Maine real estate withholding 2025

Get Form
maine rew forms Preview on Page 1

Here's how it works

01. Edit your maine rew forms online
Type text, add images, blackout confidential details, add comments, highlights and more.
02. Sign it in a few clicks
Draw your signature, type it, upload its image, or use your mobile device as a signature pad.
03. Share your form with others
Send it via email, link, or fax. You can also download it, export it or print it out.

How to use or fill out Maine Real Estate Withholding with our platform

Form edit decoration
9.5
Ease of Setup
DocHub User Ratings on G2
9.0
Ease of Use
DocHub User Ratings on G2
  1. Click ‘Get Form’ to open the Maine Real Estate Withholding Return in the editor.
  2. In Block 1, check the appropriate box to indicate whether the seller is a Grantor, Trust, or Estate.
  3. In Block 2, enter the seller's name. If the seller is a trust, ensure you include their Federal ID Number in Block 3.
  4. Fill in Block 4 with the seller's address, including street number and name, city, state, and ZIP code.
  5. Enter the date of transfer in Block 5 and total consideration received by the seller in Block 6.
  6. Complete Block 7 by indicating the percentage of total gross proceeds received by this seller.
  7. Provide property details in Block 8, including map, block, lot numbers and specify its use before transfer.
  8. In Blocks 10 and 11, indicate the rate of withholding and amount withheld for this seller respectively.
  9. Finally, fill out Blocks 12 to 14 with buyer information including name, address, and social security or federal ID number.

Start using our platform today to streamline your document editing and form completion for free!

See more maine real estate withholding versions

We've got more versions of the maine real estate withholding form. Select the right maine real estate withholding version from the list and start editing it straight away!
Versions Form popularity Fillable & printable
2023 4.7 Satisfied (36 Votes)
2022 4.8 Satisfied (73 Votes)
2021 4.3 Satisfied (76 Votes)
2020 4.3 Satisfied (224 Votes)
2019 4.3 Satisfied (35 Votes)
2018 4.4 Satisfied (90 Votes)
2017 4.4 Satisfied (279 Votes)
2011 4 Satisfied (31 Votes)
be ready to get more

Complete this form in 5 minutes or less

Get form

Got questions?

We have answers to the most popular questions from our customers. If you can't find an answer to your question, please contact us.
Contact us
Legal Consequences Willful failure to withhold taxes can escalate into criminal charges. The IRS and state tax agencies take these violations seriously, and business owners can face fines, imprisonment, or both.
If you are domiciled in another state, but maintain a permanent place of abode in Maine for the entire tax year, and spend more than 183 days in Maine, you are a resident of Maine for income tax purposes.
You are required to withhold Maine income tax if: You maintain an office in Maine or transact business in Maine; You make payments to individuals (resident or nonresident) who are taxable to Maine; and. You are required to withhold federal income tax from those payments.
U.S. States that Require State Tax Withholding Forms Alabama. Arizona. Arkansas. California. Connecticut. District of Columbia. Georgia. Hawaii.
2. Withholding required. Every buyer of real property located in Maine must withhold a withholding tax equal to 2 1/2% of the consideration.
be ready to get more

Complete this form in 5 minutes or less

Get form

People also ask

Withholding required. Every buyer of real property located in Maine must withhold a withholding tax equal to 2 1/2% of the consideration.
Note: Federally taxable gains on the sale of Maine real property are taxable by Maine, even if the total consideration is less than $100,000.

Related links