Form M-706 - Massachusetts Estate Tax Return - 2016 Page 3
ADVERTISEMENT
1
2
3
4
5FORM M-706, PAGE 3
Name of decedent
Date of death (mm/dd/yyyy)
Social Security number
3
3
3
Part 3. Computation of tax for estate of nonresident decedent with Massachusetts
property
01 Total gross estate, wherever situated. Enter the amount from Part 1, line 1 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1
02 Credit for state death taxes. Enter the amount from Part 1, line 6 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2
03 Gross value of real estate and tangible personal property in Massachusetts. Enter the total reported on Form M-NRA,
line 26. Do not deduct the value of any mortgage or lien . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3
04 Percentage of estate in Massachusetts. Divide line 3 by line 1. Note: Complete computation to six decimal places . . . . 4
05 Massachusetts nonresident estate tax. Multiply line 2 by line 4. Enter result here and in Part 4, line 1 . . . . . . . . . . . . . . . 5
Part 4. Massachusetts estate tax due
01 Massachusetts estate tax. Enter the amount from Part 1, line 6; Part 2, line 8; or Part 3, line 5, whichever applies . . . . . 1
02 Late file and/or late pay penalties . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2
03 Interest . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3
04 Total amount due. Add lines 1 through 3 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4
05 Payments made with extension. Attach a copy of Form M-4768 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 5
06 Other amounts previously paid. Attach copies of any prior filings with payment dates and amounts . . . . . . . . . . . . . . . . . 6
07 Total payments. Add lines 5 and 6. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 7
08 Overpayment. If line 4 is smaller than line 7, subtract line 4 from line 7. This is the amount of your refund. If line 4 is
larger than line 7, omit line 8 and complete line 9. If lines 4 and 7 are equal, enter “0” in line 8 and omit line 9 . . . . . . . . 8
09 Balance due. If line 4 is larger than line 7, subtract line 7 from line 4. This is the amount of the payment due at time
of filing . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 9
Part 5. Total gross estate.
Schedule references are to the schedules of the U.S. Form 706 with a revision date of July 1999 which
must be completed and submitted with this return whether or not a current federal estate tax return, U.S. Form 706, is required to be filed.
Alternate value
Value at date of death
01 Schedule A: Real estate. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1
02 Schedule B: Stocks and bonds . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2
03 Schedule C: Mortgages, notes, and cash . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3
04 Schedule D: Insurance on decedent’s life (attach Form(s) 712). . . . . . . . . . . . . . . . . . . . . . . . . 4
05 Schedule E: Jointly owned property (attach Form(s) 712 for life insurance) . . . . . . . . . . . . . . . 5
06 Schedule F: Other miscellaneous property (attach Form(s) 712 for life insurance) . . . . . . . . . . 6
07 Schedule G: Transfers during decedent’s life (attach Form(s) 712 for life insurance) . . . . . . . . 7
08 Schedule H: Powers of appointment . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 8
09 Schedule I: Annuities . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 9
10 Total gross estate (add lines 1 through 9). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10
11 Schedule U: Qualified conservation easement exclusion. . . . . . . . . . . . . . . . . . . . . . . . . . . . . 11
12 Total gross estate less exclusion (subtract line 11 from line 10). Enter here and on line 1
of Part 1, Tentative Massachusetts estate tax . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 12
ADVERTISEMENT
0 votes
Related Articles
Related forms
Related Categories
Parent category: Financial