Form 60-038 - Election And Application For Deferral Of Inheritance Tax

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IN THE DISTRICT COURT OF IOWA
IN AND FOR ________________________________ COUNTY
IN THE MATTER OF THE ESTATE
PROBATE NUMBER _______________________
DEPT. OF REVENUE
Of __________________________ , DECEASED
NUMBER ________________________________
ELECTION AND APPLICATION FOR DEFERRAL OF INHERITANCE TAX
TO THE IOWA DEPARTMENT OF REVENUE
The undersigned beneficiaries make application for deferral of inheritance tax as follows:
1. That the following beneficiaries of this estate, from whom inheritance tax is due and owing, have elected to
defer the payment of said tax until the termination of a prior estate. The beneficiaries electing to defer are:
_______________________________________________________________________________________
_______________________________________________________________________________________
_______________________________________________________________________________________
2. That the property interest of the above-named beneficiaries on which the election to defer is made is described
as follows:
3. That the security for the payment of the inheritance tax due upon the termination of the prior estate is:
(1) A lien on the real estate, of which the deferred estate is a part.
(2) A bond in the sum of $ __________________________________________________________________
(3) _____________________________________________________________________________________
4. That the inheritance tax due from the other beneficiaries of this estate has been paid.
WHEREFORE, the undersigned requests that the Iowa inheritance tax due from the above-named beneficiaries on
the above-described property interest be deferred until the termination of the prior estate in said property.
Dated: ___________________________________
__________________________________________________
Dated: ___________________________________
__________________________________________________
Dated: ___________________________________
__________________________________________________
Dated: ___________________________________
__________________________________________________
Dated: ___________________________________
__________________________________________________
Signature of Beneficiaries
CERTIFICATE OF DEFERRAL OF INHERITANCE TAX
Pursuant to the foregoing election and application, the Iowa Department of Revenue hereby defers the Iowa
inheritance tax due from the above-named beneficiaries on the property interest described in the foregoing
application until the termination of the prior estate in said property. The Iowa Department of Revenue hereby
certifies that this deferral has been entered in the records of the Compliance Division of the Department and that the
security for payment of the deferred tax is as stated in said application.
IOWA DEPARTMENT OF REVENUE
By __________________________________________
60-038 (08/20/09)

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