New Jersey Estate Tax Returns Attorneys

In New Jersey, when an individual dies, there may be a requirement to file an estate tax return.  Estates of New Jersey residents may be required to file one or more returns. Einhorn Harris is well versed in the preparation of these returns and is happy to represent executors and other parties in connection with the preparation of these returns.

New Jersey Estate Tax Return (Form IT-Estate)

If a decedent’s estate is valued at more than $675,000, a New Jersey Estate Tax Return (Form IT-Estate) would be required to be filed within nine months after death.  A copy of the New Jersey Estate Tax Return can be downloaded from the following link:

http://www.state.nj.us/treasury/taxation/pdf/other_forms/inheritance/itestate.pdf

New Jersey Inheritance Tax Return (Form IT-R)

If a decedent’s estate is left to certain classes of beneficiaries (non-Class A beneficiaries), a New Jersey Inheritance Tax Return (Form IT-R) must be filed and a tax paid within eight months after the death of the decedent.  A copy of the New Jersey Inheritance Tax Return can be downloaded from the following link:

http://www.state.nj.us/treasury/taxation/pdf/other_forms/inheritance/itrbk.pdf

Federal Estate Tax Return (Form 706)

For decedents dying in years prior to January 1, 2010, and for decedents dying on or after January 1, 2011, a Federal Estate Tax Return may be required depending upon the size of the estate.  A copy of the Federal Estate Tax Return can be downloaded from the following link:

http://www.irs.gov/pub/irs-pdf/f706.pdf

New Jersey Inheritance Tax Affidavit and Self Executing Waiver (Form L-8)

This form may be used in many instances to secure the release of bank accounts, stocks, bonds and brokerage accounts without the necessity of obtaining a tax waiver from the New Jersey Division of Taxation.  A copy of Form L-8 can be downloaded from the following link:

http://www.state.nj.us/treasury/taxation/pdf/other_forms/inheritance/itl8.pdf

NJ Inheritance Tax Affidavit of Resident Requesting Property Tax Waiver (Form L-9)

This form may be used in many instances to secure a tax waiver for real estate without the necessity of filing a tax return with the Division of Taxation.  Form L-8 may not be used if the taxable estate plus adjusted taxable gifts as determined in accordance with the provisions of the Internal Revenue Code in effect on December 31, 2001 exceeds $675,000. Form L-9 may not be used if the gross estate plus adjusted taxable gifts as determined in accordance with the provisions of the Internal Revenue Code in effect on December 31, 2001 exceeds $675,000. A copy of Form L-8 can be downloaded from the following link:

http://www.state.nj.us/treasury/taxation/pdf/other_forms/inheritance/itl9.pdf

In situations where a Form L-8 and Form L-9 cannot be used, Form L-4 may be used to request the issuance of waivers prior to the filing of a New Jersey estate tax return.  A copy of Form L-4 can be downloaded from the following link:

http://www.state.nj.us/treasury/taxation/pdf/other_forms/inheritance/itl4.pdf

Given the complexities of Estate Taxes, we advise you to contact one of our experienced tax lawyers or estate planning attorneys at Einhorn Harris today. We handle tax and estate issues throughout New Jersey.