Delaware Real Estate Tax Return - Declaration of Estimated Income Tax
Extracted from PDF file 2019-delaware-form-5403.pdf, last modified November 2018
Real Estate Tax Return - Declaration of Estimated Income TaxReset REAL ESTATE TAX RETURN DECLARATION OF ESTIMATED INCOME TAX 1. Delaware Division of Revenue DO NOT WRITE OR STAPLE IN THIS AREA FORM 5403 820 N. French Street, P.O. Box 8763 Wilmington, DE 19899-8763 Form 5403 must be completed for all conveyances, and must be presented at the time of recording. Description and address of property transferred (include property tax parcel number): Tax Parcel Number: 2. County: New Castle Transferor/Seller is: 3. Kent Sussex Date of Transfer: Transferor or Seller acquired property by: Purchase Individual or Revocable Living Trust Corporation Trust or Estate Business Trust Partnership S Corporation Limited Liability Company Other: 4. Print Form Gift Inheritance 1031 Exchange Foreclosure/Repossession Other: Transferor/Seller’s name; SSN or EIN; and address to which correspondence is to be mailed after settlement. (Enter only one name and SSN or EIN per return. If more than one transferor/ seller, use separate forms for each; however, if Transferors/Sellers are spouses, enter only the primary taxpayer an ownership interest in any such non-individual transferor/seller.) Enter Social Security Number Name of Transferor/Seller Address City 5. State ZIP Code If applicable, check appropriate box. (Check no more than one box.) Transferor/seller is a resident (a) individual, (b) pass-through entity or (c) corporation, and not subject to withholding under 30 Del. C §§1126, 1606 or 1909; *df24018019999* Sale or exchange exempt from capital gain recognition; Gain realized excluded from income for tax year of sale or exchange. DF24018019999 Sale exempt due to foreclosure. (See Instructions) If any box in Section 5 is checked, DO NOT complete Sections 6, 7 and 8 below. No payment is due at this time. 6. Computation of payment and tax to be withheld. (See instructions.) 6.a Total sales price 6.b Less selling expenses /reductions to sale price 6.c Net sales price (Subtract line 6.b from line 6.a) 6.a $ 6.b $ 6.c $ 6.d Adjusted basis of property or liens paid at settlement 6.e Total gain (Subtract line 6.d from line 6.c) 6.d $ 6.e $ 6.f Delaware estimated income tax due - multiply line 6.e by 8.7% for C corp., and by 6.6% for all others NOTE: 7. 8. 6.f $ . Check this box if the transferor/seller is reporting gain under the installment method. No tax is payable at this time. Note: If completing this section, when you recognize any capital gain arising from the sale of property in the State of Delaware, you must report and remit the tax due to the State of Delaware on that transaction. Delaware estimated income t ax paid (See instructions). $ Under penalty of perjury, I declare that I have examined this return and to the best of my knowledge and belief, it is true, correct and complete. If prepared by a person other than the transferor/seller, the declaration is based on all information of which the preparer has any knowledge. Transferor/Seller, Please sign and print full name and title (if any): Signature (Revised 11/2018) Name Title
More about the Delaware Form 5403 Corporate Income Tax Estimated TY 2019
We last updated the Real Estate Tax Return - Declaration of Estimated Income Tax in February 2020, so this is the latest version of Form 5403, fully updated for tax year 2019. You can download or print current or past-year PDFs of Form 5403 directly from TaxFormFinder. You can print other Delaware tax forms here.
Other Delaware Corporate Income Tax Forms:
|Form Code||Form Name|
|Form 5403||Real Estate Tax Return - Declaration of Estimated Income Tax|
|Form 300||Delaware Partnership Return|
|Form 1100-EXT||Corporation Income Tax - Request For Extension|
|Form 6100||Occupancy Tax - Exemption Certificate|
|Form 300-Schedule-K1||Partners Share of Income|
Delaware usually releases forms for the current tax year between January and April. We last updated Delaware Form 5403 from the Division of Revenue in February 2020.
Form 5403 is a Delaware Corporate Income Tax form. While most taxpayers have income taxes automatically withheld every pay period by their employer, taxpayers who earn money that is not subject to withholding (such as self employed income, investment returns, etc) are often required to make estimated tax payments on a quarterly basis. Failure to make correct estimated payments can result in interest or penalties.
About the Corporate Income Tax
The IRS and most states require corporations to file an income tax return, with the exact filing requirements depending on the type of company.
Sole proprietorships or disregarded entities like LLCs are filed on Schedule C (or the state equivalent) of the owner's personal income tax return, flow-through entities like S Corporations or Partnerships are generally required to file an informational return equivilent to the IRS Form 1120S or Form 1065, and full corporations must file the equivalent of federal Form 1120 (and, unlike flow-through corporations, are often subject to a corporate tax liability).
Additional forms are available for a wide variety of specific entities and transactions including fiduciaries, nonprofits, and companies involved in other specific types of business.
Historical Past-Year Versions of Delaware Form 5403
We have a total of eight past-year versions of Form 5403 in the TaxFormFinder archives, including for the previous tax year. Download past year versions of this tax form as PDFs here:
While we do our best to keep our list of Delaware Income Tax Forms up to date and complete, we cannot be held liable for errors or omissions. Is the form on this page out-of-date or not working? Please let us know and we will fix it ASAP.