Instructions For Form Ct-706, Connecticut Estate Tax Return (Page 2 of 3) in pdf

• The estate is a resident estate and has claimed a

completing it in accordance with the August 2002

revision of the Instructions for Form 706 (as if the

credit against the Connecticut estate tax for death

decedent had died during calendar year 2002).

tax paid to a state of the United States (other than

the State of Connecticut) or to the District of

When and Where to File

Columbia and, as a direct result of the estate filing

an amended estate tax return with the other state or

The due date for Form CT-706 is six months after the

District of Columbia, the amount of death tax the

decedent’s date of death. A Type 1 estate must file, as

estate is finally required to pay to that state or the

of the due date of Form CT-706, either Form

District of Columbia is different than the amount used

CT-706EXT, Application for Extension of Time to File

to determine the credit against Connecticut estate

and/or Pay Estate Tax, or, if the estate has filed its

tax. The estate must file an amended Form CT-706

federal Form 706 and is not applying for an extension of

not later than 90 days after the date of filing the

time to file or pay, Form CT-706. A Type 2 estate must

amended return with that state or the District of

file, as of the due date of Form CT-706, either Form

Columbia.

CT-706 or, if the estate is applying for an extension of

time to file or to pay, Form CT-706EXT. (Use the June

• The estate is a resident estate and has claimed a

2004 revision of Form CT-706EXT to request an

credit against the Connecticut estate tax for death

extension.) Unless an application for extension of time to

tax paid to a state of the United States (other than

pay the tax has been made, payment of the tax reported

the state of Connecticut) or to the District of

on Form CT-706EXT must accompany the application for

Columbia and, as a direct result of a change or

extension of time to file. If Form CT-706EXT is timely

correction to the estate tax return filed with the other

filed, a nine-month extension of time to file Form CT-706

state or the District of Columbia by the tax officers or

(and, if applicable, a nine-month extension of time to pay

other competent authority of the jurisdiction, the

the tax) will be granted. (Thus, the extended due date

amount of death tax the estate is finally required to

will be 15 months after the decedent’s date of death.)

pay to that state or the District of Columbia is

Form CT-706 must be filed in duplicate with both DRS

different than the amount used to determine the

and the appropriate probate court. Payment of any

credit against Connecticut estate tax.

The estate

additional tax reported to be due on the filing of Form

must file an amended Form CT-706 not later than 90

CT-706 as allowed by the extension, and interest at the

days after the final determination of the change or

rate of 1% per month, or fraction of a month, on the

correction and either concede the accuracy of the

additional tax, must accompany Form CT-706. (Interest

determination or state where it is erroneous.

accrues from the date that is six months after the

• If none of the above circumstances apply, but the

decedent’s date of death to the date of actual payment.)

estate made a mistake or omission on its Form

CT-706, and the mistake or omission affects its

Make

the

check

money

order

payable

to:

Connecticut estate tax liability.

Commissioner of Revenue Services. Write the

decedent’s name, Social Security Number, Connecticut

Connecticut Generation-Skipping Transfer Tax

succession tax file number, if known, and “Form

A person liable for the tax imposed under Chapter 216a

CT-706” or “Form CT-706EXT”, as the case may be,

of the Connecticut General Statutes satisfies the

on the check or money order.

requirements for filing a Connecticut Generation-

Skipping Transfer Tax Return by filing a duplicate copy

Special instructions for nonresident estates: If it is

of federal Form 706. A schedule detailing the value

claimed that the decedent was a nonresident of

and location of all transferred real and tangible personal

Connecticut at the time of death, the fiduciary must also

complete and attach Form C-3, State of Connecticut

property subject to the tax imposed under Chapter 216a

must be attached.

A duplicate copy of federal

Domicile Declaration, to the estate’s Form CT-706.

Form 706-GS(D), Generation-Skipping Transfer Tax

Amended Returns

Return for Distributions, or federal Form 706-GS-T,

Generation-Skipping

Transfer

Tax

Return

for

An estate must file an amended Form CT-706 in any of

Terminations, must also be attached.

the following circumstances:

• The estate files an amended federal Form 706 with

Line Instructions for Part I, Resident Estates

the Internal Revenue Service (IRS). The estate must

Rounding: You must round off cents to the nearest

file an amended Form CT-706 not later than 90 days

whole dollar on your returns and schedules. Round

after the date of filing the amended federal return.

down to the next lowest dollar all amounts that include

• The amount of federal estate tax reported on the

1 through 49 cents. Round up to the next highest dollar

estate’s federal Form 706 is changed or corrected by

all amounts that include 50 through 99 cents. However,

the IRS. The estate must file an amended Form

if you need to add two or more amounts to compute the

CT-706 not later than 90 days after the final

amount to enter on a line, include cents and round off

determination of the change or correction and either

only the total.

concede the accuracy of the determination or state

where it is erroneous.

(Rev. 06/04)

Page 2 of 3

Instructions For Form Ct-706, Connecticut Estate Tax Return Page 2

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