To submit this form, send it to the New Jersey Division of Taxation at PO Box 249, Trenton, New Jersey 08695-0249. Alternatively, fax your completed form to (609) 292-9001. Ensure all documentation is complete and accurate prior to submission to avoid delays.

Important filing deadlines for the Transfer Inheritance Tax in New Jersey must be adhered to within eight months of the decedent’s death. For 2024 and 2025, ensure all required tax forms are submitted promptly to avoid potential penalties. Key dates include January 1 for tax rate updates and July 1 for statutory changes.

The purpose of this form is to facilitate compliance with New Jersey's Transfer Inheritance Tax obligations. It serves to accurately report assets passed from a decedent to their beneficiaries, ensuring proper assessment of applicable taxes. By filling out this form, beneficiaries and executives can navigate tax liabilities effectively, securing their rightful inheritances.

• 1. Decedent's Information: Fields to enter the decedent’s name, date of death, and other personal details.
• 2. Beneficiary Information: Sections for listing beneficiaries, their relationship to the decedent, and any pertinent identification.
• 3. Property Details: Spaces for declaring inherited property, its value, and relevant tax implications.
• 4. Exemptions Claimed: Fields to list any exemptions being applied to the inheritance tax.
• 5. Executor Information: Details about the individual handling the estate, including their contact information.

Failing to submit this form on time can lead to penalties and interest on the due tax amount. The state will notify executors and beneficiaries about the failure to file, which may complicate estate proceedings.

• Penalties for Late Filing: Fines may incur the longer the form remains unfiled, increasing with the delay.
• Interest Accumulation: Interest on unpaid taxes will accrue until the total amount is settled.
• Compromised Estate Settlement: Delays in filing can lead to complications in the distribution of assets.

• 1. Upon Decedent's Death: Initiates the tax filing process for property transfer.
• 2. For Estate Executors: Used by the executor to report and manage estate taxes.
• 3. When Claiming Exemptions: Necessary to declare any exemptions applicable to the inheritance.