Estate Tax Return
We organize the decedent's information, identify available documents, and prepare the corresponding tax filing in a clear and orderly way.
The Estate Tax Return, commonly known as the inheritance return, reports the assets and rights held by a person at the time of death. It may include real property, bank accounts, investments, vehicles, business interests, receivables, and other assets, depending on the decedent's particular circumstances.
For decedents who passed away on or after January 1, 2018, the Department of the Treasury uses an informative return that is filed electronically through SURI. The date of death, the decedent's residence, the nature of the assets, and other factors determine the applicable form and documentation.
RTM Accounting helps gather, classify, and present the information needed to prepare the tax file. Each case is evaluated according to the documents available and the particular features of the estate.
When might you need this service?
- When a person who owned assets or rights in Puerto Rico passes away.
- When heirs need to organize the decedent's tax inventory.
- When there are real properties, accounts, vehicles, investments, or business interests.
- When the tax certification related to inherited assets must be processed.
- When a financial institution, notary, the Property Registry, or another entity requests estate documentation.
- When an asset appears that was not included in a previous filing.
- When previously filed information needs to be reviewed or amended.
- When the decedent resided outside Puerto Rico but held assets located in Puerto Rico.
Scope of RTM's service
- Initial interview to identify the decedent, the heirs, and known assets.
- Preparation of an organized list of pending information and documents.
- Classification of movable and immovable property, accounts, investments, and other rights.
- Administrative review of the documents provided.
- Preparation of the applicable return based on the reported date and circumstances.
- Coordination of electronic filing through SURI.
- Administrative follow-up on notices or requirements related to the filing.
- Preparation of amended returns when necessary and when the service is engaged.
- Coordination with attorneys, notaries, appraisers, brokers, banks, or other professionals when the file requires it.
Information or documents that may be requested
Documentation varies according to the date of death, the decedent's residence, the reported assets, and the circumstances of the file. During the initial evaluation we prepare a list tailored to the case.
- 01Death certificate.
- 02Social Security number or tax identification of the decedent.
- 03Will, declaration of heirs, or other available succession documents.
- 04Identification and contact information of the administrator, executor, or person in charge.
- 05Deeds, registry certifications, or title studies for properties.
- 06Cadastre numbers and available CRIM documents.
- 07Bank statements or balance certifications as of the date of death.
- 08Information on investments, stocks, bonds, retirement accounts, or insurance.
- 09Titles and values of vehicles, vessels, or other assets.
- 10Information on businesses, corporations, partnerships, or ownership interests.
- 11Evidence of debts or obligations existing at the date of death.
- 12Appraisals or evidence of value, when necessary.
- 13Copies of tax returns or available SURI information.
- 14Any communication or requirement received from the Treasury.
- 15Internal Revenue stamps or fees applicable at the time of filing, when corresponding.
General process
- 01
Initial evaluation
We discuss the decedent, the date of death, their residence, known heirs, and the assets that made up the estate.
- 02
File organization
We classify the documents received and identify the information still to be obtained.
- 03
Tax inventory
We organize assets, rights, and obligations based on the information and evidence provided.
- 04
Preparation
We prepare the return and the schedules applicable to the case.
- 05
Review with the client
We present the prepared information so the client can confirm names, assets, values, and other data in the file.
- 06
Filing and follow-up
We coordinate filing through SURI and provide administrative follow-up on communications related to the engaged service.
Frequently asked questions
Related official resources
Start by organizing the file correctly
Share the date of death, the known assets, and the documents you already have available. We'll help you identify the next administrative step.