Instructions For Form 706-A - United States Additional Estate Tax Return

the same qualified use that the property

the estate tax valuation date rather than

Revenue Service to disclose or give

for which it was exchanged was used.

actual use value. Attach a schedule

such information shown on your Form

showing the recomputed estate tax.

706-A to the Department of Justice to

The period of the decedent’s or

enforce the tax laws, both civil and

family member’s ownership, qualified

Schedule C.

criminal, and to cities, states, the

use, or material participation with

District of Columbia, U.S.

respect to replaced or exchanged

Dispositions to Family

commonwealths or possessions, and

property is treated as the period of

certain foreign governments for use in

Members of the Qualified

ownership, qualified use, or material

administering their tax laws. We may

participation with respect to the

Heir

also disclose this information to other

qualified replacement or exchange

countries under a tax treaty, to federal

property. This applies only to that part

Agreement by transferee. You may

nontax criminal laws, or to federal law

of the fair market value of the

enter a disposition to a family member

enforcement and intelligence agencies

replacement or exchange property (at

of the qualified heir on Schedule C only

to combat terrorism. If you fail to

the date of acquisition) that does not

if you file this Form 706-A on time

provide this information in a timely

exceed the fair market value of the

(including extensions) and attach an

manner, you may be subject to

replaced or exchanged property (at the

agreement by the transferee to be

penalties and interest.

date of disposition).

personally liable for any additional

You are not required to provide the

Note. The 10-year recapture period is

estate tax under section 2032A(c) on

information requested on a form that is

extended under certain circumstances.

the interest received. For a format of

subject to the Paperwork Reduction Act

See Two-Year Grace Period —

the agreement, see Form 706,

unless the form displays a valid OMB

Commencement Date on page 2.

Schedule A-1.

control number. Books or records

If you are not filing this Form 706-A

How To Complete

relating to a form or its instructions

on time, or if the transferee does not

must be retained as long as their

Schedule B

enter into the agreement, you must

contents may become material in the

enter the disposition(s) on Schedule A

Column A. Make one entry for each

administration of any Internal Revenue

instead of Schedule C.

item of qualified replacement or

law.

exchange property.

How To Complete

The time needed to complete and

Column B. Describe the qualified

file this form will vary depending on

Schedule C

replacement property with enough

individual circumstances. The

See the instructions for completing

detail so that the IRS can locate and

estimated average time is:

columns A, B, and C of Schedule A on

value it. For more information, see the

page 3.

instructions to Schedule A of Form 706.

Recordkeeping . . . . . . . .

3 hr., 17 min.

Column C. For an involuntary

Privacy Act and Paperwork

Learning about the law or

conversion, enter the cost of the

Reduction Act Notice. We ask for the

the form . . . . . . . . . . . .

2 hr., 11 min.

replacement property. For an

information on this form to carry out the

exchange, enter the fair market value of

Preparing the form . . . . . .

1 hr., 39 min.

Internal Revenue laws of the United

the replacement property.

States. We need it to figure and collect

Copying, assembling, and

sending the form to the

the right amount of tax. Subtitle B,

Part II—Tax

IRS . . . . . . . . . . . . . . .

1 hr., 3 min.

Estate and Gift Taxes, of the Internal

Revenue Code, imposes a tax in some

Computation

If you have comments concerning

cases on qualified heirs who dispose of

the accuracy of these time estimates or

property valued under special valuation

Line 2

suggestions for making this form

rules. This form is used to determine

simpler, we would be happy to hear

Enter the total value at the estate tax

the amount of the taxes that you owe.

from you. You can write to the Internal

valuation date of all specially valued

Section 6011 requires you to provide

Revenue Service, Tax Products

property that the executor elected, on

the requested information if the tax is

Coordinating Committee,

the Form 706 filed for the decedent’s

applicable to you. Section 6109

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

estate, to value at actual use rather

requires you to provide your taxpayer

Constitution Ave. NW, IR-6526,

than fair market value.

identification number (SSN).

Washington, DC 20224. Do not send

Generally, tax returns and return

Line 3a

the tax form to this office. Instead, see

information are confidential, as required

Where To File on page 1.

Enter the amount of the estate tax for

by section 6103. However, section

the decedent’s estate that is

6103 allows or requires the Internal

recomputed using fair market value at

-4-

Instructions For Form 706-A - United States Additional Estate Tax Return - 2008 Page 4

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