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Pennsylvania Free Printable Schedule M - Future Interest Compromise (REV-1647) for 2024 Pennsylvania Schedule M - Future Interest Compromise

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Schedule M - Future Interest Compromise
Schedule M - Future Interest Compromise (REV-1647)

REV-1647 EX+ (01-15) SCHEDULE M FUTURE INTEREST COMPROMISE INHERITANCE TAX RETURN RESIDENT DECEDENT START ESTATE OF FILE NUMBER ➜ This schedule is appropriate only for estates of decedents who died after Dec. 12, 1982. This schedule is to be used for all future interests where the rate of tax that will be applicable when the future interest vests in possession and enjoyment cannot be established with certainty. Indicate below the type of instrument that created the future interest and attach a copy to the tax return. I. o Beneficiaries Will o NAME OF BENEFICIARY o Trust RELATIONSHIP Other DATE OF BIRTH DD/MM/YYYY AGE TO NEAREST BIRTHDAY 1. 2. 3. 4. 5. II. For decedents who died on or after July 1, 1994, if a surviving spouse exercised or intends to exercise a right of withdrawal within nine months of the decedent’s death, check the appropriate box below and attach a copy of the document in which the surviving spouse exercises such withdrawal right. III. o Unlimited right of withdrawal Explanation of Compromise Offer: o Limited right of withdrawal IV. Summary of Compromise Offer: 1. Amount of future interest . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 2. Value of Line 1 exempt from tax as amount passing to charities, etc. (Also include as part of total shown on Line 13 of REV-1500.) . . . . . . . . $ 3. Value of Line 1 passing to spouse at appropriate tax rate Check one. o 6%, o 3%, o 0% . . . . . . . . . . . . . . . . . . . . $ (Also include as part of total shown on Line 15 of REV-1500.) 4. Value of Line 1 taxable at lineal rate Check one. o 6%, o 4.5% . . . . . . . . . . . . . . . . . . . . . . . . . $ (Also include as part of total shown on Line 16 of REV-1500.) 5. Value of Line 1 taxable at sibling rate (12%) (Also include as part of total shown on Line 17 of REV-1500.) . . . . . . . . $ 6. Value of Line 1 taxable at collateral rate (15%) (Also include as part of total shown on Line 18 of REV-1500.) . . . . . . . . $ 7. Total value of future interest (sum of Lines 2 thru 6 must equal Line 1) . . . . . . . . . . . . . . . . . . . . . . $ If more space is needed, use additional sheets of paper of the same size. Reset Entire Form Return to top of page. PRINT FORM
Extracted from PDF file 2023-pennsylvania-form-rev-1647.pdf, last modified March 2010

More about the Pennsylvania Form REV-1647 Estate Tax TY 2023

We last updated the Schedule M - Future Interest Compromise in February 2024, so this is the latest version of Form REV-1647, fully updated for tax year 2023. You can download or print current or past-year PDFs of Form REV-1647 directly from TaxFormFinder. You can print other Pennsylvania tax forms here.


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Related Pennsylvania Estate Tax Forms:

TaxFormFinder has an additional 174 Pennsylvania income tax forms that you may need, plus all federal income tax forms. These related forms may also be needed with the Pennsylvania Form REV-1647.

Form Code Form Name
REV-1647 (Instructions) Schedule M - Future Interest Compromise (Instructions)

Download all PA tax forms View all 175 Pennsylvania Income Tax Forms


Form Sources:

Pennsylvania usually releases forms for the current tax year between January and April. We last updated Pennsylvania Form REV-1647 from the Department of Revenue in February 2024.

Show Sources >

About the Estate Tax

The IRS, and many states, impose an estate tax on the transfer of cash and property between a decedent and their beneficiaries. These taxes generally only apply to estates over a certain size threshold, generally several million dollars, and therefore only affects the largest few percent of estates in the United States.

Historical Past-Year Versions of Pennsylvania Form REV-1647

We have a total of twelve past-year versions of Form REV-1647 in the TaxFormFinder archives, including for the previous tax year. Download past year versions of this tax form as PDFs here:


2023 Form REV-1647

Schedule M - Future Interest Compromise (REV-1647)

2022 Form REV-1647

Schedule M - Future Interest Compromise (REV-1647)

2021 Form REV-1647

Schedule M - Future Interest Compromise (REV-1647)

2020 Form REV-1647

Schedule M - Future Interest Compromise (REV-1647)

2019 Form REV-1647

Schedule M - Future Interest Compromise (REV-1647)

2018 Form REV-1647

Schedule M - Future Interest Compromise (REV-1647)

2017 Form REV-1647

Schedule M - Future Interest Compromise (REV-1647)

2016 Form REV-1647

Schedule M - Future Interest Compromise (REV-1647)

Forms/Publications 2015 Form REV-1647

Schedule M - Future Interest Compromise (REV-1647)

Forms/Publications 2014 Form REV-1647

Schedule M - Future Interest Compromise (REV-1647)

forms/publications 2012 Form REV-1647

Schedule M - Future Interest Compromise (REV-1647)

forms/publications 2011 Form REV-1647

Schedule M - Future Interest Compromise (REV-1647)


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