Form 706-Gs(D-1) - 2007 - Instructions For Skip Person Distributee - Department Of The Treasury - Internal Revenue Service

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Instructions for Skip Person Distributee
General Instructions
Specific Instructions
Purpose of form
Part I
Form 706-GS(D-1) is used by a trustee to report to the
Line 2a. Enter the trust’s employer identification
distributee and to the Internal Revenue Service
number from Part I of this form in Part II, column a, of
distributions from a trust that are subject to the
your Form 706-GS(D).
generation-skipping transfer tax. The skip person
Part II
distributee uses the information on Form 706-GS(D-1)
Column a. Use the same item number used here for
to complete Form 706-GS(D), Generation-Skipping
the corresponding entry in Part II, column b, of your
Transfer Tax Return for Distributions.
Form 706-GS(D).
Attach a copy of each Form 706-GS(D-1) you
Column c. The date of distribution is the date the title
received during the year to your Form 706-GS(D). You
to the property distributed passed from the trustee to
should also keep a copy for your records.
the distributee. This is the date used to determine the
Errors
value of the distribution.
If you believe the trustee has made an error on your
Column f. Enter the tentative transfer amount in Part II,
Form 706-GS(D-1), notify the trustee and ask for a
column c, of your Form 706-GS(D).
corrected Form 706-GS(D-1). Do not change any items
on your copy. Be sure to ask the trustee to send a
copy of the corrected Form 706-GS(D-1) to the IRS.
Printed on recycled paper

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