Get the free Real Estate Excise Tax Refund Request

This form is used to request a refund for the real estate excise tax paid, under certain circumstances, within four years of the date of sale.

How to fill out real estate excise tax

How to fill out Real Estate Excise Tax Refund Request

1. Obtain the Real Estate Excise Tax Refund Request form from the appropriate local government office or website.
2. Fill out your personal information in the designated sections, including name, address, and contact details.
3. Provide information about the property involved in the real estate transaction, including the address and tax parcel number.
4. Indicate the amount of excise tax you are requesting a refund for, including any calculations or supporting documentation.
5. Include a detailed explanation or reason for the refund request, citing any relevant laws or circumstances.
6. Sign and date the form to certify that the information provided is accurate.
7. Submit the completed form to the appropriate local government office, either in person or via mail, and keep a copy for your records.

Who needs Real Estate Excise Tax Refund Request?

1. Homebuyers who have recently completed a real estate transaction and believe they are entitled to a tax refund.
2. Individuals or entities that have overpaid real estate excise taxes due to errors in the assessment process.
3. Sellers of real estate who may qualify for a refund due to qualifying provisions in local tax laws.

People Also Ask about

Who pays real estate excise tax in Washington state?

The seller typically pays the REET. Excise taxes assessed on a conveyance (transfer) must be paid before the recording of the conveyance documents. This includes documents like the warranty deed and real estate contract.

Do I need to pay excise tax?

Excise tax is imposed only on specific goods and services like airline tickets, fuel, tires, indoor tanning services, and gambling.

Who is exempt from federal excise tax?

ing to the IRS, government entities, including state and local governments, are exempt from this tax. To claim this exemption, the entity must provide the service provider with a certificate of exemption, certifying their eligibility.

What is excise tax on real estate?

An excise tax is a tax on the transfer of ownership from the seller to the buyer paid at closing. The tax amount is based on the sale price of the home and varies by state and local government.

Can you deduct sales tax on a California tax return?

What is the sales tax deduction? On your tax return, you can deduct the state and local general sales tax you paid during the year, or you can deduct the state and local income tax you paid during the year. You can't do both. Here's how the sales tax deduction works and how you can determine the best route for you.

Who is required to pay excise tax?

Excise taxes are independent of income taxes. Often, the retailer, manufacturer or importer must pay the excise tax to the IRS and file the Form 720. Some excise taxes are collected by a third party. The third party then sends the tax to the IRS and files the Form 720.

Do I owe excise tax in Massachusetts?

Under MGL Chapter 60A, all Massachusetts residents who own and register a motor vehicle must annually pay a motor vehicle excise.

Do I have to pay sales tax and excise tax?

Sales and excise taxes are paid by virtually everyone nearly every day. They're a vital component of state and local tax systems, but their regressivity raises important issues of tax fairness.

For pdfFiller’s FAQs

What is Real Estate Excise Tax Refund Request?

A Real Estate Excise Tax Refund Request is a formal application submitted to reclaim excise tax paid on real estate transactions when the tax is deemed to be overpaid or erroneously assessed.

Who is required to file Real Estate Excise Tax Refund Request?

Individuals or entities who have paid excise tax on real estate transactions and believe they qualify for a refund are required to file this request.

How to fill out Real Estate Excise Tax Refund Request?

To fill out the Real Estate Excise Tax Refund Request, one must complete the designated form, providing accurate details about the transaction, including property information, amount of tax paid, and reason for the refund.

What is the purpose of Real Estate Excise Tax Refund Request?

The purpose of the Real Estate Excise Tax Refund Request is to allow taxpayers to recover taxes that were incorrectly charged or overpaid during real estate transactions.

What information must be reported on Real Estate Excise Tax Refund Request?

The request must include the property address, transaction details, tax payment amount, claim for refund rationale, and personal identification information of the individual or entity filing the request.