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first distribution is $10,000 and has an

Line 6

Table of Maximum Tax Rates

inclusion ratio of .25. The value of the

Enter, using the table below, the

EPS File Name: 10828g01

Size: Width = 14.0 picas, Depth = 7 picas

second distribution is $20,000 and

The

applicable rate in effect at the time the

has an inclusion ratio of .33. The

If the generation-skipping

maximum

generation-skipping distribution

value of the third distribution is

transfer occurred

tax rate is

occurred.

$30,000 and has an inclusion ratio

After December 31, 2002, but

49%

Line 9

of .50. You received the completed

before January 1, 2004

. .

return from the preparer along with the

Make your check payable to the

bill for the preparer's fee on April 14

“United States Treasury.” Please write

After December 31, 2003, but

48%

and filed the return on April 15. You

your SSN (or EIN), the year, and

before January 1, 2005

. .

paid the preparer's $200 fee on April

“Form 706-GS(D)” on the check to

After December 31, 2004, but

47%

20. The adjusted allowable expense

assist us in posting it to the proper

before January 1, 2006

. .

you should report on line 4 of Part III is

account. Enclose, but do not attach,

$80, calculated as follows.

the payment with Form 706-GS(D).

After December 31, 2005, but

46%

before January 1, 2007

. .

$10,000

200 = 33.33

.25 = 8 (rounded)

$60,000

After December 31, 2006, but

45%

$20,000

before January 1, 2010

. .

200 = 66.67

.33 = 22 (rounded)

$60,000

After December 31, 2009, but

$30,000

200 = 100

.50

= 50

before January 1, 2011

. .

$60,000

Adjusted allowable expense

= 80

After December 31, 2010, but

35%

before January 1, 2013

. .

After December 31,

40%

2012

. . . . . . . . . . . . . .

Privacy Act and Paperwork Reduction Act Notice. We ask for the information on this form to carry out the Internal

Revenue laws of the United States. We need it to figure and collect the right amount of tax. Subtitle B, Estate and Gift

Taxes, of the Internal Revenue Code imposes a tax on certain distributions from a trust to a skip person; section 6109

requires you to provide your identification number. This form is used to figure the amount of the taxes that you owe.

Failure to provide this information in a timely manner, or providing false or fraudulent information, may subject you to

penalties. We may disclose this information to the Department of Justice for civil and criminal litigation, and to cities,

states, the District of Columbia, and U.S. commonwealths and possessions for use in administering their tax laws. We

may also disclose this information to other countries under a tax treaty, to federal and state agencies to enforce federal

nontax criminal laws, or to federal law enforcement and intelligence agencies to combat terrorism.

You are not required to provide the information requested on a form that is subject to the Paperwork Reduction Act

unless the form displays a valid OMB control number. Books or records relating to a form or its instructions must be

retained as long as their contents may become material in the administration of any Internal Revenue law. Generally, tax

returns and return information are confidential, as required by section 6103.

The time needed to complete and file this form will vary depending on individual circumstances. The average

estimated time is:

Recordkeeping

6 min.

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Learning about the law or the form

13 min.

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Preparing the form

18 min.

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Copying, assembling, and sending the form to the IRS

20 min.

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

If you have comments concerning the accuracy of these time estimates or suggestions for making this form simpler,

we would be happy to hear from you. You can send us comments from Click on “More

Information” and then on “Comment on Tax Forms and Publications.” Or you can also send your comments to the

Internal Revenue Service, Tax Forms and Publications Division, 1111 Constitution Ave. NW, IR-6526, Washington, DC

20224. Do not send the form to this address. Instead, see Where to File.

-3-

Instructions For Form 706-Gs(D) - Generation-Skipping Transfer Tax Return For Distributions Page 3

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