The Vermont Homestead HS-132 form is a notice to withdraw a previously filed Homestead Declaration. Homeowners may need to use this form if they sell their property, it is no longer their primary residence, or if the declaration was submitted in error. To ensure compliance with Vermont tax regulations, complete the form accurately and submit it promptly.
Ready to withdraw your Homestead Declaration? Fill out the form by clicking the button below.
The Vermont HS-132 form is a crucial document for homeowners who need to officially withdraw their Homestead Declaration. This form serves various purposes, primarily allowing individuals to notify the Vermont Department of Taxes when their property no longer qualifies as a homestead. Homeowners may need to file this form for several reasons, including selling the property, ceasing to use it as their primary residence, or if the property is owned by an estate following the homeowner's death. Additionally, there are instances where a declaration may have been submitted in error, necessitating withdrawal. The form requires specific information such as the homeowner's name, Social Security Number, and the physical address of the property in question. It also includes a unique School Property Account Number, known as the SPAN number, which is essential for identifying the property. By checking the appropriate box on the form, homeowners can clearly indicate their reason for withdrawal, ensuring that their tax status is accurately updated. Completing the HS-132 form is a straightforward process, yet it is vital for maintaining compliance with Vermont tax regulations and ensuring that property taxes are assessed correctly.
Vermont Pt 172 S - Filing this form is part of complying with Vermont's tax laws during property transactions.
To streamline the process of documenting your motorcycle sale, consider utilizing the Arizona Motorcycle Bill of Sale form available at https://arizonapdf.com/motorcycle-bill-of-sale/, which not only emphasizes the importance of proper documentation but also ensures that all necessary information is accurately recorded, legally protecting both parties involved in the transaction.
Vermont 813 - Filing deadlines are associated with the first case manager's conference or court hearing.
Tax Exempt Form Vermont - Fill in the contractor's name and Federal ID number on the form for accurate identification.
NOTICE TO WITHDRAW
FORM
VERMONT
VERMONT HOMESTEAD
HS-132
DECLARATION
*101321100*
PRINT IN BLUE OR BLACK INK
Enter name used to file VT Homestead Declaration
Social Security
Number
-
Last Name
Spouse or
CU Partner
Spouse or CU Partner Social Security Number
First
Name
- -
Initial
Mailing Address (Number and Street/ Road or PO Box)
City/Town
Location of Homestead Being Withdrawn
State
Zip
Code
City/Town of Homestead
Being Withdrawn
number, street / road name (Do not use PO Box, “same”, or Town name)
SPAN Number of Homestead
(REQUIRED)
(From your property tax bill)
Property declared as a homestead must be owned and occupied by the owner as his or her principal residence on April 1 of each year. If you filed a Homestead Declaration and any of the following categories apply to you, check the applicable box to withdraw the declaration and file this form with the Vermont Department of Taxes.
NOTE: If the new owner will use the property
PROPERTY SOLD.
This notice must be filed within thirty (30) days of closing date.
as a principal residence, the new owner
must file Form HS-131, VT Homestead
Date of
Declaration, to be taxed at the
Closing
homestead education property tax rate.
Month
Day
Year
PROPERTY NO LONGER A HOMESTEAD AS OF APRIL 1,
PROPERTY OWNED BY ESTATE and it has been more than one year since the homeowner’s death.
DECLARATION SUBMITTED IN ERROR. The property is not my principal residence.
I hereby withdraw the VT Homestead Declaration on the property identified above for the reason checked. This information is true, correct and complete to the best of my knowledge and belief.
Signature
Date
Telephone Number (optional)
Spouse or CU Partner Signature
Check here if authorizing the VT Department of Taxes to discuss this return and attachments with your preparer.
Preparer’s Use Only
Preparer’s signature
Preparer’s
SSN or
PTIN
Firm’s name (or yours if self-employed) and address
EIN
Preparer’s Telephone Number
Form HS-132
10/10
INSTRUCTIONS FOR FORM HS-132
NOTICE TO WITHDRAW VERMONT HOMESTEAD DECLARATION
Use this form to withdraw a Homestead Declaration if:
(1)you have sold the property;
(2)it is no longer being used as a homestead;
(3)the property is owned by an estate and it has been more than one year since the homeowner's death; or
(4)the declaration was submitted in error.
HOMEOWNER INFORMATION
Enter the name and Social Security Number of the homeowner who filed the Homestead Declaration.
Enter the address where correspondence concerning the Homestead Declaration for this property should be sent.
Enter the physical location and the city/town where the property is located. The physical location is the number of the street or road and city/town of the property. Example: 123 Main Street Montpelier 658 Route 12 Elmore 79 Swift Street Condo B-7 Burlington
SPAN (School Property Account Number): This is a unique identification number assigned by the town. Enter the 11-digit number printed in the Housesite information section of the property tax bill.
REASON FOR WITHDRAWING DECLARATION
Check the box for the applicable situation to withdraw the Homestead Declaration.
(1)Property Sold Notification to the VT Department of Taxes that a property has been sold is required within thirty (30) days of the closing date. If the sale is after April 1, the property continues to be classified as a homestead until the following April 1. If the new owner uses the property as his or her principal homestead, he or she must file a Homestead Declaration in order to make a property tax adjustment claim. Sale of property includes conveyance of the property to a trust or creation of a life estate. A person who transferred his or her homestead to a revocable trust and who is the sole beneficiary files a Homestead Declaration by the following April 15 and checks Box 4a. If the life estate owner occupies the property as a homestead, the life estate holder must record
the life estate deed in the town offices and file a Homestead Declaration by the following April 15 checking Box 4b.
See 32 V.S.A. §§5401(7)(D) and 6062(e) for more information on homesteads owned by a trust or estate.
(2)Property No Longer A Homestead When the property is no longer used as a homestead, the Homestead Declaration must be withdrawn. Example: You filed a homestead declaration April 15 but move on September 1 of the same year and now rent the house.
(3)Property Owned By Estate Estates may be classified as homestead property up to the April 1 following the date of the homeowner's death provided the property is not rented during that time. The Homestead Declaration must be withdrawn after that year. Example: Property was the principal residence of a homeowner who died in 2011. The estate now owns the property. The property may remain classified as a homestead and be taxed at the homestead education property tax rate until April 2012 provided the property is not rented.
(4)Declaration submitted in error If you submitted a Homestead Declaration for a property that is not your principal residence, use this form to withdraw the declaration.
Signature The person who filed the Homestead Declaration signs this form. If you are signing on behalf of the homeowner, such as an estate, please use the preparer's signature area to provide your information so we may contact you should there be any questions.
Form HS-132 10/10
The Vermont Homestead HS-132 form is similar to the IRS Form 1040, which is used for individual income tax returns. Both documents require personal information, such as names and Social Security numbers, to identify the taxpayer. The 1040 form allows individuals to report their income and claim deductions, while the HS-132 focuses on the status of a property as a homestead. Each form serves a specific purpose in the tax system, and both must be filed accurately to ensure compliance with tax laws.
Another document that resembles the HS-132 is the IRS Form 4868, which is an application for an automatic extension of time to file a U.S. individual income tax return. Like the HS-132, Form 4868 requires the taxpayer’s name and Social Security number. It is used to notify the IRS of the intention to delay filing, whereas the HS-132 informs the Vermont Department of Taxes about the withdrawal of a homestead declaration. Both forms are essential for maintaining accurate tax records and ensuring proper communication with tax authorities.
The HS-132 is also akin to the Vermont Property Transfer Tax Return, commonly known as the PT-172. This form is filed when real estate is transferred, similar to the HS-132’s requirement for notifying the state of a property sale. Both documents require detailed information about the property and its owners. While the HS-132 focuses on the homestead status, the PT-172 addresses the tax implications of the property transfer, highlighting the interconnectedness of property ownership and taxation.
In addition, the HS-132 shares similarities with the IRS Form 1099-S, which is used to report the sale of real estate. Both forms involve the transfer of property and require specific details about the transaction. The 1099-S is primarily concerned with reporting income from the sale, while the HS-132 is focused on withdrawing a homestead declaration. Each form plays a critical role in the tax reporting process, ensuring that relevant information reaches the appropriate tax authorities.
The Vermont HS-132 is also comparable to the IRS Form 8822, which is used to change an address with the IRS. Both forms require personal identification information and serve to update official records. While Form 8822 is about maintaining accurate contact information for tax purposes, the HS-132 is concerned with the status of a property as a homestead. Both forms emphasize the importance of accurate information in the tax system.
The California Trailer Bill of Sale form is essential for those engaged in the buying and selling of trailers, providing a clear legal framework for the ownership transfer. This document includes necessary details such as buyer and seller information, trailer specifications, and the terms of the sale, ensuring both parties are protected throughout the transaction. For more information on how to create or utilize this form, you can visit OnlineLawDocs.com, which offers valuable resources and templates.
Another related document is the Vermont Homestead Declaration Form HS-131, which is used to establish a property as a homestead for tax purposes. While the HS-132 withdraws a declaration, the HS-131 initiates it. Both forms require similar information, such as the property address and owner details. Together, they provide a comprehensive framework for managing homestead designations in Vermont.
The HS-132 also bears resemblance to the IRS Form 4506, which is a request for a copy of a tax return. Both documents require personal identification and serve to communicate with tax authorities. Form 4506 is used to obtain past tax records, while the HS-132 is used to notify the state about a change in homestead status. Each form plays a vital role in ensuring that taxpayers can access and manage their tax information effectively.
Additionally, the HS-132 can be compared to the Vermont Declaration of Domicile, which establishes an individual's legal residence in Vermont. Both documents require personal information and serve to clarify an individual's status for tax purposes. While the Declaration of Domicile focuses on residency, the HS-132 addresses property classification, highlighting the importance of accurate documentation in determining tax liabilities.
Lastly, the HS-132 is similar to the IRS Form 8862, which is used to claim the Earned Income Tax Credit after disallowance. Both forms require detailed personal information and serve to communicate important changes to tax authorities. While Form 8862 focuses on eligibility for a tax credit, the HS-132 is about withdrawing a homestead declaration. Each document plays a crucial role in ensuring compliance with tax regulations and maintaining accurate records.
This form can also be used if the property is no longer a homestead, if it is owned by an estate, or if the declaration was submitted in error.
The form must be filed within thirty days of the closing date if the property has been sold. For other situations, timely withdrawal is still essential.
While the homeowner typically signs the form, a representative can submit it on behalf of the homeowner, such as an executor of an estate.
If the property is no longer used as a homestead, even if you still own it, the declaration must be withdrawn.
The form requires you to check a specific reason for withdrawal, such as selling the property or if it is no longer a homestead.
Filing this form is a requirement to ensure that the property is correctly classified for tax purposes.
While it does impact taxes, it also ensures compliance with state regulations regarding property classification.
The form specifically requires the physical location of the property, not a PO Box or generic terms like "same."
The SPAN number is a required field, as it uniquely identifies the property for the Vermont Department of Taxes.