Form 33 - Idaho Estate And Transfer Tax Return Page 3
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3IA00521-3
11-30-06
INSTRUCTIONS FOR IDAHO FORM 33
GENERAL INFORMATION
Idaho Form 33 must be filed for the estate of every decedent
A copy of the Federal Estate Tax Return, approved extensions,
who:
copy of the will, copy of any trust agreements, and all attach-
• Died prior to January 1, 2005,
ments required to be filed with the Federal Estate Tax Return
• Owned property in Idaho, and
must be filed with this return.
• Is required to have a Federal Estate Tax Return filed.
If an amended Federal Estate Tax Return is filed, an amended
This return must be filed by the personal representative of the
Idaho Estate and Transfer Tax Return must immediately be
estate. "Personal representative" means the personal repre-
filed along with a copy of the amended Federal Estate Tax
sentative of the decedent or, if there is no personal representa-
Return. Payment of any additional tax due, together with any
tive appointed, any person who is in actual or constructive
applicable interest and penalty, must accompany the Idaho
possession of any property included in the gross estate of the
return.
decedent.
Written notice of any changes in the federal estate tax liability
This return is due and any tax liability is payable within nine
must be submitted to the Idaho State Tax Commission, along
months from the date of death.
with payment of any tax due, within 60 days of the date of the
federal determination.
SPECIFIC INSTRUCTIONS
For an extension of time to file, the Idaho State Tax Commis-
file the return or pay the remaining tax by the extended due date
sion must receive a copy of the Federal Extension Request
the following penalties will apply:
within 30 days after it is issued.
•
If the return is filed on or before the extended due date, a
Line 2. Enter the value of property subject to death taxes of
0.5% per month late payment penalty will be computed on tax
other states.
due from the extended due date to date of payment, or
•
If the return is filed after the extended due date, a 5% per
Lines 3 and 11. If the estate has property in more than one
month late filing penalty will be computed on tax due from the
Idaho county, check the box. Use the schedule on the back of
extended due date to the date the return is filed.
the form to list the property values in each county. If there is
more than one property in a county add the values of all
If you do not pay at least 80% of the tax due on the return or
properties in the county and enter the total value on the line for
100% of the total tax by the original due date the following
that county.
penalties will apply:
•
Lines 4. Property located in Idaho includes all real property
If the return is filed by the original due date, a 0.5% per month
and all tangible and intangible personal property in which the
late payment penalty will be computed on tax due from the
decedent had an interest. It does not include real property
original due date of the return to the date of payment.
•
located in another state.
If the return is filed on or before the extended due date and
the tax is paid on or before the extended due date, a 2% per
Lines 12. Property located in Idaho includes all real and
month extension penalty will be computed on tax due from the
tangible property in which the decedent had an interest that has
original due date to the earlier of the date the tax is paid or
situs in Idaho.
date return is filed, plus a 0.5% per month late payment
penalty will be computed on tax due from the date the return
Line 16. Interest is charged on the amount of tax due, line15,
is filed to the date the tax is paid, if the tax is paid after the
from the original due date until paid. The rate for 2004 , 2005
return is filed.
•
and 2006 is 6%. The rate for 2007 is 7%.
If the return is filed on or before the extended due date but the
tax is paid after the extended due date, a 2% per month late
PENALTY
filing penalty will be computed on tax due from the original
due date of the return to the date the return is filed, plus a
Line 17. If you file your return after the due date or fail to pay the
0.5% per month late payment penalty will be computed on tax
required amount by the due date, a penalty may be due.
due from the date the return is filed to the date the tax is paid.
•
If both the return is filed and the tax is paid after the extended
•
Pay by the original due date at least 80% of the tax due on the
due date, a 5% per month late filing penalty will be computed
return or 100% of the total tax reported last year, and
on tax due from the original due date of the return to the
•
File the return and pay the tax due by the extended due date.
earlier of the date the return is filed or the date tax is paid.
If you pay at least 80% of the tax due on the return or 100% of
The minimum penalty is $10. The maximum penalty is 25% of
the total tax reported last year by the original due date, but fail to
tax due.
IDAHO STATE TAX COMMISSION
ESTATE TAX SECTION
PO BOX 36
BOISE, ID 83722-0
410
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