Instructions For Form 706-Qdt (Page 6 of 6) in pdf

2011(b) (prior to its repeal on January

Schedule A

Table of Maximum Tax Rates

1, 2005) or section 2014(b),

When a designated filer is filing Form

respectively, the recomputed credit may

706-QDT for more than one trust, use

be different.

The

Schedule A to summarize the Schedule

If the final determination of the tax

maximum

B amounts provided by the trustees.

due on the estate of the decedent has

If the decedent died . . . . tax rate is

Under “EIN of QDOT” (that is, column a

not been made at the time this return is

of Parts II, III, and IV) enter the EIN of

filed, you must compute the tax on

After December 31, 2004

47%

the appropriate trust. If the trustee is

these lines using the highest rate of tax

but before January 1, 2006

filing the return, simply transfer the

(see Table of Maximum Tax Rates

totals from Schedule B to the

below) in effect at the time of the

After December 31, 2005

46%

corresponding “Total” lines on

decedent’s death.

but before January 1, 2007

Schedule A.

Also, if there is more than one

QDOT with respect to any decedent,

Part III—Tax

After December 31, 2006

45%

you must compute the tax on lines 10

but before January 1, 2010

Computation (Page 1 of

and 11 using the highest rate of tax

(see Table of Maximum Tax Rates

Line 14. Make the check payable to

Form 706-QDT)

below) in effect at the time of the

the “United States Treasury.” Please

decedent’s death unless all of the

Line 7. Enter the amount of the

write the surviving spouse’s SSN (or

following conditions are met.

taxable estate from one of the following

ITIN, if applicable) and “Form 706-QDT”

•

The decedent’s executor has

as filed for the decedent’s estate or as

on the check to assist us in posting it to

designated a single person to be

finally determined by the IRS.

the proper account.

•

responsible for filing Form 706-QDT for

Part 2 — Tax Computation, line 3 of

all of the trusts (designated filer).

Privacy Act and Paperwork

Form 706 (for estates of decedents

•

The designated filer is either an

Reduction Act Notice. We ask for the

dying before January 1, 2005).

•

individual who is a U.S. citizen or is a

information on this form to carry out the

Part 2 — Tax Computation, line 3c of

domestic corporation.

Internal Revenue laws of the United

Form 706 (for estates of decedents

•

The designated filer meets the

States. We need it to ensure that you

dying on or after January 1, 2005).

•

requirements of all applicable

are complying with these laws and to

Part II — Tax Computation, line 1 of

regulations.

allow us to figure and collect the right

Form 706-NA.

amount of tax. Subtitle B and section

Further, if the return is being filed

Lines 10 and 11. Using the same

6109 require you to provide your

because of the death of the surviving

revision of Form 706 or Form 706-NA

identifying number.

spouse, then in computing line 10, any

on which the executor filed the

foreign death taxes paid by the estate

You are not required to provide the

decedent’s estate tax return, recompute

of the surviving spouse may be used in

information requested on a form that is

the decedent’s net estate tax by

determining the allowable credits in

subject to the Paperwork Reduction Act

substituting the amounts on line 9 and

recomputing the decedent’s estate tax,

unless the form displays a valid OMB

line 8 of this Form 706-QDT for the

if all of the following conditions are met.

control number. Books or records

decedent’s taxable estate from one of

relating to a form or its instructions

the following.

1. This return is being filed because

•

must be retained as long as their

Part 2 — Tax Computation, line 3 of

of the death of the surviving spouse.

contents may become material in the

Form 706 (for estates of decedents

2. Any property remaining in the

administration of any Internal Revenue

dying before January 1, 2005).

QDOT at that time is includible in the

•

law. Generally, tax returns and return

Part 2 — Tax Computation, line 3c of

estate of the surviving spouse (or would

information are confidential as required

Form 706 (for estates of decedents

be includible if the surviving spouse

by section 6103.

dying on or after January 1, 2005).

had been a U.S. citizen or resident).

•

Part II — Tax Computation, line 1 of

3. The credit is allowable (or would

The time needed to complete and

Form 706-NA.

be allowable if the surviving spouse

file this form will vary depending on

had been a U.S. citizen or resident) to

individual circumstances. The

Prior year versions of Forms 706

the estate of the surviving spouse with

estimated average time is:

and 706-NA can be obtained by calling

respect to the property referred to in

1-800-TAX-FORM (1-800-829-3676) or

Recordkeeping . . . . .

1 hr., 12 min.

(2), above.

by accessing the IRS website at

4. The taxes were actually paid to a

Learning about the

foreign jurisdiction.

law or the form . . . . .

42 min.

Note that as a result of the

recomputation, some items other than

Preparing the form . .

1 hr., 30 min.

For details on claiming this credit,

the taxable estate might be different

see the Instructions for Form 706. If

Copying, assembling,

from what was on the decedent’s actual

you claim the foreign death tax credit,

and sending the form

estate tax return. If the decedent’s

you must complete and attach

to the IRS . . . . . . . . .

1 hr., 3 min.

estate did not fully use its unified credit,

Schedule P of Form 706.

additional unified credit may be

If you have comments concerning

allowable in the recomputation.

the accuracy of these time estimates or

If the decedent’s estate claimed a

suggestions for making this form

credit for tax on prior transfers and the

simpler, we would be happy to hear

credit was limited by section 2013(c),

from you. You can write to the Internal

the recomputed credit may be different

Revenue Service, Tax Products

than on the return as filed.

Coordinating Committee,

SE:W:CAR:MP:T:T:SP, 1111

Also, if the decedent’s estate

Constitution Ave. NW, IR-6526,

claimed a credit for state death taxes

Washington, DC 20224. Do not send

(for decedents dying before January 1,

the tax form to this address. Instead,

2005) or a credit for foreign death taxes

see Where To File on page 2.

and the amount of the credit that could

be claimed was limited by section

-6-

Instructions For Form 706-Qdt Page 6

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