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Form 966 Everett Washington: What You Should Know

O. Box 7 Olympia WA 98 Failed to make a request? There are legal alternatives to pay-on-death, including death benefit payment and a state law option. The most comprehensive list of methods, including deadlines, can be found in the online form instructions on the WA State Health Resources website. 3. How soon do I have to turn the money over to the state or local government? You have 10 business days after the date you signed over the money, or up to 2 years after the date of your death, whichever comes first. If you have no estate tax return filed, and neither your income nor estate tax return filed, your estate tax return needs to be filed to take advantage of the return-free distribution option. For more information about return-free distributions visit the Taxpayer FAQ. 4. What if I don't want to pay anything? You may want to consider filing a Form 5329, Notice to Pay Tax on a Decedent's Deceased Personal Property. A Form 5329 is issued by the IRS when the decedent's or estate's property was acquired as a trade or business. The Notice To Pay Tax is not for the estate or for the state or local government. If you do not want the amount of tax you owe to the state or local taxes, you may want to consider filing a Form 5329, Notice To Pay Tax on a Deceased Personal Property. A Form 5329 is issued by the IRS when the decedent's or estate's property was acquired as a trade or business.

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