Form 706 Me- Ez -Maine Estate Tax Information Return For Lien Discharge Page 2
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22006 Form 706ME-EZ, Page 2
INSTRUCTIONS
MAINE ESTATE TAX INFORMATION RETURN FOR LIEN DISCHARGE
IF THE GROSS VALUE OF THE ESTATE PLUS PRIOR TAXABLE GIFTS IS $1,000,000 OR GREATER, OR IF A
FEDERAL FORM 706 IS REQUIRED, YOU CANNOT USE FORM 706ME-EZ. YOU MUST FILE MAINE FORM 706ME.
Note: 1) The value of the gross estate of the decedent is the value at the time of death of all property, real or personal,
tangible or intangible, wherever situated. Gross estate value is not the same as the probate estate value.
2) Prior taxable gifts is the total value of gifts made by the decedent during his or her lifetime in excess of the
annual exclusion from gift tax.
The following documents must be included with Form 706ME-EZ:
•
A copy of the Certificate of Discharge of Estate Tax Lien containing a description of the property.
•
A copy of the appraisals or documentation of fair market value at the time of death. Provide a list and
description of assets.
•
A completed worksheet for Form 706ME-EZ, Line 3.
SPECIFIC LINE INSTRUCTIONS
Step 3 Check the appropriate box for the decedent’s residency
tep 1
Enter all required information. Failure to fully complete
S
this section will delay the processing of the return. If a
status at the time of death.
personal representative has not been appointed,
Step 4
qualified and acting in the United States, every person
Line 1a Enter value of gifts in excess of the applicable annual
in actual or constructive possession of any property of
exclusion from gift tax made by the decedent and
the decedent is considered a personal representative
indicate if any federal gift tax returns have been filed on
and must file a return, if required by law. A personal
behalf of the decedent.
representative can also be known as an executor or
Line 3
Enter the gross value of the estate from line 13 of the
any other individual legally responsible for
worksheet. If line 13 of the Worksheet is $1,000,000 or
administration of the estate. If there is more than one
greater, you cannot use Form 706ME-EZ; you must file
personal representative, fill in the information for one
Form 706ME.
and attach a schedule listing all personal
representatives.
SIGNATURE: A personal representative of the decedent is required
Step 2 This section must be completed if you choose to have
to sign this return. Failure to do so will result in the
copies of confidential tax information sent to anyone
return being rejected, further delaying its processing.
other than the personal representative.
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The Maine Elective Property referred to in line 11 above is the current value of the Maine
QTIP election upon the death of the surviving spouse.
MAIL TO:
MAINE REVENUE SERVICES, P.O. BOX 1068, AUGUSTA, ME 04333-1068
Rev. 12/05
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