When is a tax release, also commonly known as an inheritance tax waiver, required to be filed with the tax commissioner?
Tax Release / inheritance tax waiver forms are no longer required by the Department of Taxation for estates of individuals with a date of death on or after January 1, 2013.
For estates in which the decedent has a date of death on or after January 1, 2013, click here.
For estates of individuals with a date of death prior to January 1, 2013 in which the estate has asset accounts with a value of greater than $25,000 per account, the tax commissioner still requires an Application for Consent to Transfer Property of a Resident or Nonresident Decedent. However, tax release forms are not required to be obtained for assets passing to a surviving spouse alone, regardless of the dollar amount.
Tax Forms
Click here to see news release for more information regarding this topic.
|
|
|
|
|
|
|
|
|
|
|
|
|