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

Q: How do I use Form REW-5?A: You can use Form REW-5 to request exemption or reduction in withholding of Maine income tax on the sale of Maine real property. You need to fill out the form and submit it to the Maine Revenue Services.

Q: Who can use Form REW-5?A: Any individual or entity who is subject to Maine income tax withholding on the sale of Maine real property can use Form REW-5 to request exemption or reduction in withholding.

Q: What information do I need to provide on Form REW-5?A: On Form REW-5, you need to provide information such as your name, address, social security number or federal employer identification number, details of the property being sold, and the reason for requesting exemption or reduction in withholding.

Q: What is the deadline to submit Form REW-5?A: Form REW-5 should be submitted at least 30 days before the anticipated closing date of the real estate transaction.

Q: Is there a fee to submit Form REW-5?A: No, there is no fee to submit Form REW-5.

Q: How long does it take to process Form REW-5?A: It typically takes about 15 business days to process Form REW-5.

Q: What should I do after submitting Form REW-5?A: After submitting Form REW-5, you should retain a copy for your records and provide a copy to the buyer or closing agent involved in the real estate transaction.