Enlarge image | Print Reset RV-R0001602 INTERNET (2-15) INH TENNESSEE DEPARTMENT OF REVENUE 301 INHERITANCE TAX RETURN AMENDED RETURN ____ ____ ____ - ____ ____ - ____ ____ ____ ____ DATE OF DEATH COUNTY OF TN PROBATE DECEDENT'S SOCIAL SECURITY NUMBER This return should be used for estates of dece- NAME OF DECEDENT Last: First: MI: ____ dents whose date of death is on or after Janu- ary 1, 1990. This return is due nine (9) months ADDRESS (AT TIME OF DEATH) ____________________________________________ after the date of the decedent's death, unless an extension of time is granted by the Depart- ______________________________________________________________________ ment. Please print in blue or black ink. CITY: State: ZIP CODE: __________ Make your check payable to the Tennessee Department of Revenue for the amount shown on Line 10 and mail to: Yes No Tennessee Department of Revenue Andrew Jackson State Office Building Election of Alternate Valuation _________ _________ 500 Deaderick Street Election of Special Use Valuation _________ _________ Nashville, Tennessee 37242 Gross Estate contains T.C.A. ยง67-8-304 (10) (QTIP) property ________ _________ For assistance, you may call in-state toll free 1-800-342-1003 or (615) 253-0600. Age of Decedent ________ Did decedent have a will? Yes No (If Yes, attach a copy to the return). Personal Representative's Name (executor, etc.) Last Name: First Name: MI: ___ Address Street: City: State: Zip Code: _________ 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: _________ ROUND TO THE NEAREST DOLLAR Dollars Cents COMPUTATION OF AMOUNT DUE 1. Inheritance Tax ...................................................................................................................... _________________________00 2. Deduct: Applicable Credits ..................................................................................................... _________________________00 3. Inheritance Tax Payable (Line 1 minus Line 2) ....................................................................... _________________________00 4. Tennessee Estate Tax ........................................................................................................... _________________________00 5. Total Taxes Due (Add Lines 3 and 4)...................................................................................... _________________________00 6. Deduct: Extension Payments................................................................................................. _________________________00 7. Balance of Tax Due (Line 5 minus Line 6) .............................................................................. _________________________00 8. Penalty (5% for each 30-day period of delinquency not to exceed 25% of the tax due) ........... _________________________00 9. Interest (________% per annum on any taxes unpaid by the due date) .................................. _________________________00 10. Total Amount Due (Add Lines 7, 8, and 9).......................................................................... 00 Under the penalties of perjury, I declare that I have examined this report, and to the best of my knowledge and FOR OFFICE USE ONLY belief, it is true, correct and complete. Personal Acct. #____________________ Representative's signature __________________________________________ Date ______________ Date Rec'd ________________ Preparer's signature __________________________________________ Date ______________ Amt. Rec'd $ _______________ Page 1 |
Enlarge image | GENERAL INFORMATION (A copy of the decedent's death certificate may be submitted in lieu of completing Lines 1 through 6.) 1. Decedent's date of birth ______________________ Place of birth _______________________________________________ 2. Place of death if different than decedent's address (e.g. name of hospital) _________________________________________ ____________________________________________________________________________________________________ 3. Cause of death __________________________________________ Length of last illness _____________________________ 4. Decedent's physician(s): Name_____________________________ Name ____________________________________ Address ___________________________ Address __________________________________ _________________________________ _________________________________________ 5. Decedent's business or occupation: If decedent was retired, check here 6. Decedent's marital status at time of death: Married -- date of marriage to surviving spouse __________________________ Widow or widower-- Name of Deceased spouse ___________________________________________________________ -- Date of spouse's death _____________________________ Single Legally separated -- Name of spouse ___________________________________________________________________ Divorced -- Date divorce decree became final ____________________________ 7. Names, ages, addresses, and the value of all interests of the heirs, next of kin or devisees of the decedent are as follows: NAME AGE ADDRESS RELATIONSHIP AMOUNT Page 2 |
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Enlarge image | INHERITANCE TAX COMPUTATION The state inheritance tax is imposed upon the net taxable estate of a decedent. In the case of resident decedent's 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. DOLLARS CENTS 1. Taxable estate (From Line 16, Page 3) ............................................................................. ________________________00 2. Deduct: Statutory exemption ............................................................................................. ________________________00 3. Net taxable estate (Line 1 minus 2) ................................................................................... ________________________00 4. Inheritance tax (Compute the tax by using the applicable tax rate shown below and transfer to Line 1, Page 1) .................................................................... ________________________00 If Line 3 is: The tax is: Not over $40,000 5.5% of the net taxable estate Over $40,000 but not over $240,000 $2,200, plus 6.5% of the excess over $40,000 Over $240,000 but not over $440,000 $15,200, plus 7.5% of the excess over $240,000 Over $440,000 $30,200, plus 9.5% of the excess over $440,000 SUPPLEMENTAL INFORMATION: If entries on the federal return regarding the value of the gross estate or the reported total allowable deductions differ from the corresponding entries on the Tennessee return, please explain the difference below. If no federal estate tax return was filed, enter below: assets not taxable in Tennessee or deductions not allowable in Tennessee. ITEM EXPLANATION NO. (If more space is required, attach additional sheets of same size.) Page 4 |