➛

Fill in a Valid New Jersey Estate Tax Return Template

The New Jersey Estate Tax Return form is a crucial document for estates in New Jersey, particularly for those with a gross estate exceeding a specified threshold. This form must be filed to report the estate's value and calculate any taxes owed to the state following a decedent's passing. Understanding its requirements and processes can help ensure compliance and avoid potential delays in estate settlement.

Launch New Jersey Estate Tax Return Editor Now

Launch New Jersey Estate Tax Return Editor Now

Article Guide

Filing the New Jersey Estate Tax Return can seem daunting, but understanding its key components can make the process smoother. This form is essential for estates with a gross value exceeding a certain threshold, requiring careful attention to detail. The return includes sections for vital information such as the decedent's name, Social Security number, and date of death. Additionally, it requires a mailing address for the estate representative, ensuring all communications from the Division of Taxation are directed appropriately. One crucial aspect is the inclusion of the Federal Form 706, which provides a comprehensive overview of the estate's assets and liabilities. The form also addresses the calculation of state death taxes, allowing for deductions related to inheritance taxes paid to other states. It's important to remember that any refund requests for overpayments must be submitted in writing within a specified period. Moreover, specific instructions guide the completion of the return, emphasizing the need for accuracy and compliance to avoid processing delays. By familiarizing yourself with these elements, you can navigate the filing process more effectively and ensure that all necessary documentation is submitted correctly.

Example - New Jersey Estate Tax Return Form

IT-Estate 2017	STATE OF NEW JERSEY
TrasferIheritaceTax	Resident Decedent
TrasferIheritaceTax
PO x	ESTATE TAX RETURN 2017
TretN	structisreverseside
TISORTO USORTSWITTOTONORT	UYTORUY

(68) For Division Use Only

ecedet’sNa_______________________________________			___________________ecedet’sSSN______________			______________________
	ast	irst	dde
atefeathddyy_________________________u			tyfResidece__________________		_____________	Testate	Itestate
MailingAddress	Na_____________________________________________			aytiPhe	_______________________________
to send all	Street _______________________________________________________________________________________
correspondence*
*SeeInstructions	ity __________________________________________Stat e______________Zide__________________

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UTIONSterdeductisfrPartageieft	hefederar
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You must include a completed Federal form 706 even if you are not required to file with the IRS. Include a complete, legible copy of decedent’s LastWill and Testament and all codicils thereto. Include a complete, legible copy of any trust agreements to whichthe decedent was a party.

**Allapplicationsfor therefundofan overpayment in additiontothe amountrequested online 13 ofthis return, must be madein writingwithinthe three-yearstatutoryperiod in accordancewith andinthe manner setforthinR.S. 54:38.3. (SeeInstructionsforfurtherinformation.)

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Ihaveexaedthisreturadaaccayigdcutsadt		thebestfwedgeadbeiefitistruecrrecta		dceteIhereby
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this_____________dayf_________________________	_	Sigature	_________________________________________		_________________
			cutr– istratr– eirtaw
		PritNa	___________________________________________		_______________
OfficiaTite _____________________________________	______	dress	_________________________________________		_________________
			__________________________________________________________

TISORYROU

Estate Tax Return 2017 Instructions

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__________________________________________________________________________________________
TheNateTaxisiadditittheNIheritaceTax	taxisisedutheestatefeveryresidetdecedetha	vigadatefdeathrafter
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Filing Requirements
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Completing the Return

Mailing Address – Complete the Mailing Address section with the name and address of the person or firm that will be authorized to receive all

communications from the Division of Taxation. NteTheivisiisrequiredtdeaywiththisers		rfiruesstheestatereresetativehas
ascetedr ittfTaxayerReresetative
Complete Federal Form 706* icudigascheduesadsurtigdcutsThisstbe		cetedeveifyuweretrequiredtfiewiththe
federaIteraReveueServiceRSIfyuarerequiredtf	ierdidfierwiththeIRSsubtacyfw	hatwasactuayfied	NOTE: Be

sure to answer question 2(c) on Schedule M to avoid processing delays.

*Refers to the (Rev. August 2013) version of Form 706.

Complete lines 1 through 13 of the 2017 New Jersey Estate Tax Return.
Instructions for Line 3b. State Death Tax Deduction for Other States: tertheautfayestateiheritaceegacyrsuccessi						taxesactuay
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Waiver Request Schedules: Complete Schedules E-4 thru E-7 trequestayecessarywaiversfrNewrseyassetsteThesched						uesfthe
aretsufficietfrwaiverurses	Only list those assets which require waivers. See instructions on each schedule for guidance.
Required Documents
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Interest Rates and Payment Due Date
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NEW JERSEY INHERITANCE AND ESTATE TAX:

RETURN PROCESSING INSTRUCTIONS

Follow these procedures to avoid delays in processing returns, waivers, and refunds:

DO NOT enclose returns in any kind of BINDER, SEALED FOLDER or

NOTEBOOK.

DO NOT use STAPLES (especially extra-long staples) on the return.

OIt is OK to use rubber bands or clips to keep the file together.

OTwo-hole ATCO fasteners, along the TOP of the return, are also acceptable.

DO NOT enclose DUPLICATE COPIES of returns or duplicates of other documents.

OWhen filing both Inheritance and Estate Tax, include only ONE copy of the will, trusts, income tax return, 706, appraisals, and any other attachments.

A few things to DO:

STAPLE checks to the completed payment voucher, and put voucher on

TOP.

OMake sure checks are signed, and made payable to “New Jersey Inheritance and Estate Tax”

OInclude the Decedent’s name and SS# on the check.

Place the return and schedules on top (if no payment), with the will and other supporting documents beneath.

Check that returns are SIGNED by the legal representative of the estate and NOTARIZED.

OThe representative’s name should be printed clearly beneath the signature

VERIFY the decedent’s social security number and date of death.

Make sure the MAILING ADDRESS on the return is correct – and indicates the person who you want to receive ALL correspondence (letters, bills, waivers, etc).

OThe Division cannot correspond with your attorney or CPA unless they are listed on the front page of the return.

Clearly mark amended returns as “Amended” along the

BOTTOM of the return.

File Inheritance Tax and Estate Tax returns together when

possible.

OKeep the two returns separate within the same envelope or box.

OKeep in mind the two taxes have separate due dates for payment of the tax.

OInclude separate checks and vouchers for each tax.

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teoeth(mmdd_________________________ou			ntoResiden__________________			_______________
MailingAddress	me_____________________________________imeone				(_____________________
tosendall	treet______________________________________________				_______________________________
correspondence	treet______________________________________________				_______________________________
	it______________________________________			tte____	________	ipode________

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T’SN

T’SSOISURITYNU

SCHEDULE E-3	reditfrrtiftaxattributabetrertycated		utsideNewrsey

Igeeraitagibeersarertyiscsideredtbe		catediNewrseyregardessfwhereityactuaybecat		ed

rssvauefrertycatedutsideNewrseyicuded		iefthefirstagef
thisretur
	Prerty		aue
	Prerty		aue
___________________________________________________________			_______________________
___________________________________________________________			_______________________
___________________________________________________________			_______________________
___________________________________________________________			_______________________
___________________________________________________________			_______________________
___________________________________________________________			_______________________
Usesearatesheetifecessary
Newrseygrssestatewherevercatedutistedie			fthefirstagefthisretur
TetativeNewrseyateTaxutistedief		thefirstagefthisretur
TetativeNewrseyateTaxutistedief		thefirstagefthisretur
wabecreditivideiebyieadtiyby		ieterhereadiefthefirst
wabecreditivideiebyieadtiyby		ieterhereadiefthefirst
agefthisretur

T’SN

T’SSOISURITYNU

SCHEDULE E-4 stbecetedwithretur

WAIVER REQUEST SCHEDULE

NEW JERSEY REAL PROPERTY

Note: All items on this schedule must be reported on the Form 706

istaNSRPROPTYiwhichthedecedetheda		iterest
Rertfractiashares	only iftherertywashedasteats
trertrertyhedasteatsyhetiretyifsuseci		viuiarterissurvivig
Taxwaiverswitbeissuedfrassetstistedthissche		due

ecedet’sShare

uty

StreetadNuer

iciaity

TiteOwerfRecrd

ecedet’sShare

uty

StreetadNuer

iciaity

TiteOwerfRecrd

ecedet’sShare

uty

StreetadNuer

iciaity

TiteOwerfRecrd

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T’SN

T’SSOISURITYNU

SCHEDULE E-5 stbecetedwithretur

WAIVER REQUEST SCHEDULE

NEW JERSEY BANK ACCOUNTS/CREDIT UNIONS/BROKERAGE ACCOUNTS

Note: All items on this schedule must be reported on the Form 706


istaassetshedi	New Jersey bagistitutiswhichdecedet’saisisted
hisyicudechecgaccutssavigsaccutseyrts’s				adIR’s
Icudetheafeachbaristitutiadaccut				uertieaccutsi
ebaybegruedtgetherbuteachaccutstbe				istedsearatey
Stateaas			registeredeachaccut
isty		the full datefdeathbaacefeachaccutthisschedue
Taxwaiverswitbeissuedfrassetstistedthissche				due

Brokerage Accounts must list total valueof account, rather than individual assets.

(A)

New Jersey Accounts

(B)

Registered Name(s)

(C)

Full Date of Death Value

fadditiasaceisrequiredattachridersfthesasize frybererduced

T’SN

T’SSOISURITYNU

SCHEDULE E-6 stbecetedwithretur

WAIVER REQUEST SCHEDULE

NEW JERSEY STOCK ONLY

Note: All items on this schedule must be reported on the Form 706

istONYstcicrrateditheStatefNewrseywhi chdecedet’saisisted

Rerttheuerfshareswedfeachstc

	isttheafthecayadaas		registeredeachstc
	Taxwaiverswitbeissuedfrassetstistedthissche		due

Stocks held in a Brokerage Account should notbe listed on this schedule – include them in Account Total on Schedule E-5.

(A)

Number of Shares

(B)

Name of Stock

(C)

Registered Names

fadditiasaceisrequiredattachridersfthesasize frybererduced

➤ New Jersey Estate Tax Return PDF Form

Form Specs

Fact Name	Details
Form Title	The form is officially titled "New Jersey Estate Tax Return" and is designated as IT-Estate 2017.
Governing Law	The New Jersey Estate Tax is governed by R.S. 54:38-3, which outlines the requirements and procedures for estate tax filings.
Filing Requirement	Filing is required if the decedent's gross estate exceeds $2 million, as determined by the Internal Revenue Code.
Documents Required	Include a completed Federal Form 706, the decedent’s Last Will and Testament, and any trust agreements related to the decedent.
Payment Instructions	Payments should be made payable to "New Jersey Inheritance and Estate Tax" and must include the decedent’s name and Social Security number.
Interest Accrual	Interest on unpaid estate taxes accrues at a rate set by the state, starting from the date of the decedent's death.
Amended Returns	If filing an amended return, it must be clearly marked as "Amended" at the bottom of the form.
Refund Requests	Requests for refunds of overpayments must be made in writing within three years from the date of payment.

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Example - New Jersey Estate Tax Return Form

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