Maryland Form Mw506ae - Application For Certificate Of Full Or Partial Exemption - 2014 Page 4

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stated on the application as the taxable amount.
Signature(s)
Transferor/seller is receiving zero proceeds from this
Form MW506AE must be signed by an individual (both taxpayer
transaction.
and spouse, if filing a joint Maryland income tax return), or a
responsible corporate officer.
Note: This situation applies when all proceeds go to a third
party. This does not apply if you receive ANY proceeds.
Please include a daytime telephone number where you can be
reached between 8:00 AM and 5:00 PM.
Required documentation in addition to that on page 1. A copy of
a letter from the transferor/seller to the title company advising
If you would like to be contacted by email in the event that more
information is needed to process your application, please include
they are to receive zero proceeds from the sale and advising to
whom the proceeds are to go; a copy of the acknowledgment
your email address and check the box allowing us to contact you
letter from the title company to the transferor/seller that all
by email. The exemption certificate, if issued, will not be emailed
proceeds are to go to a third party.
to you.
Transfer is pursuant to an installment sale under §453 of
Your signature(s) signifies that your application, including all
the Internal Revenue Code.
attachments, is, to the best of your knowledge and belief, true,
correct and complete, under penalties of perjury.
Required documentation in addition to that on page 1. Copy of
contract of sale or copy of HUD-1 settlement sheet from the title
If a power of attorney is necessary, complete federal Form 2848
company; copy of promissory note to transferor which will be
and attach to your application.
executed by transferee at settlement. That portion of the total
Where to File
payment that the transferor receives at or within sixty (60) days
Mail the completed form and all attachments to:
of settlement must be stated on the application as the taxable
Comptroller of Maryland
amount.
Revenue Administration Division
Transfer of inherited property is occurring within 6
Attn: NRS Exemption Requests
months of date of death.
P.O. Box 2031
Required documentation in addition to that on page 1. Provide a
Annapolis, MD 21404-2031
copy of the death certificate and a copy of the estimated HUD-1
OR
settlement sheet from the title company.
E-mail the completed form and all attachments to nrshelp@
Transfer is pursuant to a specific Internal Revenue Code
comp.state.md.us
section. Please see addendum.
Note: The e-mail submission will not expedite the processing of
Address to Mail Certificate if Issued
your application. If you are e-mailing large attachments, send
multiple smaller e-mails.
Please provide the name and address of the title company or
settlement agent to whom we should mail the exemption certifi-
Submit your application via only one method.
cate if issued. If you do not know the identity of the title com-
Additional Information
pany or settlement agent at the time you complete this form,
For additional information visit , e-
you must email the name and address to NRShelp@comp.state.
mail nrshelp@comp.state.md.us or call 1-800-MDTAXES (1-800-
md.us as soon as possible. You must provide a mailing address
638-2937) or 410-260-7980 in Central Maryland.
to avoid delay in recording the sale.

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