Form ET 85 New York State Estate Tax Certification Revised 2

What is the Form ET 85 New York State Estate Tax Certification Revised 2

The Form ET 85 is a crucial document used in New York State for estate tax certification. This form is specifically designed to certify that the estate has met all tax obligations under New York State law. It is typically required when transferring property or assets from a deceased individual to their heirs or beneficiaries. The form ensures compliance with state tax regulations and helps facilitate the smooth transfer of assets.

Steps to complete the Form ET 85 New York State Estate Tax Certification Revised 2

Completing the Form ET 85 involves several key steps:

• Gather necessary information: Collect all relevant details about the deceased, including their full name, date of death, and the estate's total value.
• Complete the form: Fill out the required fields accurately, ensuring all information is correct and complete.
• Attach supporting documents: Include any necessary documentation that supports the information provided on the form, such as tax returns or financial statements.
• Review the form: Carefully check for any errors or omissions before submission.
• Submit the form: Send the completed form to the appropriate New York State tax authority by the specified deadline.

Legal use of the Form ET 85 New York State Estate Tax Certification Revised 2

The Form ET 85 serves a legal purpose in the estate settlement process. By certifying that all estate tax obligations have been fulfilled, this form protects the interests of both the estate and the beneficiaries. It is essential for legal compliance and helps prevent future disputes regarding the estate's tax status. Failure to submit this form may result in penalties or delays in the distribution of assets.

Key elements of the Form ET 85 New York State Estate Tax Certification Revised 2

Understanding the key elements of the Form ET 85 is vital for accurate completion. The form typically includes:

• Decedent's information: Full name and date of death.
• Estate details: Total value of the estate and any relevant tax identification numbers.
• Certification statement: A declaration confirming that all estate taxes have been paid or are not applicable.
• Signature: The form must be signed by the executor or administrator of the estate, affirming the accuracy of the information provided.

Filing Deadlines / Important Dates

Timely submission of the Form ET 85 is critical. The filing deadline typically coincides with the estate tax return due date, which is nine months after the decedent's date of death. It is essential to be aware of any specific dates or extensions that may apply. Missing the deadline can lead to penalties and complications in the estate settlement process.

Who Issues the Form

The Form ET 85 is issued by the New York State Department of Taxation and Finance. This agency oversees the collection of state taxes and ensures compliance with tax laws. It is important to obtain the most current version of the form directly from the department to ensure compliance with any updates or changes in regulations.