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Australia, Finland, Greece, Italy, Japan,

20.2011-1(c)(2) for more information

in either a qualified employer plan or an

Norway, and Switzerland contained

about the certificate.

individual retirement account. If the

provisions to which section 2102(c)(3)(A)

decedent possessed such an interest,

If you later recover any of the state

see the instructions to Schedule S, Form

applies.)

tax for which you claim this credit, notify

706.

Line 9.—You may take a credit for part

the Internal Revenue Service Center,

of the death or inheritance taxes you

Philadelphia, PA 19255 within 30 days of

Lines 18–19.—Attach an explanatory

paid to a state or the District of

receiving any refund of state taxes.

statement if earlier payments were made

Columbia on property listed in Schedule

to the Internal Revenue Service or if

Line 15.—If you answered “Yes” to

A. Generally, you must claim this credit

payment is made by certain U.S.

Question 11 of Part III, you must

within 4 years of filing the return. To find

Treasury bonds that were issued before

complete and attach Schedules R

your allowed credit, use Table B in the

March 4, 1971, and redeemed at any

and/or R-1 from Form 706.

Form 706 instructions to figure the

Federal Reserve bank, the office of the

For the purposes of Form 706-NA, the

supposed credit that would be allowable

Treasurer of the United States, or the

GST tax is imposed only on transfers of

on the entire line 1 amount (reduced by

Bureau of Public Debt. For details, see

interests in property that are part of the

Rev. Proc. 69-18, 1969-2 C.B. 300.

$60,000). Your allowed credit cannot be

gross estate in the United States.

more than this supposed credit

Line 21.—Pay the balance due within 9

Therefore, when completing Schedules

multiplied by a fraction. The numerator

months after the decedent’s death

R and/or R-1, you should enter only

of the fraction is the value of the

unless an extension of time to pay was

transfers of interests in property that you

property you include in Schedule A and

granted. In that case, attach a copy of

listed on Schedule A of Form 706-NA.

on which you paid the state tax, and the

the approved Form 4768 to Form

Otherwise, complete Schedules R

denominator is the value of all the

706-NA. Make the check or money order

and/or R-1 according to their

property you report in Schedule A. Enter

payable to the Internal Revenue Service

instructions and enter the total GST tax

on line 9 the smaller of this amount or

for the face value in U.S. dollars.

from Schedule R on line 15.

the taxes you actually paid.

Signature.—Form 706-NA must be

Note: At the time this for m went to

For the credit to be allowed, you must

signed. Each executor must verify and

print, the IRS had issued proposed

file a certificate signed by the

sign it. If another person prepares Form

regulations that would change the

appropriate official of the taxing state.

706-NA for the executor, the preparer

treatment of generation-skipping

The certificate should show the total tax

must also sign. The executor may use

transfers by nonresident aliens.

charged; any discount allowed; any

Form 2848, Power of Attorney and

Line 16.—Code section 4980A imposes

penalties and interest imposed; the tax

Declaration of Representative, to

an increased estate tax on the estates

actually paid; and each payment date. If

authorize another person to act for him

of decedents who die after December

possible, attach the certificate to this

or her before the Internal Revenue

31, 1986. The tax applies only if the

return; otherwise, please file it as soon

Service.

decedent possessed at death an interest

as possible. See Regulations section

Worksheet for Line 4—(Use only if line 3 of Part II exceeds $10 million.)

Maximum unified credit

(If line A is $13,000, skip lines B and C, enter $7,444,000 on line D, and continue with worksheet.)

(Note: If the maximum unified credit is based on a treaty provision, see section 2102(c)(3)(A) to figure

the amount to enter on line A.)

$359,200

Tax benefit attributable to graduated rates

Add lines A + B

Divide line C by .05

Enter the amount from line 3, Part II of Form 706-NA

10,000,000

Threshhold amount

Subtract line F from line E

Enter the smaller of line D or line G

Multiply line H by .05

Figure the tax on the amount from line E. Use the Tax Table on page 3

Add lines I and J. Enter the result here and on line 4, Part II of Form 706-NA

Worksheet for Line 5—(Use only if line 2 of Part II exceeds $10 million.)

$7,184,000

Factor for graduated rates

Enter the amount from line 2, Part II of Form 706-NA

10,000,000

Threshhold amount

Subtract line C from line B

Enter the smaller of line A or line D

Multiply line E by .05

Figure the tax on the amount from line B. Use the Tax Table on page 3

Add lines F and G. Enter the result here and on line 5, Part II of Form 706-NA

Page 4

Printed on recycled paper

Instructions For Form 706-Na - United States Estate (And Generation-Skipping Transfer) Tax Return - Internal Revenue Service - 1993 Page 4

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