What is Form ET-117?
Form ET-117, Release of Lien of Estate Tax, is a crucial document for property owners in New York State. This form is used to request the removal of an estate tax lien that secures payment for any unpaid estate taxes 15 years after a person's death. If you want to transfer or sell the property, obtaining this release is necessary to ensure that the tax lien does not hinder the process. By completing this form, you can facilitate the management of the estate's assets, making transactions smoother and more efficient.
What is Form ET-117 used for?
Form ET-117 is an important document for property transfers in New York State. Here’s what it does:
- Releases real property or cooperative apartments from an estate tax lien.
- Documents needed details about the property and estate tax.
- Ensures all forms are submitted for a successful release.
- Protects beneficiaries from being liable for unpaid estate taxes.
How to fill out Form ET-117?
- 1
Complete the form by entering the name and mailing address for return.
- 2
Provide the property description, including county, book of deeds, page number, map number, section, block, and lot numbers.
- 3
Specify if the property is real or cooperative.
- 4
Ensure all sections are accurately filled and documents are attached.
- 5
Mail the completed form to the NYS Estate Tax Processing Center (PO Box 15167, Albany NY 12212-5167).
Who is required to fill out Form ET-117?
The groups responsible for completing Form ET-117 include the appointed executor or administrator of the estate, or their authorized representative. If the executor has not yet received letters testamentary or letters of administration, they must use Form ET-85 instead.
After completion, the executor or representative submits Form ET-117 along with necessary documents to the Department of Taxation and Finance, facilitating the release of lien on the estate's property.
When is Form ET-117 not required?
You don’t need Form ET-117 if the estate tax lien is already discharged or if the property is exempt from estate tax. Additionally, if the estate doesn't have to file a New York State estate tax return, this form may not be necessary. Ensure all tax assessments are paid before applying for a release of lien.
When is Form ET-117 due?
The timing for submitting Form ET-117 depends on the circumstances of the estate and which form it is accompanying:
With Form ET-706 or ET-90, you need to submit within nine months after the decedent's date of death, or within 15 months if an extension has been granted.
With Form ET-85 , the form needs to be submitted when no executor has been appointed and more than nine months have passed since the date of death, or if required to file a tax return and less than nine months have passed without an executor appointed.
With Form ET-30, you need to submit it when the estate is subject to tax and either more than nine months have passed without an extension, or more than 15 months have passed with an extension.
How to get a blank Form ET-117?
To obtain a blank Form ET-117, issued by the New York State Department of Taxation and Finance, simply visit our platform. We have this form ready for you to fill out directly, but remember, PDF Guru aids in filling and downloading forms, not filing them.
Do you need to sign Form ET-117?
Form ET-117 does not require a signature. The executor or representative completes the form, attaching necessary documents like the estate's recorded deed and property tax bill. For the most accurate information, it's wise to check for the latest updates. Use PDF Guru to fill out and download this form easily, but remember that submission is not supported.
Where to file Form ET-117?
To submit Form ET-117, first attach it to one of these forms: ET-706, ET-90, ET-85, ET-30, TT-385, or TT-102.
Next, mail the attached forms to the address indicated on the relevant form. There is no fee for the release of lien. It's important to note that you should not use a private delivery address for submitting Form ET-117. Always use the PO Box address.
