Inheritance Tax Form – Fill Out and Use This PDF

The Tennessee Department of Revenue Short Form Inheritance Tax Return, also known as Form INH 302, is a document used for reporting the inheritance tax for estates where the deceased was a resident of Tennessee. It is designed for situations where the gross estate is less than the single exemption limit established by Tennessee law, making it a crucial step in the estate administration process. Individuals in possession of the decedent's property are obligated to file this return to ensure compliance with state tax laws.

If you are planning to manage an estate that falls below the exemption threshold, it is important to accurately complete and submit this form within nine months of the decedent's passing. Click the button below for detailed instructions on filling out the form.

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Inheritance Tax Form PDF Details

When navigating the complexities of settling an estate, understanding the intricacies of the Inheritance Tax form becomes indispensable. This form, mandated by the Tennessee Department of Revenue, serves as a crucial document for personal representatives or individuals in possession of the decedent's property, delineating their obligation to report the estate's value. Particularly, the Short Form Inheritance Tax Return, designated as INH 302, is tailored for estates that fall beneath a specified exemption threshold, a figure that has evolved significantly over the years leading to the eventual phasing out of the inheritance tax in Tennessee by 2016. The filing process, underscored by specific deadlines, necessitates meticulous attention to ensure compliance, including the due nine months post the decedent's death unless an extension is granted. Furthermore, adherence to submission guidelines, such as the use of blue or black ink and the correct mailing address, underpins the accurate processing of the form. Assistance, thankfully, is readily available through the Taxpayer Services Division, providing a lifeline for those seeking clarification or facing uncertainties. In sum, the Short Form Inheritance Tax Return encapsulates a critical facet of the probate process, guiding representatives through the procedural steps required to fulfill their fiduciary duties while ensuring the decedent's estate is accurately assessed and reported to the Tennessee Department of Revenue.

Question	Answer
Form Name	Inheritance Tax Form
Form Length	2 pages
Fillable?	No
Fillable fields	0
Avg. time to fill out	30 sec
Other names	return short revenue form, tennessee inh s fill, state of tn inheritance tax, tennessee inheritance s

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	TENNESSEE DEPARTMENT OF REVENUE
	SHORT FORM INHERITANCE TAX RETURN	AMENDED RETURN

INH
302	INSTRUCTIONS
	INSTRUCTIONS

1.GENERAL FILING REQUIREMENT: The Tennessee Inheritance Tax is a tax upon the privilege of receiving property by transfer because of a decedent's death. The personal representative, or person(s) in possession of property of the decedent is required to file a return of the estate with the Department of Revenue.

2.FILING THE SHORT FORM: If the gross estate of a resident decedent is less than the single exemption allowed by Tenn. Code .Ann. Section 67-8-316, the representative of the estate may file the Short Form-Inheritance Tax Return. In the case of resident decedent's dying between January 1, 2006 and December 31, 2012, the allowable exemption is $1,000,000; in 2013, the allowable exemption is $1,250,000; in 2014, the allowable exemption is $2,000,000; and in 2015, the allowable exemption is $5,000,000. In 2016 and thereafter, no inheritance tax is imposed.

3.DUE DATE: The return is due nine (9) months after the date of the decedent's death, unless an extension of time is granted by the Department.

4.FILING: Please print in blue or black ink. Mail the return to Tennessee Department of Revenue, Andrew Jackson State Office Building, 500 Deaderick Street, Nashville, TN 37242.

5.FOR ASSISTANCE: Contact Taxpayer Services Division by calling in-state toll free 1-800-342-1003 or (615) 253-0600.

Name of Decedent Last Name:

First Name:

MI:

Social Security No.

Date of Death

Age of Decedent

County of TN Probate

Did decedent have a will?

Yes

No (If Yes, attach a copy to the return).

If spouse is deceased, enter Last Name:

First Name:

Mi:

and Date of Death

Personal Representative's Name (executor, etc.) Last Name:

First Name:

MI:

Address Street:

City:

State:

Zip Code:

(

)

Return Preparer: Last Name/Firm:

First Name:

MI:

Phone

Address Street:

City

State:

Zip Code:

Attorney For the Estate Last Name/Firm:

First Name:

MI:

Phone

(

)

Address Street:

City:

State:

Zip Code:

Please Complete in Blue or Black Ink

ROUND TO THE NEAREST DOLLAR

DOLLARS

CENTS

Real Estate (Total from Schedule A, reverse side)

_______________________

Personal and Miscellaneous Property (Total from Schedule B, reverse side)

_______________________

Jointly-Owned Property (Total from Schedule C, reverse side)

......................................................................

_______________________

Transfers during decedent's life (Total from Schedule D, reverse side)

_______________________

Total Gross Estate (Add lines 1 through 4)

_______________________

Allowable Exemption

_______________________

IF THE GROSS ESTATE (Line 5 above) IS LESS THAN THE EXEMPTION TOTAL (Line 6 above), YOU MAY USE THIS SHORT FORM.

7.	TOTAL GROSS ESTATE (from Line 5)	$	00

8.	TOTAL DEDUCTIONS (from Schedule E)	$	00
		_______________________
9.	NET ESTATE (subtract Line 8 from Line 7)	$	00
		_______________________

Under penalties of perjury, I declare this report to be true, accurate, and complete to the best of my knowledge.

Signature of Personal Representative		Date

Signature of Preparer		Date

FOR OFFICE USE ONLY

Acct. No.

Date Received

RV-R0001702

INTERNET (2-15)

SCHEDULES

Date of Valuation of assets (check one): Value of assets at date of death

or Value of assets 6 months after date of death

SCHEDULE A - REAL ESTATE

Individually owned and located in Tennessee

Description & Location

Full Value

SCHEDULE B - PERSONAL & MISC. PROPERTY

Cash, Notes, Mortgages, Life Insurance, Stocks, Bonds, Annuities, Furnishings,

	Automobiles, Jewelry, etc. Owned Individually
Description	Full Value

10. TOTAL (enter on front, Line 1)

11. TOTAL (enter on front, Line 2)

	SCHEDULE C (PART 1) - JOINTLY OWNED PROPERTY
	List property interest held jointly by decedent and spouse
Description	Full Value

12.Total Property Value

13.One-half (½ ) of Line 12

SCHEDULE C (PART 2) - JOINTLY OWNED PROPERTY

	List property interests held jointly by decedent and persons other than spouse
Description	% owned by Decedent	Name of Joint Owner	Full Value Owned by Decedent





14.	Total Property Value

15.	Total of lines 13 & 14 (enter on front, Line 3)			$

		SCHEDULE D - TRANSFERS DURING DECEDENT'S LIFE
		List all transfers made by decedent within 3 years prior to date of death
Description of Transfer		To Whom (name)	Date of Gift	Full Value

16.Total Gifts

17.Gift Tax Paid (enter total of State Gift Tax paid on above gifts)

18. Total of lines 16 & 17 (enter on front, Line 4)

SCHEDULE E - DEDUCTIONS

Examples: funeral&burialexpenses,administrativeexpenses(courtcosts,bonds,etc.)professionalfees(attorney,accountant,etc.)taxes(property,individual,etc.),notes

&mortgages due (decedent obligations but only ½ of joint obligations), debts of decedent (unpaid at date of death), bequests (public, charitable, religious, & educational), marital deductions (list all property passing to spouse), etc.

Description

Amount

19. TOTAL AMOUNT ALL DEDUCTIONS (enter on front, Line 8)

INTERNET (2-15)

How to Edit Inheritance Tax Form Online for Free

tennessee inheritance tax return can be filled in effortlessly. Simply make use of FormsPal PDF editing tool to do the job in a timely fashion. The tool is continually updated by us, receiving new features and growing to be much more convenient. Here's what you'll have to do to start:

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1. The tennessee inheritance tax return usually requires certain information to be inserted. Be sure that the next blank fields are completed:

form tn inheritance writing process described (portion 1)

2. When this section is finished, it's time to put in the needed details in If spouse is deceased enter Last, and Date of Death, Personal Representatives Name, Address Street City State Zip Code, Return Preparer Last NameFirm, Phone, Address Street City State Zip Code, Attorney For the Estate Last, Phone, Address Street City State Zip Code, Please Complete in Blue or Black, Real Estate Total from Schedule A, DOLLARS, CENTS, and Personal and Miscellaneous so you can proceed further.

Personal and Miscellaneous, Phone, and DOLLARS in form tn inheritance

3. This next section should also be fairly easy, TOTAL GROSS ESTATE from Line, TOTAL DEDUCTIONS from Schedule E, NET ESTATE subtract Line from, Under penalties of perjury I, FOR OFFICE USE ONLY, Signature of Personal, Signature of Preparer, RVR, Date, Date, Acct No, Date Received, and INTERNET - all these form fields is required to be completed here.

Under penalties of perjury I, Date Received, and TOTAL DEDUCTIONS from Schedule E in form tn inheritance

4. Your next paragraph will require your input in the subsequent areas: SCHEDULES Date of Valuation of, or Value of assets months after, SCHEDULE A REAL ESTATE, Individually owned and located in, SCHEDULE B PERSONAL MISC PROPERTY, Cash Notes Mortgages Life, Automobiles Jewelry etc Owned, Description Location, Full Value, Description, Full Value, TOTAL enter on front Line, TOTAL enter on front Line, Description, and Full Value. Make sure you provide all needed info to go forward.

Ways to fill out form tn inheritance portion 4

Be very mindful while filling in Individually owned and located in and SCHEDULES Date of Valuation of, as this is the part where many people make some mistakes.

5. This final point to finish this PDF form is pivotal. You'll want to fill out the mandatory fields, like SCHEDULE C PART JOINTLY OWNED, Description, owned by Decedent, Name of Joint Owner, Full Value Owned by Decedent, Total Property Value, Total of lines enter on front, Description of Transfer, To Whom name, Date of Gift, Full Value, SCHEDULE D TRANSFERS DURING, List all transfers made by, Total Gifts, and Gift Tax Paid enter total of, before finalizing. Failing to do so might produce a flawed and possibly unacceptable document!

form tn inheritance writing process explained (portion 5)

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Inheritance Tax Form – Fill Out and Use This PDF

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