Instructions For Rev-571 Schedule C-Sb
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1Instructions for REV-571 Schedule C-SB
Small Business Exemption
REV-571 C-SB (02-15)
date of death. Attach copies of support-
GENERAL INFORMATION
GENERAL INSTRUCTIONS
ing documents.
Date of Death Value: Provide the fair
PURPOSE OF SCHEDULE
IMPORTANT: This Schedule
market value of the business interest on
is appropriate only for estates
Use REV-571 Schedule C-SB to report
the date of death.
of decedents dying on or after
a business interest for which you claim
July 1, 2013.
Owner Information
Provide the name, address and rela-
an exemption from inheritance tax
Business Information
tionship to the decedent of all transfer-
Provide the business name, EIN, date
under the “small business” exemption.
ees of the business interest which
business was established, the physical
qualifies for the “small business” ex-
location of the business, number of em-
emption. The mailing address will be
ployees, net book value and the fair
FORM INSTRUCTIONS
used by the department to send an an-
market date of death value of the inter-
nual certification form to verify compli-
est that qualifies for the “small busi-
Estate of
ance with the requirements of the small
ness” exemption.
business exemption.
Enter the complete name of the estate
Date Established: Indicate the exact
as shown on REV-1500, Pennsylvania
NOTE:
REV-571,
Schedule
date
the
business
entity
was
C-SB must accompany the return
Inheritance Tax Return.
established.
if a business interest qualifies for the
“small business” exemption. All informa-
File Number
Number of Employees: List the num-
tion verifying the qualifications of the
ber of full-time equivalent employees
Enter the file number of the estate as-
business interest must be presented
employed by the business on the date
with the return along with a written
signed by the Register of Wills as
of death.
statement explaining in detail how the
shown on REV-1500, Pennsylvania In-
Net Book Value: List the net book
business interest qualifies for the
heritance Tax Return.
value of assets of the business on the
claimed exemption.
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