Looking for a Form 706-na Templates? Download it for free!

Generally, you must claim this

If the unified credit is affected by a

or R-1 according to their instructions

deduction within 4 years of filing the

treaty, see section 2102(b)(3)(A).

and enter the total GST tax from

return. However, see section 2058(b)

Schedule R on line 13.

Note. At the time this form went to

for exceptions and periods of

print, treaties with Australia, Canada,

For details, see Regulations section

limitations.

Finland, France, Germany, Greece,

26.2663-2.

For the deduction to be allowed, you

Italy, Japan, Norway, and Switzerland

Note. The tax rate for all

contained provisions to which section

must file a certificate signed by the

generation-skipping transfers made in

2102(b)(3)(A) applies.

appropriate official of the taxing state.

2010 is zero.

The certificate should show:

Any amount previously allowed

•

Line 15. Attach an explanatory

The total tax charged,

as a unified credit against the

•

statement if earlier payments were

Any discount allowed,

gift tax will reduce, dollar for

•

made to the Internal Revenue Service.

CAUTION

Any penalties and interest imposed,

dollar, the unified credit allowed the

•

The tax actually paid, and

Line 16. Pay the balance due within 9

estate (section 2102(b)(3)(B)).

•

Each payment date.

months after the decedent’s death

Line 9. Use line 9 to enter the

unless an extension of time to pay was

If possible, attach the certificate to

following credits.

granted. Make the check or money

this return; otherwise, please file it as

Credit for federal gift taxes. See

order payable to the “United States

soon as possible.

sections 2102 and 2012. Attach

Treasury” for the face value in U.S.

If you later recover any of the state

computation of credit.

dollars.

tax for which you claim this deduction,

Canadian marital credit. In

you must notify the IRS at the following

Signature(s)

addition to the unified credit, a

address within 30 days of receiving any

nonrefundable marital credit may be

refund of state taxes.

allowed if the executor elects this treaty

If there is more than one

Department of the Treasury

benefit and waives the benefit of any

executor, all listed executors are

Internal Revenue Service Center

estate tax marital deduction allowable

responsible for the return.

CAUTION

Cincinnati, OH 45999

under U.S. law. The credit amount is

However, it is sufficient for only one of

generally limited to the lesser of:

the co-executors to sign the return.

Part II. Tax Computation

•

The unified credit allowed to the

Form 706-NA must be signed. The

Line 4 and Line 5. To determine the

estate (before reduction for any gift tax

executor must verify and sign the

tentative tax on the amount on line 2 (to

unified credit) or

declaration on page 1 under penalties

•

be entered on line 4) and the tentative

The amount of estate tax that would

of perjury. The executor may use Form

tax on the amount on line 3 (to be

otherwise be imposed by the United

2848, Power of Attorney and

States on the transfer of qualifying

entered on line 5), use Table

Declaration of Representative, to

property to the surviving spouse.

A — Unified Rate Schedule in the

authorize another person to act for him

version of the Instructions for Form 706

See the 1995 Canadian income tax

or her before the Internal Revenue

that corresponds to the decedent’s date

treaty protocol for details on computing

Service. See the instructions for Form

of death.

the credit. Also, attach a computation of

2848 and Circular 230, section

Line 7. Enter the unified credit. The

the credit and on the dotted line to the

10.7(c)(1)(vii), for information on

unified credit is allowed for the smaller

left of the line 9 entry, write “Canadian

representing a person or entity located

of the line 6 amount or the maximum

marital credit.”

outside the United States.

unified credit. In general, the maximum

Line 13. If you answered “Yes” to

Generally, anyone who is paid to

unified credit is $13,000.

Question 11 of Part III, you must

prepare the return must sign the return

For a citizen of a U.S. possession

complete and attach Schedules R and/

in the space provided and fill in the

(see section 2209), the maximum

or R-1 from Form 706.

“Paid Preparer Use Only” area. See

unified credit is the greater of:

For the purposes of Form 706-NA,

section 7701(a)(36)(B) for exceptions.

•

$13,000 or

the GST tax is imposed only on

•

In addition to signing and completing

The product of $46,800 times a

transfers of interests in property that

the required information, the paid

fraction.

are part of the gross estate in the

preparer must give a copy of the

The numerator of the fraction is the

United States. Therefore, when

completed return to the executor.

part of the gross estate located in the

completing Schedules R and/or R-1,

Note. A paid preparer may sign

United States (line 1 of Schedule B),

you should enter only transfers of

original or amended returns by rubber

and the denominator is the entire gross

interests in property that you listed on

stamp, mechanical device, or computer

estate wherever located (line 3 of

Schedule A of Form 706-NA.

software program.

Schedule B).

Otherwise, complete Schedules R and/

-5-

Instructions Draft For Form 706-Na - United States Estate (And Generation-Skipping Transfer) Tax Return Estate Of Nonresident Not A Citizen Of The United States Page 6

Related Articles

Related forms

Related Categories