Instructions for VT Form EST-191 Estate Tax Return - Vermont

VT Form EST-191 Estate Tax Return - Vermont

This document contains official instructions for VT Form EST-191 , Estate Tax Return - a form released and collected by the Vermont Department of Taxes. An up-to-date fillable VT Form EST-191 is available for download through this link.

FAQ

Q: What is VT Form EST-191?
A: VT Form EST-191 is the Estate Tax Return specifically used in the state of Vermont.

Q: Who needs to file Form EST-191?
A: The person responsible for administering the estate of a deceased person in Vermont may need to file Form EST-191.

Q: What information is required on Form EST-191?
A: Form EST-191 requires information about the deceased person, the estate, and the estate's assets and liabilities.

Q: When is Form EST-191 due?
A: Form EST-191 is generally due nine months after the date of the deceased person's death.

Q: Are there any filing extensions available?
A: Yes, Vermont allows for an automatic extension to file Form EST-191 if Form 706, the federal estate tax return, has been filed.

Q: Is there an estate tax in Vermont?
A: Yes, Vermont has an estate tax that is imposed on the transfer of assets from a deceased person's estate.

Q: How is the estate tax calculated in Vermont?
A: The estate tax in Vermont is calculated based on the value of the assets transferred and is subject to a progressive tax rate.

Q: Is professional assistance recommended for filing Form EST-191?
A: While not required, it is recommended to seek professional assistance when filing Form EST-191 to ensure accuracy and compliance with Vermont tax laws.