Form 706me-Ez - Maine Estate Tax Information Return For Lien Discharge

INSTRUCTIONS

MAINE ESTATE TAX INFORMATION RETURN FOR LIEN DISCHARGE

(36 M.R.S.A. §§ 4061, et seq.)

IF THE GROSS VALUE OF THE ESTATE PLUS PRIOR TAXABLE GIFTS IS $950,000 OR GREATER, YOU

CANNOT USE FORM 706ME-EZ. YOU MUST FILE MAINE FORM 706ME.

Note

1) The value of the gross estate of the decedent is the value at the time of death of all property, real or

personal, tangible or intangible, wherever situated.

2) Prior taxable gifts is the total amount of gifts made by the decedent during his or her lifetime in

excess of the annual exclusion from gift tax.

The following documents must be included with Form 706ME-EZ:

A copy of the Certificate of Discharge of Estate Tax Lien containing a description of the property.

A copy of the appraisals or documentation of fair market value at the time of death. Provide a

list and description of assets.

Worksheet for Form 706ME-EZ, Line 4.

SPECIFIC LINE INSTRUCTIONS

Step 1 Enter all required information. Failure to fully complete

Step 3 Check the appropriate box for the decedent’s residency

this section will delay the processing of the return. If a

status at the time of death.

personal representative has not been appointed, qualified

Step 4

and acting in the United States, every person in actual or

Line 1

Is federal Form 706 required to be filed for this estate?

constructive possession of any property of the decedent

If yes, you may not use this form. You must file using

is considered a personal representative and must file a

Maine Form 706ME.

return, if required by law. A personal representative can

Line 2a Enter amount of gifts in excess of the applicable

also be known as an executor or any other individual legally

annual exclusion from gift tax made by the decedent

responsible for administration of the estate. If there is

and advise if any federal gift tax returns have been

more than one personal representative, fill in the

filed on behalf of the decedent.

information for one and attach a schedule listing all

Line 4

Enter the sum of the gross value of the estate from

personal representatives.

line 9 of the worksheet . If line 9 of the Worksheet

Step 2 This section must be completed if you choose to have

is $950,000 or greater, you cannot use Form

copies of confidential tax information sent to anyone other

706ME-EZ. You must file Form 706ME.

than the personal representative.

Worksheet for Form 706ME-EZ, Line 4

(Enclose with Form 706ME-EZ)

(Attach a detailed description of all assets in the estate including fair market value)

1. Real property ...............................................................................................

1. ___________________

2. Trusts or pass-through interests ................................................................

2. ___________________

3. Bank deposits, mortgages, notes and cash ...............................................

3. ___________________

4. Stocks and bonds ........................................................................................

4. ___________________

5. Life insurance ..............................................................................................

5. ___________________

6. Annuities and retirement benefits ...............................................................

6. ___________________

7. Tangible personal property (cars, boats, coin collections, etc...) ................

7. ___________________

8. Taxable portion of gifts shown on page 1, line 2a ......................................

8. ___________________

9. Add lines 1 through 8 (enter on page 1, line 4 of this form) .......................

9. ___________________

MAIL TO:

MAINE REVENUE SERVICES

P.O. BOX 1068

AUGUSTA, ME 04333-1068

2005 Form 706ME-EZ, Page 2

Form 706me-Ez - Maine Estate Tax Information Return For Lien Discharge - 2005 Page 2

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