{"id":2725,"date":"2015-01-20T13:36:27","date_gmt":"2015-01-20T18:36:27","guid":{"rendered":"http:\/\/resources.evans-legal.com\/?p=2725"},"modified":"2015-07-05T11:12:03","modified_gmt":"2015-07-05T15:12:03","slug":"updated-inheritance-tax-forms","status":"publish","type":"post","link":"https:\/\/resources.evans-legal.com\/?p=2725","title":{"rendered":"Updated Inheritance Tax Forms"},"content":{"rendered":"

The Pennsylvania Department of Revenue has announced the release of new inheritance tax forms designed to “enhance processing efficiency.”\u00a0 Tax Update, No. 177<\/a> (Dec. 2014\/Jan. 2015).<\/p>\n

According to the Department:<\/p>\n

\n
The newly designed form has revised Ovals 4 through 11 and added Ovals 12, 13 and 14,as described below:<\/div>\n
<\/div>\n
\u2022 Oval 4 will be used when the estate is claiming an agricultural exemption.<\/div>\n
<\/div>\n
\u2022 Oval 11 will now be used to report non-probate transfers by the transferee that will not be reported on the probate return. Taxpayers should now use this oval in lieu of the Advance Payment Worksheet for such situations.<\/div>\n
<\/div>\n
\u2022 Oval 13 will be used to indicate that the estate contains business assets, whether an exemption is being claimed or not.<\/div>\n
<\/div>\n
\u2022 Oval 14 will indicate that the spouse is the sole beneficiary of an estate whereby the assets pass outright and not in trust.<\/div>\n
<\/div>\n
In addition to the aforementioned changes, the requirement for the surviving spouse Social Security number has been eliminated; there is a new data-captured box for date stamp entry, which will enable the department to track returns based on the order in which they were filed; and the signature section has been moved to the bottom of the second page to accommodate the date stamp box.<\/div>\n
\n
<\/div>\n
The REV-1501 Instruction Book is being replaced by new REV-1500 Instructions, a seven-page document for the preparation and filing of the Inheritance Tax return, REV-1500. Separate instruction sheets corresponding to most of the individual schedules will be available.<\/p>\n
<\/div>\n
The department has also created a new pamphlet, REV-720, containing general information regarding the Pennsylvania inheritance tax.<\/div>\n
<\/div>\n
Forms and schedules are available at www.revenue.pa.gov<\/div>\n
or by calling the department\u2019s form ordering service at 1-800-362-2050.<\/div>\n<\/div>\n<\/div>\n<\/blockquote>\n","protected":false},"excerpt":{"rendered":"

The Pennsylvania Department of Revenue has announced the release of new inheritance tax forms designed to “enhance processing efficiency.”\u00a0 Tax Update, No. 177 (Dec. 2014\/Jan. 2015). According to the Department: The newly designed form has revised Ovals 4 through 11 … Continue reading →<\/span><\/a><\/p>\n","protected":false},"author":6,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"pmpro_default_level":"","footnotes":""},"categories":[314,29],"tags":[198,358],"class_list":["post-2725","post","type-post","status-publish","format-standard","hentry","category-forms","category-news-items","tag-inheritance-tax","tag-rev-1500","pmpro-has-access"],"_links":{"self":[{"href":"https:\/\/resources.evans-legal.com\/index.php?rest_route=\/wp\/v2\/posts\/2725","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/resources.evans-legal.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/resources.evans-legal.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/resources.evans-legal.com\/index.php?rest_route=\/wp\/v2\/users\/6"}],"replies":[{"embeddable":true,"href":"https:\/\/resources.evans-legal.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=2725"}],"version-history":[{"count":3,"href":"https:\/\/resources.evans-legal.com\/index.php?rest_route=\/wp\/v2\/posts\/2725\/revisions"}],"predecessor-version":[{"id":2728,"href":"https:\/\/resources.evans-legal.com\/index.php?rest_route=\/wp\/v2\/posts\/2725\/revisions\/2728"}],"wp:attachment":[{"href":"https:\/\/resources.evans-legal.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=2725"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/resources.evans-legal.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=2725"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/resources.evans-legal.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=2725"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}