Form 706 - United States Estate (And Generation-Skipping Transfer) Tax Return Page 37
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41Form 706 (Rev. 8-93)
When To Pay the GST Tax
Instructions for Fiduciary
The GST tax is due and payable 9 months after the
Purpose of Schedule R-1
decedent’s date of death (entered by the executor on
Code section 2603(a)(2) provides that the Generation-
Schedule R-1). Interest will be charged on any GST
Skipping Transfer (GST) tax imposed on a direct skip
taxes unpaid as of that date. However, you have an
from a trust is to be paid by the trustee. Schedule R-1
automatic extension of time to file Schedule R-1 and
(Form 706) serves as a payment voucher for the
pay the GST tax due until 2 months after the due date
trustee to remit the GST tax to the IRS. See the
(with extensions) for filing the decedent’s Schedule R,
instructions for Form 706 as to when a direct skip is
Form 706. This Schedule R, Form 706 due date is
from a trust.
entered by the executor on Schedule R-1. Thus, while
interest will be due on unpaid GST taxes, no penalties
How To Pay the GST Tax
will be charged if you file Schedule R-1 by this
The executor will compute the GST tax, complete
extended due date.
Schedule R-1, and give you two copies. You should
Signature
pay the GST tax using one copy and keep the other
copy for your records.
You, as fiduciary, must sign the Schedule R-1 in the
space provided.
The GST tax due is the amount shown on line 6.
Make your check or money order for this amount
payable to “Internal Revenue Service,” write “GST tax”
and the trust’s EIN on it, and send it and one copy of
the completed Schedule R-1 to the IRS Service Center
where the Form 706 was filed, as shown on the front
of the Schedule R-1.
Schedule R-1 (Form 706)—Page 37
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