Form REW-5 Request for Exemption or Reduction in Withholding of Maine Income Tax on the Disposition of Maine Real Property - Maine

What Is Form REW-5?

This is a legal form that was released by the Maine Department of Administrative and Financial Services - a government authority operating within Maine. As of today, no separate filing guidelines for the form are provided by the issuing department.

FAQ

Q: What is form REW-5 used for?
A: Form REW-5 is used to request an exemption or reduction in withholding of Maine income tax on the disposition of Maine real property.

Q: Who needs to file form REW-5?
A: Anyone who is selling Maine real property and wants to request an exemption or reduction in withholding of Maine income tax needs to file form REW-5.

Q: What information is required on form REW-5?
A: Form REW-5 requires information about the seller, the property being sold, and the proposed exemption or reduction in withholding.

Q: Do I need to include any supporting documents with form REW-5?
A: Yes, you may need to include supporting documents, such as proof of residency or a certification from the Maine Revenue Services.

Q: When should form REW-5 be filed?
A: Form REW-5 should be filed at least 30 days before the closing of the real estate transaction.

Q: What happens after I file form REW-5?
A: The Maine Revenue Services will review your request and determine whether to grant the exemption or reduction in withholding.

Q: Can I appeal if my request for exemption or reduction in withholding is denied?
A: Yes, you can appeal the decision by filing a written request for reconsideration with the Maine Revenue Services within 30 days of receiving the denial notice.