Estate Tax Form 2 - Ohio Estate Tax Return For All Resident Filings For Dates Of Death Page 21
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23General Information
When an estate tax
Estates with a gross value over $25,000 are required to file an ET Form 2. Executors and
administrators are responsible for filing the estate tax return.
return is required
(Section 5731.21)
Returns are not required to be filed for gross estates with a value of $25,000 or less. However,
if the estate consists of real estate and has a value of $25,000 or less, an ET Form 22,
Part B should be filed with the probate court. This will expedite the release of the
real estate lien.
What estate tax form
If the date of death was before July 1, 1993, Ohio Estate Tax Return, Revised 7/90, is
required to be filed.
is required to be
completed
If the date of death was on or after July 1, 1993, Ohio Estate Tax Return, Revised 3/99, is
(Section 5731.21)
required to be filed.
When and where
Returns are required to be filed within nine months from decedent’s date of death. All filings
must be made in duplicate with the probate court where will is probated or estate is adminis-
to file (Section 5731.21)
tered.
When and where to
Interest begins to accrue at variable rates nine months from decedent’s date of death. The
county auditor will calculate any interest owing. Tax and interest are paid at the county auditor’s
pay (tax and interest)
office, with the check drawn to the order of the county treasurer.
(Section 5731.23)
Extension of time
The estate representative may apply for an extension of time to file by submitting an ET form
24. This form should be completed and mailed directly to the Estate Tax Unit before the due
to file (Section 5731.21)
date of the return. An extension, if granted, is for a maximum of six months per request.
If any further extensions are necessary, another ET form 24 should be submitted within the
extended period. Interest from the estate tax due is assessed and payable regardless of
whether an extension of time to file has been applied for and approved. To stop the accrual of
interest, an estimated payment of tax may be made. (See explanation of estimated payments
on page 20.)
Extension of time
Estates of decedents with a date of death on or after July 24, 1986 may request to extend the
to pay (Section 5731.25)
time for payment of tax for undue hardship. Specific examples of undue hardship are listed in
the Ohio Revised Code and include, but are not limited to, the following: (1) insufficient liquid
funds despite efforts to convert assets to cash; (2) a substantial portion of the assets of the
gross estate consisting of rights to receive payments in the future; and (3) the inability to
accurately determine the size of the gross estate because a substantial portion of the
decedent’s assets is subject to litigation.
The estate must request this extension on the ET Form 41, no later than 45 days before the
due date of the estate tax return. This form must be filed directly with the Estate Tax Unit.
Additional extensions must be filed not less than thirty (30) days before the expiration of the
previous extension. Each extension is granted for no more than one year per request. Addi-
tional extensions may be granted annually up to a maximum of 14 years. For further informa-
tion, please refer to ET Bulletin 3A.
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