Instructions For Form It-1 - Inheritance Tax

When to file return

Signature and verification

If there is more than one executor, all listed executors must

You must file Form IT-1 within nine months after the date

of the decedent’s death, unless you request an extension of

verify and sign the return. All executors are responsible for

the return as filed and are liable for penalties provided for

time to file. See Extensions.

erroneous or false returns per ORS 118.990. This also applies

Payment

to amended returns.

The tax payment is due within nine months after the date of

Amended returns

the decedent’s death, unless you have requested an extension

Do you need to amend your Form IT-1, or did another taxing

of time for payment or an installment payment agreement

authority make a change to the estate? If yes, it is the duty of

and we have approved your extension of time to pay.

the executor or other responsible person to file an amended

If the tax paid with the return is different from the balance

Oregon return or notify the Oregon Department of Revenue

due as shown on the return, explain the difference in an

of the change in writing within 90 days.

attached statement. If we have granted an extension of time

Attach any schedules that have changed since the prior

to pay, attach a copy of the approved Form 4768 to Form IT-1,

return, and check the amended return box. If the asset value

and check the extension of time to pay box on Form IT-1.

is amended, provide substantiation, such as appraisals to

To assist us in posting your payment to your account, use

establish the new value.

Form IT-V, Oregon Inheritance Tax Payment Voucher. Do not

Include Form IT-V, Oregon Inheritance Tax Payment Voucher,

send Form IT-V without a payment.

with your tax payment for your amended return.

You may send payment prior to filing the return, with the

return, or after filing the return. Always include Form IT-V

Supplemental documents

with your check.

You must attach a photocopy of the death certificate to the

return. If the decedent was a citizen or resident and died

• Mail your check with your payment voucher if you want

testate, attach a photocopy of the will to the return.

to make prepayments.

• Enclose your check and payment voucher with your

Other supplemental documents may be required. Examples

return before mailing.

include federal Forms 712, 709, 709-A, and 706-CE, expert

valuations, independent fee appraisals, trust documents,

• Enclose your check and payment voucher by the original

and power of appointment instruments. Processing delays

due date of the return (without an extension) to avoid

will result if you do not file the required documents with

penalty and interest.

the return.

• Payments received after the original due date will be

If the decedent was a U.S. citizen but not a resident of the

applied first to penalty, interest, and then to tax.

United States, you must attach the following documents to

Extensions

the return:

To request an extension of time to file or pay, complete

• A copy of the inventory of property and the schedule

and mail the federal Form 4768 to the Oregon Department

of liabilities, claims against the estate, and expenses of

of Revenue before the original due date of the Form IT-1.

administration filed with the foreign court of probate

Oregon does not have a separate extension form.

jurisdiction, certified by a proper official of the court;

• A copy of the return filed under the foreign inheritance,

More than one type of extension is available for an inheri-

estate, legacy, succession tax, or other death tax act, certi-

tance tax return.

fied by a proper official of the foreign tax department, if

• An extension of time to file the return does not extend

the estate is subject to such a foreign tax; and

the time to pay the tax. You must specifically request an

• If the decedent died testate, a photocopy of the will.

extension of time to pay the tax.

Rounding off to whole dollars

• An extension of time to pay the tax does not extend

the time to file the return. You must specifically request

Enter amounts on the return and accompanying schedules

an extension of time to file the return. We will evaluate

as whole dollars only.

your extension of time to pay request and will send your

Example: $4,681.55 becomes $4,682; and $8,775.22 becomes

approval or denial back to you.

$8,775.

• Interest accrues during the extension period.

Late filing or late payment penalty

If you need an extension, file Form 4768 and check the box

for automatic extension and/or extension of time to pay.

If you do not file Form IT-1 or pay the inheritance tax due

When you file the return, check the extension box on Form

within 9 months after the date of death, the estate will be

IT-1 and attach a copy of the extension form.

subject to penalties. See instructions part 2, line 23.

150-103-001 (Rev. 08-11)

Instructions For Form It-1 - Inheritance Tax - 2011 Page 2

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