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3. A surviving spouse's dower or

its 3 tax years before the decedent's

How To Complete Form

curtesy interest and all substitute interests

death (section 861(a)(1)(A)).

706-NA

created by statute.

c. Certain short-term original issue

First, enter the decedent's name and the

4. Proceeds of insurance on the

discount debt obligations. See section

decedent's life, generally including

2105(b)(4) for details.

other information called for in Part I. Then

proceeds receivable by beneficiaries

answer all of the questions in Part III.

6. The following deposits are treated

other than the estate.

as located outside the United States if

The estate tax is imposed on the

5. Several kinds of transfers the

they are not effectively connected with

decedent's gross estate in the United

States, reduced by allowable deductions.

decedent made before death.

conducting a trade or business within the

Compute the gross estate in the United

United States:

6. Property in which the decedent

States on Schedule A. Reduce the

either held a general power of

a. A deposit with a U.S. bank or a U.S.

Schedule A total by the allowable

appointment at the time of death, or used

banking branch of a foreign corporation.

deductions to derive the taxable estate on

or released this power in certain ways

b. A deposit or withdrawable account

Schedule B, and figure the tax due using

before death.

with a savings and loan association

the Tax Computation schedule (Part II).

7. Certain annuities to surviving

chartered and supervised under Federal

beneficiaries.

or state law.

Part III—General Information

For additional information concerning

c. An amount held by a U.S.

Question 6a. If you answer “Yes,” please

joint tenancies, tenancies by the entirety,

insurance company under an agreement

attach a statement listing the citizenship

annuities, life insurance, transfers during

to pay interest.

of the decedent's parents; whether the

life, and powers of appointment, see the

d. A deposit in a foreign branch of a

decedent became a U.S. citizen through

Instructions for Form 706.

U.S. bank.

a naturalization proceeding in the United

Enter on Schedule A all of the assets

If an asset is included in the total gross

States; and when the decedent lost U.S.

that meet both the following tests:

estate because the decedent owned it at

citizenship or residency.

They are included in the “entire gross

the time of death, apply these location

Question 6b. If you answer “Yes,” but

estate” and

rules as of the date of the decedent's

maintain that avoiding U.S. taxes was not

They are located in the United States.

death. However, if an asset is included in

a principle purpose for the decedent's loss

the decedent's total gross estate under

Unless a treaty provides otherwise (see

of citizenship or residency, attach

one of the transfer provisions (sections

Death Tax Treaties on page 1) use the

documents to sustain your position. See

2035, 2036, 2037, and 2038), it is treated

following rules to determine whether

Definitions on page 1.

as located in the United States if it fulfills

assets are located in the United States:

Question 9. A general power of

these rules either at the time of the

1. Real estate and tangible personal

appointment means any power of

transfer or at the time of death. For

property are located in the United States

appointment exercisable in favor of the

example, if an item of tangible personal

if they are physically located there. An

decedent, the decedent's estate, the

property was physically located in the

exception is made for works of art

decedent's creditors, or the creditors of

United States on the date of a section

imported into the United States solely for

the decedent's estate, and includes the

2038 transfer but had been moved

public exhibition.

right of a beneficiary to appropriate or

outside the United States at the time of

consume the principal of a trust. For a

2. No matter where stock certificates

the decedent's death, the item would be

are physically located, stock of

complete definition, see section 2041.

considered still located in the United

corporations organized in or under U.S.

States and should be listed on Schedule

Schedule A

law is property located in the United

States, and all other corporate stock is

Before you complete Schedule A, you

Describe the property on Schedule A in

property located outside the United

must determine what assets are included

enough detail to enable the IRS to identify

States.

in the decedent's entire gross estate,

it. To determine the fair market value of

wherever located. However, list on

3. Proceeds of insurance policies on

stocks and bonds, use the rules in the

Schedule A only those assets included in

the decedent's life are property located

instructions for Schedule B of Form 706.

the entire gross estate that are located in

outside the United States.

In descriptions of stock, include:

the United States. (Enter the total value

4. Debt obligations are generally

The corporation's name;

of assets located outside the United

property located in the United States if

States on line 2 of Schedule B.)

The number of shares;

they are debts of a U.S. citizen or

resident, a domestic partnership or

Whether common or preferred (if

The “entire gross estate” is figured the

same way for a nonresident alien

corporation, a domestic estate or trust, the

preferred, what issue);

decedent as for a U.S. citizen or resident.

United States, a state or state's political

The par value (when needed for

It consists of all property the decedent

subdivision, or the District of Columbia.

identification);

beneficially owned, wherever located, and

5. The following debt obligations are

9–digit CUSIP number; and

includes the following property interests:

generally treated as located outside the

The quotation at which reported.

United States:

1. Generally, the full value of property

Give the main exchange for listed stock;

the decedent owned at the time of death

a. Debt obligations (whether

for unlisted stock, give the post office

as a joint tenant with right of survivorship

registered or unregistered) issued after

address of the main business office of the

(but if the surviving spouse is a U.S.

July 18, 1984 if the interest on them would

corporation, the state in which

citizen, then only half the value of property

be eligible for the exemption from tax

incorporated, and the incorporation date.

held by the decedent and surviving

under section 871(h)(1) were such

In bond descriptions, include:

spouse either as joint tenants with right

interest received by the decedent at the

The quantity and denomination;

of survivorship or as tenants by the

time of his death. However, if the debt

Obligor's name;

entirety). For exceptions, see the

earns contingent interest, some or all of

Maturity date;

instructions on the reverse side of

it may be considered property located in

Schedule E, Form 706.

Interest rate;

the United States (section 2105(b)).

2. Property the decedent and a

Each date when interest is payable;

b. A debt obligation of a domestic

surviving spouse owned as community

corporation if the interest from it (had it

9–digit CUSIP number; and

property to the extent of the decedent's

been received at the time of death) would

Series number (if more than one issue).

interest in the property under applicable

have been treated as income from outside

Give the exchange where the bond is

state, possession, or foreign law.

the United States because the corporation

listed; if it is unlisted, give the

derived less than 20% of its gross income

corporation's main business office.

from sources in the United States during

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Instructions For Form 706-Na - United States Estate (And Generation-Skipping Transfer) Tax Return - 1999 Page 2

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