share of an estate, including income, credits, deductions, and earnings. REV-229 - PA REV-346 Wealth Tax General Information - Property Information Sheet REV-485 - Lockbox Inventory. Resident Decedents Use Form IT-R, Inheritance Tax Resident Return, to file a resident death declaration, if a return is required. Find all Inheritance Tax forms.

Use these forms when you don't need a full estate tax account. There is no need to prepare or file inheritance tax returns (Form IH-6 for Indiana residents and Form IH-12 for non-residents). Visit Where to File and Contact Information for information on how to get technical support or questions about the status of your return. You must file a paper return or forms to determine if you must pay any taxes or when an exemption is needed.

Use Form IT-NR, Non-Resident Inheritance Tax Return, to file a return for a non-resident decedent, if a return is required. When using this method, you must file a New Jersey Estate Tax Return (Form IT-Estate Column B) and Form 706 Estate Tax Return 2001.Form IT-R must be completed in accordance with the estate tax laws in effect on the date of the decedent's death. If you qualify to use this method, you must file a New Jersey Estate Tax Return (Form IT, Column A of Estate) and a New Jersey Estate Tax Return Form (IT-R). Interest Interest is calculated at the annual rate of 10% on any direct tax or part not paid within eight (months) of the decedent's date of death.

All required New Jersey estate tax returns must be filed within nine (months) of the date of the death of a resident decedent. The executor of a decedent's estate uses Form 706 to calculate the estate tax imposed by Chapter 11 of the Internal Revenue Code. Also, see Where to File and contact information for locations where to send inheritance and gift tax returns. If the estate files or must file a Federal Form 706 with the IRS at the time of the decedent's death, you must also include a copy of this Federal Form 706 with your New Jersey return.

When taxpayers file under the Simplified Tax Method, the Division will issue exemptions from Schedules A, B, and B (of Form IT-R). Refer to the Resident Inheritance and Inheritance Tax Flowchart to determine what return or forms to file for a decedent who was a resident of New Jersey. If you are unable to file on time, you can complete Form IT-EXT, Application for Inheritance and Inheritance Tax for Extension of Time to File a Return.

Alisha Pangallo
Alisha Pangallo

Subtly charming entrepreneur. Wannabe social media fan. Amateur music scholar. Typical internet lover. Infuriatingly humble pop cultureaholic. Freelance internet specialist.

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