Inheritance Tax Form PDF Details

Inheritance Tax is a complicated subject, and one that can cause anxiety for the people who are required to fill out the form. Whether you're preparing to file an Inheritance Tax return or just trying to understand your obligations prior to such a filing, this blog post will provide essential information about what's involved in submitting an Inheritance Tax Form. We'll cover filing requirements, exemptions, deductions, and lots of other practical details about Inheritance Tax Forms so that you can make sure everything is taken care of properly.

QuestionAnswer
Form NameInheritance Tax Form
Form Length2 pages
Fillable?No
Fillable fields0
Avg. time to fill out30 sec
Other namesreturn short revenue form, tennessee inh s fill, state of tn inheritance tax, tennessee inheritance s

Form Preview Example

 

TENNESSEE DEPARTMENT OF REVENUE

 

 

SHORT FORM INHERITANCE TAX RETURN

AMENDED RETURN

 

 

 

INH

 

 

302

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

1.

Real Estate (Total from Schedule A, reverse side)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

$

 

 

 

 

 

 

 

 

 

00

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

_______________________

 

 

2.

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

 

 

 

 

 

 

 

 

 

 

 

 

$

 

 

 

 

 

 

 

 

 

00

 

 

 

 

 

 

 

 

 

 

 

 

_______________________

 

 

3.

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

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

$

 

 

 

 

 

 

 

 

 

00

 

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

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

_______________________

 

 

4.

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

 

 

 

 

 

 

 

 

 

 

 

 

$

 

 

 

 

 

 

 

 

 

00

 

 

 

 

 

 

 

 

 

 

 

 

_______________________

 

 

5.

Total Gross Estate (Add lines 1 through 4)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

$

 

 

 

 

 

 

 

 

 

00

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

_______________________

 

 

6.

Allowable Exemption

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

$

 

 

 

 

 

 

 

 

 

00

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

_______________________

 

 

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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