Form M-706 - Massachusetts Resident Estate Tax Return

Rev. 11/98

Massachusetts

Form M-706

Department of

Massachusetts Resident Estate Tax Return

Revenue

For every estate with date of death on or after January 1, 1997. Filing fee $10.

Check box if an Amended Return.

Decedent’s name (first, middle initial, last name)

Date of death

Residence (domicile) at time of death

Decedent’s Social Security number

Probate court

Docket number

Check box if previously filed:

Form M-4422

Form M-4768

Form M-4768A

Executor(s) (see instructions)

Name

Address (include Zip code)

Designation

Attorney(s) representing the estate, if any:

Name

Address (include Zip code)

Telephone

Computation of Tax for Estate of Massachusetts Resident Decedent

Attach a copy of the federal estate tax return, U.S. Form 706, including all schedules and exhibits.

11 Total gross estate, wherever situated, from U.S. Form 706 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1

12 Credit for state death taxes. Enter maximum allowable amount from U.S. Form 706 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2

If all of decedent’s property is located in Massachusetts, omit lines 3–6, and enter “0” on line 7

13 Estate or inheritance taxes actually paid to other states . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3

14 Gross value of real estate and tangible personal property in other states . . . . . . . . . . . . . . . . . . . 4

%

15 Percentage of estate in other states.

Divide line 4 by line 1 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 5

16 Prorated credit. Multiply line 2 by line 5 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 6

17 Deduction allowable for taxes paid to other states. Enter the

17

smaller of line 3 or line 6 . . . . . . . . . . . . . . . . . . . . . . . . . .

18 Massachusetts estate tax. Subtract line 7 from line 2 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 18

19 Amount previously paid (attach any prior filings with payment dates and amounts) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 19

10 Refund. Subtract line 8 from line 9 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10

11 Balance due. Subtract line 9 from line 8. Make check payable to the Commonwealth of Massachusetts . . . . . . . . . . . . . 11

Add to total in line 11, if applicable: Interest $________________, Penalty $ _______________

Power of Attorney

Authorization to receive confidential information under MGL, Ch. 62C, s.21 and Power of Attorney.

I (We) hereby appoint the undersigned nominee, subject to written revocation, as attorney(s)-in-fact to represent the taxpayer before any office of the

Massachusetts Department of Revenue (DOR), to receive confidential information and to perform on my (our) behalf the following acts for this estate:

(Strike any of the following that are not granted.)

To receive, but not to endorse and collect, checks in payment of any refund of Massachusetts taxes, penalties or interest.

To execute waivers, closing agreements and consents extending the statutory period for assessment or collection of taxes.

To delegate authority or to substitute another representative.

Other acts (specify):

Send copies of notices and other written communications addressed to the taxpayer(s) in proceedings involving the above estate to:

Name

Telephone

Address (include Zip code)

Signature of nominee

Date

Signature of executor, administrator, etc.

Date

Declaration

(The personal representative of the estate is personally liable for transfers of estate assets before all taxes are paid.)

Under penalties of perjury, I declare that to the best of my knowledge and belief this return and enclosures are true, correct and complete.

Signature(s) of executor(s), administrator(s), etc.

Date

Signature and address of preparer other than the executor(s), etc.

Employer Identification or Social Security number

Date

Mail to: Massachusetts Department of Revenue, Bureau of Desk Audit, Estate Tax Unit, PO Box 7023, Boston, MA 02204.