Form 706 United States Estate (and Generation-Skipping Transfer)

Form

706

United States Estate (and Generation-Skipping
Transfer) Tax Return

(Rev. September 2009)

Estate of a citizen or resident of the United States (see separate instructions).
To be filed for decedents dying after December 31, 2008, and before January 1, 2010.

Part 1—Decedent and Executor

Department of the Treasury
Internal Revenue Service

1a

Decedent’s first name and middle initial (and maiden name, if any) 1b Decedent’s last name

3a

County, state, and ZIP code, or foreign country, of legal
residence (domicile) at time of death

2 Decedent’s Social Security No.

3b Year domicile established 4 Date of birth

5 Date of death

6b Executor’s address (number and street including apartment or suite no.; city, town,
or post office; state; and ZIP code) and phone no.
6a

Name of executor (see page 5 of the instructions)

6c

Executor’s social security number (see page 5 of the instructions)

7a

Name and location of court where will was probated or estate administered

8
10

If decedent died testate, check here 䊳
and attach a certified copy of the will. 9 If you extended the time to file this Form 706, check here
If Schedule R-1 is attached, check here 䊳

Phone no.

2

Tentative total allowable deductions (from Part 5—Recapitulation, page 3, item 22)

2

3a Tentative taxable estate (before state death tax deduction) (subtract line 2 from line 1)

3a

b State death tax deduction

3b

c Taxable estate (subtract line 3b from line 3a)

3c

Adjusted taxable gifts (total taxable gifts (within the meaning of section 2503) made by the decedent
after December 31, 1976, other than gifts that are includible in decedent’s gross estate (section 2001(b)))

4

5

Add lines 3c and 4

5

6

Tentative tax on the amount on line 5 from Table A on page 4 of the instructions

6

7

Total gift tax paid or payable with respect to gifts made by the decedent after December 31, 1976.
Include gift taxes by the decedent’s spouse for such spouse’s share of split gifts (section 2513) only if
the decedent was the donor of these gifts and they are includible in the decedent’s gross estate (see
instructions)

7

8

Gross estate tax (subtract line 7 from line 6)

8

9

Maximum unified credit (applicable credit amount) against estate tax

11
12
13

)

䊳

1

Total gross estate less exclusion (from Part 5—Recapitulation, page 3, item 12)

10

(

7b Case number

1

4

Part 2—Tax Computation

OMB No. 1545-0015

9

Adjustment to unified credit (applicable credit amount). (This adjustment
10
may not exceed $6,000. See page 6 of the instructions.)
Allowable unified credit (applicable credit amount) (subtract line 10 from line 9)

11

Subtract line 11 from line 8 (but do not enter less than zero)

12

Credit for foreign death taxes (from Schedule(s) P). (Attach Form(s)
706-CE.)

13

14

Credit for tax on prior transfers (from Schedule Q)

14

15
16

Total credits (add lines 13 and 14)
Net estate tax (subtract line 15 from line 12)

15

17
18
19
20

Generation-skipping transfer (GST) taxes payable (from Schedule R, Part 2, line 10)
Total transfer taxes (add lines 16 and 17)
Prior payments. Explain in an attached statement
Balance due (or overpayment) (subtract line 19 from line 18)

17

16
18
19
20

Under penalties of perjury, I declare that I have examined this return, including accompanying schedules and statements, and to the best of my
knowledge and belief, it is true, correct, and complete. Declaration of preparer other than the executor is based on all information of which preparer
has any knowledge.

Sign
Here

Paid
Preparer’s
Use Only

䊳
䊳

䊳
䊳

Signature of executor

Signature of executor

Preparer’s
signature

䊳

Firm’s name (or
yours if self-employed),
address, and ZIP code

Date

䊳

For Privacy Act and Paperwork Reduction Act Notice, see page 30 of the separate instructions for this form.

Date

Date

Check if
self-employed
EIN

Preparer’s SSN or PTIN
䊳

䊳

Phone no.

(

Cat. No. 20548R

)
Form

706

(Rev. 9-2009)

Form 706 (Rev. 9-2009)

Decedent’s Social Security Number

Estate of:

Part 3—Elections by the Executor
Yes No

Please check the “Yes” or “No” box for each question (see instructions beginning on page 7).
Note. Some of these elections may require the posting of bonds or liens.
1

Do you elect alternate valuation?

1

2

Do you elect special-use valuation?
If “Yes,” you must complete and attach Schedule A-1.

2

3

Do you elect to pay the taxes in installments as described in section 6166?
If “Yes,” you must attach the additional information described on pages 10 through 12 of the instructions.

4

Note. By electing section 6166, you may be required to provide security for estate tax deferred under
section 6166 and interest in the form of a surety bond or a section 6324A lien.

3

Do you elect to postpone the part of the taxes attributable to a reversionary or remainder interest as described in
section 6163?

4

Part 4—General Information

(Note. Please attach the necessary supplemental documents. You must attach the death certificate.)
(see instructions on page 12)

Authorization to receive confidential tax information under Regs. sec. 601.504(b)(2)(i); to act as the estate’s representative before the IRS; and to make written
or oral presentations on behalf of the estate if return prepared by an attorney, accountant, or enrolled agent for the executor:

Name of representative (print or type)

State

Address (number, street, and room or suite no., city, state, and ZIP code)

I declare that I am the
attorney/
certified public accountant/
enrolled agent (you must check the applicable box) for the executor and prepared
this return for the executor. I am not under suspension or disbarment from practice before the Internal Revenue Service and am qualified to practice in the
state shown above.

Signature

CAF number

Date

1

Death certificate number and issuing authority (attach a copy of the death certificate to this return).

2

Decedent’s business or occupation. If retired, check here

3

Marital status of the decedent at time of death:

䊳

Telephone number

and state decedent’s former business or occupation.

Married
Widow or widower—Name, SSN, and date of death of deceased spouse
Single
Legally separated
Divorced—Date divorce decree became final
4a Surviving spouse’s name

䊳

䊳

4b Social security number

4c Amount received (see page 12 of the instructions)

Individuals (other than the surviving spouse), trusts, or other estates who receive benefits from the estate (do not include charitable beneficiaries
shown in Schedule O) (see instructions).

5

Name of individual, trust, or estate receiving $5,000 or more

Identifying number

Relationship to decedent

All unascertainable beneficiaries and those who receive less than $5,000

Amount (see instructions)

䊳

Total
Please check the “Yes” or “No” box for each question.
6

Yes No

Does the gross estate contain any section 2044 property (qualified terminable interest property (QTIP) from a prior gift or estate)
(see page 12 of the instructions)?

7a Have federal gift tax returns ever been filed?
If “Yes,” please attach copies of the returns, if available, and furnish the following information:
7b Period(s) covered

7c Internal Revenue office(s) where filed

8a Was there any insurance on the decedent’s life that is not included on the return as part of the gross estate?
b Did the decedent own any insurance on the life of another that is not included in the gross estate?
(continued on next page)

Page 2

Form 706 (Rev. 9-2009)

Part 4—General Information (continued)
Yes No

If you answer “Yes” to any of questions 9–16, you must attach additional information as described in the instructions.
9

Did the decedent at the time of death own any property as a joint tenant with right of survivorship in which (a) one or more of
the other joint tenants was someone other than the decedent’s spouse, and (b) less than the full value of the property is included
on the return as part of the gross estate? If “Yes,” you must complete and attach Schedule E

10a Did the decedent, at the time of death, own any interest in a partnership (for example, a family limited partnership), an unincorporated
business, or a limited liability company; or own any stock in an inactive or closely held corporation?
b If “Yes,” was the value of any interest owned (from above) discounted on this estate tax return? If “Yes,” see the instructions for
Schedule F on page 20 for reporting the total accumulated or effective discounts taken on Schedule F or G
11

Did the decedent make any transfer described in section 2035, 2036, 2037, or 2038 (see the instructions for Schedule G beginning
on page 15 of the separate instructions)? If “Yes,” you must complete and attach Schedule G

12a Were there in existence at the time of the decedent’s death any trusts created by the decedent during his or her lifetime?
b Were there in existence at the time of the decedent’s death any trusts not created by the decedent under which the decedent
possessed any power, beneficial interest, or trusteeship?
c Was the decedent receiving income from a trust created after October 22, 1986, by a parent or grandparent?
If “Yes,” was there a GST taxable termination (under section 2612) upon the death of the decedent?
d If there was a GST taxable termination (under section 2612), attach a statement to explain. Provide a copy of the trust or will
creating the trust, and give the name, address, and phone number of the current trustee(s).
e Did the decedent at any time during his or her lifetime transfer or sell an interest in a partnership, limited liability company, or
closely held corporation to a trust described in question 12a or 12b?
If “Yes,” provide the EIN number to this transferred/sold item. 䊳
13

Did the decedent ever possess, exercise, or release any general power of appointment? If “Yes,” you must complete and attach Schedule H

14

Did the decedent have an interest in or a signature or other authority over a financial account in a foreign country, such as a
bank account, securities account, or other financial account?

15

Was the decedent, immediately before death, receiving an annuity described in the “General” paragraph of the instructions for
Schedule I or a private annuity? If “Yes,” you must complete and attach Schedule I

16

Was the decedent ever the beneficiary of a trust for which a deduction was claimed by the estate of a pre-deceased spouse
under section 2056(b)(7) and which is not reported on this return? If “Yes,” attach an explanation

Part 5—Recapitulation
Item
number

Gross estate

Alternate value

1

Schedule A—Real Estate

2
3

Schedule B—Stocks and Bonds
Schedule C—Mortgages, Notes, and Cash

4

Schedule D—Insurance on the Decedent’s Life (attach Form(s) 712)
Schedule E—Jointly Owned Property (attach Form(s) 712 for life insurance)

5
6
7
8
9
10
11
12

Schedule F—Other Miscellaneous Property (attach Form(s) 712 for life insurance)
Schedule G—Transfers During Decedent’s Life (att. Form(s) 712 for life insurance)
Schedule H—Powers of Appointment
Schedule I—Annuities
Total gross estate (add items 1 through 9)
Schedule U—Qualified Conservation Easement Exclusion
Total gross estate less exclusion (subtract item 11 from item 10). Enter here
and on line 1 of Part 2—Tax Computation

Item
number

Value at date of death

1
2
3
4
5
6
7
8
9
10
11
12

Deductions

13

Schedule J—Funeral Expenses and Expenses Incurred in Administering Property Subject to Claims

14

Schedule K—Debts of the Decedent

15

Schedule K—Mortgages and Liens

16

Total of items 13 through 15

17

Allowable amount of deductions from item 16 (see the instructions for item 17 of the Recapitulation)

18

Schedule L—Net Losses During Administration

19
20
21

Schedule L—Expenses Incurred in Administering Property Not Subject to Claims
Schedule M—Bequests, etc., to Surviving Spouse
Schedule O—Charitable, Public, and Similar Gifts and Bequests

22

Tentative total allowable deductions (add items 17 through 21). Enter here and on line 2 of the Tax Computation

Page 3

Amount

13
14
15
16
17
18
19
20
21
22