Form 706 - United States Estate (And Generation-Skipping Transfer) Tax Return Page 27
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31Form 706 (Rev. 8-2013)
Instructions for the Trustee
Introduction
Schedule R-1 (Form 706) serves as a payment voucher for the Generation-Skipping Transfer
(GST) tax imposed on a direct skip from a trust, which you, the trustee of the trust, must pay.
The executor completes the Schedule R-1 (Form 706) and gives you two copies. File one copy
and keep one for your records.
How to pay
You can pay by check or money order or by electronic funds transfer.
To pay by check or money order:
• Make it payable to "United States Treasury."
• The amount of the check or money order should be the amount on line 6 of Schedule R-1.
• Write "GST Tax" and the trust's EIN on the check or money order.
To pay by electronic funds transfer:
• Funds must be submitted through the Electronic Federal Tax Payment System (EFTPS).
• Establish an EFTPS account by visiting or calling 1-800-555-4477.
• To be considered timely, payments made through EFTPS must be completed no later than
8 p.m. Eastern time the day before the due date.
Signature
You must sign the Schedule R-1 in the space provided.
What to mail
Mail your check or money order, if applicable, and the copy of Schedule R-1 that you signed.
Where to mail
Mail to the Department of the Treasury, Internal Revenue Service Center, Cincinnati, OH 45999.
When to pay
The GST tax is due and payable 9 months after the decedent’s date of death (shown on the
Schedule R-1). You will owe interest on any GST tax not paid by that date.
Automatic
You have an automatic extension of time to file Schedule R-1 and pay the GST tax. The
extension
automatic extension allows you to file and pay by 2 months after the due date (with extensions)
for filing the decedent’s Schedule R (shown on the Schedule R-1).
If you pay the GST tax under the automatic extension, you will be charged interest (but no
penalties).
Additional
For more information, see section 2603(a)(2) and the Instructions for Form 706, United States
information
Estate (and Generation-Skipping Transfer) Tax Return.
Schedule R-1—Page 27
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