Form 2357 - Request For Waiver Of The Michigan Estate Tax Lien Page 2
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1
2Instructions for Form 2357,
Waiver of the Michigan Estate Tax Lien
The Michigan estate tax is a lien on the gross estate until the tax
If a payment is required, complete the Michigan Estate Tax
is paid in full. If real estate is being transferred before the tax is
Estimate Voucher (Form 2527). Send the payment, the estimate
paid, a waiver of the Michigan estate tax lien must be requested.
voucher and this waiver request to:
Estate Tax Section
Complete the front of this form. Enter the reason code from the
list below on line 10. Attach copies of required documents to this
Michigan Department of Treasury
form.
Lansing, MI 48922
Reason
Reason
Code
Code
1
Part of the real estate must be sold to pay claims
5
The real property was sold after the due date of the
against the estate or administration expenses. This
return, including extensions, and a payment is en-
waiver may be honored even if other assets are
closed with this waiver request for the lesser of:
available. Send an itemized list of the debts of the
• 16 percent of the net cash proceeds (complete
decedent and expenses which will be paid from the
the worksheet below), or
proceeds of the estate.
• the amount of tax shown due on the return.
2
No tax liability exists, or the liability has been fully
discharged or provided for. Send a copy of a finan-
If you use this reason code, include a copy of the
cial statement of all probate and non-probate assets
purchase agreement.
and liabilities.
6
An estimated payment equal to the estate tax due is
3
A lien has been recorded with the county where the
enclosed. Send a detailed schedule showing the
property is located and the full amount of the lien has
value of the estate and the estimated tax due.
been paid or is enclosed.
7
An estimated payment equal to the tax shown on the
4
The real property was sold before the due date of
enclosed probate court order is enclosed.
the estate tax return, including extensions. Pay-
ment equal to 8 percent of net cash proceeds is
8
The seller or mortgagor is a surviving joint tenant or
enclosed. Complete the Net Cash Proceeds
tenant by the entireties. Send a copy of the deed or
Worksheet below. If you use this reason code,
other legal document showing ownership.
include a copy of the purchase agreement.
Net Cash Proceeds WORKSHEET
If you are requesting a waiver based on reason code 4 or 5, complete this worksheet and include it with your request.
1. Gross sales price (including land contracts accepted as part of sales proceeds)............ 1.
.00
TOTAL EXPENSES TO BE PAID BY THE SELLER OR MORTGAGOR
2. Sales commissions ............................................................... 2.
.00
3. Encumbrances and liens at the date of death, including
interest to the date of closing. ............................................... 3.
.00
4. Transfer taxes ....................................................................... 4.
.00
5. Title insurance premiums and fees paid to the
title insurance company ....................................................... 5.
.00
6. Total expenses. Add lines 2 through 5. .......................................................................... 6.
.00
7. Net cash proceeds. Subtract line 6 from line 1. ................................................................ 7.
.00
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