Nj Form Estate PDF Details

Dealing with a loved one’s estate after their passing is an emotionally taxing process, compounded by the legal demands such circumstances necessitate. Among these demands is the New Jersey Estate form, officially known as IT-EXT, which serves multiple vital functions in the realm of inheritance and estate taxation. This form, issued by the NJ Division of Taxation, caters to executors, administrators, or heirs-at-law who find themselves navigating the complex process of settling an estate’s tax obligations. It primarily functions as an Application for Extension of Time to File a Return, accommodating those who are unable to meet standard deadlines for filing Inheritance and Estate Tax returns. Notably, Inheritance Tax returns are generally due 8 months post-decedent’s death, with an initial extension of up to 4 months available, and potentially an additional 2 months under certain circumstances. Estate Tax returns, conversely, hold a 9-month window post-death, with a possible 6-month extension. It’s crucial to underline that obtaining an extension for filing does not equate to an extension for tax payment, and delay can lead to interest accruals. Moreover, specific circumstances may warrant extensions beyond these standard periods, though such exceptions require explicit approval. The form also emphasizes the importance of accuracy and truthfulness under penalty of perjury, making it clear that this legal document is a critical part of estate management that demands careful attention to detail.

QuestionAnswer
Form NameNj Form Estate
Form Length1 pages
Fillable?No
Fillable fields0
Avg. time to fill out15 sec
Other namesnj tax form transfer inheritance, form inheritance return, nj inheritance tax return, nj form estate

Form Preview Example

IT-EXT (3-07)

NJ Division of Taxation - Inheritance and Estate Tax Application for Extension of Time to File A Return

Decedent’s Name__________________________________________________________ Decedent’s S.S. No. __________________________________

(Last)

(First)

(Middle)

 

 

Date of Death (mm/dd/yy) _________/_______/_________

County of Residence _______________________________

Testate …

Intestate …

Name of Executor/Administrator/Heir-at-Law ____________________________________________Social Security Number: ________________________

Address _________________________________________________________________________Daytime Phone (______) ______________________

Mailing Address to send all correspondence:

Name _________________________________________________________________ Daytime Phone ( ) _____________________________

Street _________________________________________________________

City ___________________________ State ____________ Zip Code ___________

Extension of time to file:

 

… Inheritance Tax Return

Extension Requested for ____________ months

… Estate Tax Return

Extension Requested for ____________ months

(Both requests may be made on one form)

Inheritance Tax returns are due 8 months following the death of the decedent. An extension may be initially requested for a period of up to 4 months beyond the original due date. If it is not possible to file the return within the 4 month extension periods, an additional 2 month extension may be requested. Extensions beyond 6 months from the original due date of the return will be granted only in cases where the Director determines that exceptional circumstances exist.

Estate Tax returns (except returns filed using the Form 706 method which are due 9 months plus 30 days following the death of the decedent) are due 9 months following the death of the decedent. An extension may be requested for a period up to 6 months beyond the original due date. Extensions beyond 6 months from the original due date of the return will be granted only in cases where the Director determines that exceptional circumstances exist.

IMPORTANT: An extension of time to file does not extend the time to pay. Interest accrues on any unpaid Inheritance Tax ultimately determined to be due from eight months after the decedent’s date of death and on any unpaid Estate Tax ultimately determined to be due from 9 months after the decedent’s date of death in accordance with the applicable statutes. An extension will not prevent the estate from receiving computer generated delinquent notices.

Certification:

Under penalties of perjury, I declare that to the best of my knowledge and belief, the statements made herein are true and correct.

_______________________________________________________________________________________ ___________________________________

Executor / Administrator / Heir-at-Law / Estate Representative

Date

Mail completed form to:

State of New Jersey, Division of Taxation, Individual Tax Audit Branch - Inheritance & Estate Tax, PO Box 249,

 

Trenton, NJ 08695-0249

 

 

 

Phone: (609) 292-5033

 

 

 

EXTENSION REQUESTS WILL NOT RECEIVE A REPLY UNLESS THE REQUEST IS DENIED

 

 

 

 

 

 

 

 

Division Use Only

 

… Approved for the period to: ________________________________

The application for the extension of time to file is:

 

 

… Not Approved

________________________________

 

 

… Other

________________________________

For the Division:

____________________________________________________________________________

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nj tax form transfer inheritance Certification Under penalties of, Executor  Administrator  HeiratLaw, Date, Mail completed form to, State of New Jersey Division of, EXTENSION REQUESTS WILL NOT, Division Use Only The application, cid Approved for the period to, and For the Division fields to fill

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