Form M-4768a - Application For Extension Of Time To Pay Massachusetts Estate Tax Page 2
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2Form M-4768A Instructions
Who May File
must be paid before the expiration of such period, plus the
interest thereon from the original due date of the return, to
This application may be filed by an executor or administra-
the date of payment.
tor, or if there is no executor or administrator appointed,
qualified and acting within the Commonwealth, then by any
Note: An extension of time to pay does not extend the due
person in actual or constructive possession of any property
date for filing of the return. Form M-4768, Application for
of the decedent.
Extension of Time to File Massachusetts Estate Tax Return,
may be filed, if necessary.
Due Date of Massachusetts Estate Tax
Return, Form M-706
When to File
Form M-706, Estate Tax Return, is due within nine months
File this application sufficiently early to permit the Mass-
after the date of decedent’s death (with respect to those
achusetts Estate Tax Bureau to consider the application
estates of decedents dying on or after January 1, 1976). The
and reply before the due date of the return. An extension of
tax is due at the time of filing the return.
time to pay shall only be granted if application is made prior
to the due date of the return.
Specific Instructions
How and Where to File
An extension of time to pay must be for a reasonable period,
not to exceed six months. If, however, the Commissioner
Complete this form in duplicate and file with the Massachu-
finds that payment on the due date would result in undue
setts Department of Revenue, Estate Tax Bureau, PO Box
hardship, he may extend the payment date for a period not
7023, Boston, MA 02204.
in excess of three years from the due date of the tax.
Interest
An application based on reasonable cause must establish
Any unpaid portion of the tax finally determined to be due
why it is impossible or impracticable for the executor to pay
will bear interest from the original due date of the return to
the full amount of the estate tax on or before the due date.
the date of payment.
An application based on undue hardship must establish
such undue hardship that would result to the estate if the
Penalties
application is denied.
If the Massachusetts Estate Tax is not timely paid, a penalty
¹⁄₂% per month, or fraction
This application will be granted only for the amount of the
shall be imposed at the rate of
cash shortage. The amount of the estate tax, the cash
thereof, to a maximum of 25% of the unpaid balance.
shortage and the balance due should be indicated. Make a
If the Massachusetts Estate Tax Return is not timely filed,
check payable to the Commonwealth of Massachusetts for
a penalty shall be imposed at the rate of 1% per month,
the balance due. Enter the decedent’s Social Security num-
or fraction thereof, to a maximum of 25% of the unpaid
ber on the check.
balance.
The Massachusetts Estate Tax Bureau will complete the
form and return a copy to the applicant. If the application is
Bond
approved, attach a copy to the estate tax return filed. The
If an extension of time to pay is granted, the executor may
part of the estate tax for which the extension is granted
be required to furnish a bond.
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