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

2009 Form 706ME-EZ, Page 2

INSTRUCTIONS

MAINE ESTATE TAX INFORMATION RETURN FOR LIEN DISCHARGE

IF THE FEDERAL GROSS ESTATE PLUS ADJUSTED TAXABLE GIFTS PLUS MAINE ELECTIVE PROPERTY IS MORE THAN

$1,000,000, OR IF A FEDERAL FORM 706 IS REQUIRED, YOU CANNOT USE FORM 706ME-EZ. YOU MUST FILE MAINE FORM

706ME.

Note: 1) The value of the decedent’s gross estate is the fair market value at date of death of all property, real or personal, tangible

or intangible, wherever situated. Gross estate value is not the same as the probate estate value.

2) Adjusted taxable gifts is the total value of gifts made by the decedent after December 31, 1976 in excess of the annual

exclusion from gift tax.

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

•

A copy of the decedent’s will.

•

A copy of the Certiﬁ cate 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.

•

A completed worksheet for Form 706ME-EZ, Line 3.

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.

See Maine “Guidance

personal representative has not been appointed, qualiﬁ ed

to Residency Status” at

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

incomeestate/guidance/.

constructive possession of any property of the decedent

Step 4

is considered a personal representative and must ﬁ le

Line 1 On line 1a, enter value of gifts in excess of the

a return, or be listed as a personal representative on

applicable annual exclusion from gift tax made by

the single return that is ﬁ led for the estate. A personal

the decedent. On line 1b, indicate if any federal gift

representative can also be known as an executor or any

tax returns were ﬁ led on behalf of the decedent.

other individual legally responsible for administration of the

Line 3

Enter the gross value of the estate from column B,

estate. If there is more than one personal representative,

line 13 of the worksheet below. If column B, line

ﬁ ll in the information for one and attach a schedule listing

13 is more than $1,000,000, you cannot use Form

all personal representatives.

706ME-EZ; you must ﬁ le Form 706ME.

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

SIGNATURE: A personal representative of the decedent is

copies of conﬁ dential tax information sent to anyone other

required to sign this return. Failure to do so will

than the personal representative.

result in the return being rejected, further delaying

its processing.

Worksheet for Form706ME-EZ, Line 3

This worksheet must be completed or Form 706ME-EZ will not be processed

(Attach a detailed description of all assets, including the fair market value of each)

For more information, go to

incomeestate/estate

and select “An Introduction to the Valuation and Filing Process.”

Value

Line

Column A

Column B

Gross Estate

Number

Taxable by

Federal Gross

Maine

Estate

Real Estate (Please include Real Estate Documentation of Value)

Stocks and Bonds

Mortgages, Notes and Cash

Insurance on the Decedent’s Life (attach Form(s) 712)

Jointly Owned Property

Other Miscellaneous Property

Transfers During Decedent’s Life ( include revocable trust(s))

Powers of Appointment

Annuities/Retirement Assets

Trusts or Pass-through Interest

Maine Elective Property

Taxable Portion of Gifts Shown on page 1, line 1a

Total Gross Estate (add lines 1 through 12 and enter the total from column B on page 1, line 3)

Marital Deduction

Maine elective property is property designated by the predeceased spouse as Maine QTIP property. If the estate contains

Maine elective property, Form 706ME must be ﬁ led. For more information on Maine QTIP property and Maine elective

property, see incomeestate/estate/.

MAIL TO:

MAINE REVENUE SERVICES, P.O. BOX 1068, AUGUSTA, ME 04332-1068

Rev. 10/08

Form 706me-Ez - Estate Tax Information Return For Lien Discharge - 2009 Page 2

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