Tennessee Application for Inheritance Tax Waiver

Application for Inheritance Tax Waiver
Application for Tennessee Inheritance Tax Waiver
TENNESSEE DEPARTMENT OF REVENUE

APPLICATION FOR TENNESSEE INHERITANCE TAX WAIVER
NOTICE: BEFORE COMPLETING THIS FORM READ EVERY ITEM CAREFULLY. PLEASE ANSWER ALL QUESTIONS. (IF
A QUESTION DOES NOT APPLY, INDICATE NOT APPLICABLE.) This application must be submitted with the first request.
Upon approval of this application, future releases can be issued by submission of the completed Inheritance Tax Release form.
ESTATE OF

(give complete name)

COUNTY OF

(resident county of decedent)

DATE OF DEATH
SOCIAL SECURITY NO.
1. Has a representative been duly appointed and qualified by the probate, chancery, or county clerk? Yes

No

a. If yes, give name of representative
The inheritance tax return is not required if the gross estate of a resident decedent is less than the single exemption allowed
by T.C.A. Section 67-8-316, the representative of the estate may file the Short-Form Inheritance Tax Return. In the case
of resident decedent's dying between 2006 and 2012 the allowable exemption is $1,000,000; in 2013 the allowable
exemption is $1,250,000; in 2014 the allowable exemption is $2,000,000; in 2015 the allowable exemption is
$5,000,000. The Tennessee inheritance tax will not apply to estates of decedents dying in 2016 or thereafter.
b. If no; please enclose a copy of the will ( ___ ) check if no will.
2. Has an Inheritance Tax Return been filed? Yes
2a. If no, will the return be filed by the due date?

No
Yes

No

2b. If yes, give date filed and account number (if known)
Question 3 enables the department to determine the taxable status of the estate. List all assets including jointly owned
property and life insurance. If more space is needed, attach a separate sheet.
Skip Question 3 if the estate meets either of the following criteria:
1. A Tennessee inheritance tax return has been filed by the estate, or
2. A Tennessee inheritance tax return will be filed by the estate within nine (9) months of death.
In all other circumstances, Question 3 must be answered.
3. Please provide the following information concerning assets of the estate, valuation of assets, and heirs of the estate.
(a) Real property-including jointly-held property.
Location
Fair Market Value $
(b) Personal property-including jointly-held property (stocks, bonds and other securities, bank accounts, certificates or
money market accounts, life insurance, tangible personal effects, business interests and partnerships, and any other
tangible or intangible assets).
VALUE

DESCRIPTION

Total value of assets
(If additional space is needed attach sheet to form)

$

4. Beneficiaries of the estate are:
Relationship to decedent

Name

5. Please list below the name and address of the qualified representative or attorney for the above estate. A daytime phone
number should be furnished in order that any questions may be resolved.
Name
Signature of applicant

Address
Address of Applicant

Daytime phone number
Date of Application

Instructions for completing the Inheritance Tax Release for Real or Personal Property are on the back of this form.
RV-F1400301 (Rev. 6-12)

IMPORTANT: READ THE FOLLOWING INSTRUCTIONS BEFORE COMPLETING THE FORM-INHERITANCE TAX RELEASE FOR REAL OR
PERSONAL PROPERTY.
1. If a return has not been filed and an administrator or executor has not been appointed by the court, issuance of the
waiver may be delayed to permit an investigation.
2. A release for real estate in a non-resident estate will not be issued until a return is filed or sufficient information
provided to determine no tax liability to the State of Tennessee.
APPLICATION ON FILE: Check "Yes" if application has previously been filed.
APPLICATION ATTACHED: Complete the application and mail it with the release form(s). File the application one time. Do not
file additional applications with future release forms.
Description of Property must be explicit. Complete one release form for each asset. Provide the following information for each
asset requiring a waiver (release):
STOCK: Corporate name, type of stock, trading symbol, number of shares or units.
BOND: Name, type of bond, face amount, interest rate, maturity date.
CREDIT UNIONS: Release is not required.
BANK ACCOUNTS CERTIFICATES OF DEPOSIT, SAVINGS BOND: Release is not required.
INSURANCE OR RETIREMENT: Release is not required.
REAL ESTATE: Sufficient legal description (location, map, parcel).
AUTOMOBILE: Release is not required.
SIGNATURE: The personal representative appointed by Probate Court, or designated by will, or the estate attorney must sign.
Releases will not be approved if signed by anyone else.
ADDRESS: Waiver (release) will be mailed to the address within the address block.
Type or print name, address, city, state, and zip code.
After completing the release form, keep the pink copy for your records. Mail the original and the yellow copy along with the application
to the:
Tennessee Department of Revenue
500 Deaderick Street
Nashville, TN 37242-0100
For assistance call:

For forms only call:

Nashville (615) 532-6444
Memphis (901) 213-1400
Knoxville (865) 594-6100
Chattanooga (615) 634-6266
Taxpayer and Vehicle Services
Nashville (615) 741-4466

LIMITED POWER OF ATTORNEY
I (we), the authorized representative(s) of the estate listed above, do hereby appoint the following as agent(s) to represent the estate before
the Tennessee Department of Revenue:
Agent(s) Information
Name of Agent _________________________________________________________
Title __________________________________________________________________
Address ______________________________________________________________
Phone ( ) ____________________________________________________________
Name of Agent _________________________________________________________
Title __________________________________________________________________
Address ______________________________________________________________
Phone ( ) ____________________________________________________________
This power shall include any and all acts necessary to obtain inheritance tax waivers on the aforementioned estate. The agent(s) is (are)
authorized to receive and inspect confidential tax information and to perform any and all acts that I (we) can perform with respect to obtaining
inheritance tax waivers. The authority does not include the power to receive refund checks, the power to substitute another agent, or the
power to sign tax returns.
Signature _____________________________________________________________
Print Name ____________________________________________________________
Title __________________________________________________________________

Date _____________

Signature _____________________________________________________________
Print Name ____________________________________________________________
Title __________________________________________________________________

Date _____________

NOTE: Department of Revenue personnel are prohibited from granting access to the estate's tax information to persons handling
Tennessee inheritance tax waivers for the estate absent authorization through a limited power of attorney executed by the authorized
representative(s) of the estate or other legal authorization.