Form M706 - Minnesota Estate Tax Return - 2014

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Estate Tax Return 2014
M706
For estates of a decedent whose date of death is in calendar year 2014
Check box if this is an amended return
Decedent’s fi rst name, middle initial
Last name
Decedent’s Social Security number
Last home address (street, apartment, route)
Date of death
City
State
Zip code
Minnesota probate county and fi le number
Executor’s fi rst name, middle initial
Last name
Executor’s Social Security number
If fi ling under a federal fi ling extension,
/
/
enter the extended due date
(mm/dd/yyyy) (attach IRS approval):
Name of fi rm (if applicable)
Executor’s phone
Check if electing the qualifi ed small business and
farm property deduction (attach Schedule M706Q):
Address (street, apartment, route)
City
State
Zip code
Check if you received an extension for paying tax:
Round amounts to the
nearest whole dollar.
1 Federal tentative taxable estate (from federal Form 706 line (3)(a)) . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1
2a Federal taxable gifts (from federal Form 706 line 4) . . . . . . . . . . . . . . .2a
b Portion of line 2a made after June 30, 2013 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2b
3 Any deduction taken for death taxes paid to a foreign country
(from federal Form 706, Schedule K) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3
4 Minnesota-Only QTIP property allowed on previously deceased spouse’s estate tax return . . . . . . . . . 4
5 Add lines 1, 2b, 3, and 4 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 5
6 Enter the total value of any deduction for qualifi ed small business property or
qualifi ed farm property on Schedule M706Q, Part 7, line 4 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 6
7 Minnesota-Only QTIP Property. Enter the amount from Worksheet A (on the back of this form) . . . . . . 7
8 Add lines 6 and 7 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 8
9 Subtract line 8 from line 5. This is your Minnesota taxable estate. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 9
10 Determine value by applying the amount on line 9 to the 2014 rate table in the instructions. . . . . . . 10
11 Multiply line 10 by the amount calculated on Worksheet B, step 7, on the back of this form . . . . . . . 11
12 Nonresident decedent tax credit (determine from instructions, pages 5 and 6). . . . . . . . . . . . . . . . . . 12
13 Minnesota estate tax (subtract line 12 from line 11) If less than zero, enter zero . . . . . . . . . . . . . . . . 13
14 Total payments, including any extension payments, made prior to fi ling this return . . . . . . . . . . . . . . . 14
15 Subtract line 14 from line 13. If negative number, use a minus sign (-) . . . . . . . . . . . . . . . . . . . . . . . . 15
16 Penalties (determine from instructions page 7) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 16
17 Interest, if any, from : ___________ to: _________ (complete worksheet on the back of this form) . . 17
18 AMOUNT DUE. Add lines 15, 16 and 17. If less than zero, enter zero . . . . . . . . . . . . . . . . . . . . . . . . . . 18
check
, or
electronic
Check payment method:
(attach payment voucher)
(see Options, page 2)
19 REFUND. If your total payments are more than the sum of Minnesota estate tax, penalty
and interest, subtract the amounts on lines 13, 16 and 17 from line 14 . . . . . . . . . . . . . . . . . . . . . . . 19
20 To have your refund direct deposited, enter the following. Otherwise, you will receive a check.
Account type:
Routing number
Account number
(must be an account not associated with any foreign bank)
Checking
Savings
I declare that this return is correct and complete to the best of my knowledge and belief.
Signature of executor
Date
Executor’s phone
I have appointed a power of attorney
on the back of this form.
Signature of executor
Date
Signature of executor
Date
Signature of preparer, other than executor
PTIN
Date
Daytime phone
You must attach a copy of the federal Form 706, required schedules, death certifi cate and all supporting documentation.
Mail to: Minnesota Estate Tax, Mail Station 1315, St. Paul, MN 55146-1315
9995

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