Instructions For Form 8971 And Schedule A - 2016
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4Instructions for Form 8971
Department of the Treasury
Internal Revenue Service
and Schedule A
(January 2016)
Information Regarding Beneficiaries Acquiring Property From a Decedent
Where To File
Section references are to the Internal
The filing requirement for Form 8971
Revenue Code unless otherwise noted.
does not apply to an executor of an estate
File Form 8971 (including all Schedule(s)
that is not required to file an estate tax
A) at the following address.
Future Developments
return because the gross estate plus
adjusted taxable gifts is less than the
For the latest information about
Department of the Treasury
basic exclusion amount, but who does so
developments related to Form 8971 and
Internal Revenue Service Center
for the sole purpose of making an
its instructions, such as legislation
Mail Stop #824G
allocation or election respecting the
enacted after they were published, go to
Cincinnati, OH 45999
generation-skipping transfer tax. See the
Instructions for Form 706, Form 706-NA,
A beneficiary can be provided
or Form 706-A for more information on the
General Instructions
Schedule A:
filing requirement for those forms.
In person to an individual beneficiary, to
the trustee(s) of a beneficiary trust, or to
Purpose of Form
When To File
the executor(s) of a beneficiary estate;
The Surface Transportation and Veterans
Form 8971 (including all attached
By email;
Health Care Choice Improvement Act of
Schedule(s) A) must be filed with the IRS
By U.S. mail to the beneficiary’s last
2015 requires executors of an estate and
and only the Schedule A is to be provided
known address; or
other persons who are required to file
to the beneficiary listed on that
By private delivery service to the
Form 706, United States Estate (and
Schedule A, no later than the earlier of:
beneficiary’s last known address (see
Generation-Skipping Transfer) Tax
The date that is 30 days after the date
below).
Return; Form 706-NA, United States
on which Form 706, Form 706-NA, or
The executor of the estate (or other
Estate (and Generation-Skipping Transfer)
Form 706-A is required to be filed
person required to file) must certify on
Tax Return Estate of nonresident not a
(including extensions) with the IRS; or
citizen of the United States; or Form
Form 8971, Part II, Column D, the date on
The date that is 30 days after the date
706-A, United States Additional Estate
which Schedule A was provided to each
Form 706, Form 706-NA, or Form 706-A is
Tax Return; to report the final estate tax
beneficiary and should keep proof of
filed with the IRS.
value of property distributed or to be
mailing, proof of delivery,
If the first Form 706, Form 706-NA, or
acknowledgment of receipt, or other
distributed from the estate, if the estate tax
Form 706-A is filed both after the form’s
information relevant for the estate’s
return is filed after July 2015. Form 8971,
due date (including extensions) and after
records. In cases where a trust or another
along with a copy of every Schedule A, is
July 2015, the Form 8971 and
used to report values to the IRS. One
estate is a beneficiary and has multiple
Schedule(s) A are due 30 days after the
Schedule A is provided to each
trustees or executors, providing
filing date.
beneficiary receiving property from an
Schedule A to one trustee or executor is
enough to meet the requirement.
estate.
Form 8971 is a separate filing
requirement from the estate’s Form 706,
Private delivery services. Certain
Provide each beneficiary only
706-NA, or 706-A, and should not be
private delivery services designated by the
with a copy of that beneficiary’s
!
attached to the respective estate tax
IRS may be used to meet the “timely
own Schedule A. Do not provide
CAUTION
return. The 8971 and attached
mailing as timely filing” rule for tax returns.
a copy of the Form 8971 with or without
Schedule(s) A must be filed with the IRS,
These private delivery services include
attached Schedule(s) A to any beneficiary.
separate from any and all other tax returns
only the following.
filed by the estate.
Federal Express (FedEx): FedEx
Certain property received by a
Priority Overnight, FedEx Standard
beneficiary may be subject to a
Note. Notice 2015-57, 2015-36 I.R.B.
Overnight, FedEx 2Day, FedEx
consistency requirement, meaning that the
294, available at
International Priority, FedEx International
beneficiary cannot use a value higher than
2015-36_IRB/ar12.html, made February
First, FedEx First Overnight, FedEx
the value reported on Schedule A as the
29, 2016, the due date for:
International Next Flight Out, and FedEx
beneficiary’s initial basis in the property.
All Forms 8971 (including the attached
International Economy.
Schedule(s) A) required to be filed with the
Who Must File
United Parcel Service (UPS): UPS Next
IRS after July 31, 2015, and before
Day Air, UPS Next Day Air Saver, UPS
An executor of an estate or other
February 29, 2016; and
2nd Day Air, UPS 2nd Day Air A.M., UPS
person(s) required to file Form 706 or
All Schedules A required to be
Worldwide Express Plus, UPS Worldwide
Form 706-NA under sections 6018(a) and
provided to beneficiaries after July 31,
Express, and UPS Next Day Air Early AM.
6018(b) or a qualified heir required to file
2015, and before February 29, 2016.
The private delivery service can tell you
Form 706-A under section 2032A, if the
how to get written proof of the mailing
return is filed after July 2015, and whether
date.
or not that form is filed timely, is required
to file Form 8971 with attached
Schedule(s) A with the IRS and to provide
each beneficiary listed on the Form 8971
with that beneficiary’s Schedule A.
Jan 28, 2016
Cat. No. 68440S
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