Form REW-2 Maine Real Estate Withholding - Residency Affidavit, Individual Transferor, Maine Exception 3(A) - Maine

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Form REW-2 Maine Real Estate Withholding - Residency Affidavit, Individual Transferor, Maine Exception 3(A) - Maine

What Is Form REW-2?

This is a legal form that was released by the Maine Revenue 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 the Form REW-2?
A: Form REW-2 is the Maine Real Estate Withholding - Residency Affidavit, Individual Transferor, Maine Exception 3(A) form.

Q: Who needs to fill out Form REW-2?
A: Individual transferors in Maine who qualify under Maine Exception 3(A) need to fill out Form REW-2.

Q: What is the purpose of Form REW-2?
A: Form REW-2 is used to determine if the individual transferor qualifies for an exception to the real estate withholding requirement in Maine.

Q: What is Maine Exception 3(A)?
A: Maine Exception 3(A) is a provision that allows certain individual transferors in Maine to be exempt from the real estate withholding requirement.

Q: When should Form REW-2 be submitted?
A: Form REW-2 should be submitted to the closing agent or the buyer before the transfer of the real estate.

Q: Are there any penalties for not submitting Form REW-2?
A: Yes, if Form REW-2 is not submitted, the closing agent or buyer may be required to withhold a percentage of the sale price as a tax withholding.

Q: Do I need to submit any supporting documents with Form REW-2?
A: It is not required to submit supporting documents with Form REW-2, unless specifically requested by the closing agent or buyer.

Q: What should I do if I am not eligible for Maine Exception 3(A)?
A: If you are not eligible for Maine Exception 3(A), you must follow the regular real estate withholding requirements in Maine.

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Form Details:

  • Released on February 1, 2022;
  • The latest edition provided by the Maine Revenue Services;
  • Easy to use and ready to print;
  • Quick to customize;
  • Compatible with most PDF-viewing applications;
  • Fill out the form in our online filing application.

Download a fillable version of Form REW-2 by clicking the link below or browse more documents and templates provided by the Maine Revenue Services.

Download Form REW-2 Maine Real Estate Withholding - Residency Affidavit, Individual Transferor, Maine Exception 3(A) - Maine

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