Form W706 - Schedule Tc - Tax Computation Schedule
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1Form W706
Schedule TC – Tax Computation Schedule
For Estates of Resident and Nonresident Decedents when Decedent's Date of Death is on or after October 1, 2002 through December 31, 2004
Estate of
Date of death
Date of birth
Social security number of decedent
Estate federal Id number (EIN)
1 Line 1 of part 2, federal 706 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
1
.
2 Line 3 of part 2, federal 706 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
2
.
3 a Nontaxable insurance and pensions
. . 3a
(see instructions)
.
COMPUTATION
$ 60,000
b Exemptions on 12/31/00 . . . . . . . . . . . . . . . . . . . . . . . . . 3b
.
OF
60,000.00
c Add lines 3a and 3b . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
3c
.
FEDERAL
CREDIT
4 Adjusted taxable estate (subtract line 3c from line 2) . . . . . . . . . . . . . . . . . . . . . . .
4
-60,000.00
.
5 Compute state credit on line 4 using Table B . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
5
.
6 Percent of property in Wisconsin (from line 4, Form W706) . . . . . . . . . . . . . . . . . .
6
%
7 Multiply line 5 by line 6 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
7
.
8 Line 5 of part 2, federal 706 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
8
.
9 Nontaxable insurance and pensions (enter amount from line 3a) . . . . . . . . . . . . .
9
.
10 Taxable amount (subtract line 9 from line 8) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10
.
11 Compute tentative tax on line 10 using Table A . . . . . . . . . . . . . . . . . . . . . . . . . . . . 11
.
COMPUTATION
12 a Line 7 of part 2, federal 706 . . . . . . . . . . . . . . . . . . . . . . 12a
.
OF
FEDERAL
$220,550
b Wisconsin unified credit . . . . . . . . . . . . . . . . . . . . . . . . . . 12b
.
ESTATE TAX
220,550.00
c Add lines 12a and 12b . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 12c
.
13 Subtract line 12c from line 11 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 13
220,550.00
.
14 Percent of property in Wisconsin (from line 4, Form W706) . . . . . . . . . . . . . . . . . 14
%
15 Multiply line 13 by line 14 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 15
.
16 Wisconsin Estate Tax (lesser of line 7 or 15, but not less than 0) . . . . . . . . . . . 16
.
Table B – Computation of Maximum Credit
Table A – Unified Rate Schedule
for State Death Taxes
Column A
Column B
Column C
Column D
Column 1
Column 2
Column 3
Column 4
Taxable
Taxable
Tax on
Rate of tax (Percent)
amount
amount
amount
on excess over
Adjusted
Rate of credit
over
not over
in Column A
amount in Column A
taxable estate
Adjusted
Credit
(Percent) on excess
equal to or
taxable estate
on amount
over amount
$
0
$
10,000
$
0
18
%
more than –
less than –
in Column 1
in Column 1
10,000
20,000
1,800
20
20,000
40,000
3,800
22
$
0
$
40,000
$
0
None
40,000
60,000
8,200
24
40,000
90,000
0
0.8
%
60,000
80,000
13,000
26
90,000
140,000
400
1.6
140,000
240,000
1,200
2.4
80,000
100,000
18,200
28
240,000
440,000
3,600
3.2
100,000
150,000
23,800
30
150,000
250,000
38,800
32
440,000
640,000
10,000
4.0
250,000
500,000
70,800
34
640,000
840,000
18,000
4.8
500,000
750,000
155,800
37
840,000
1,040,000
27,600
5.6
1,040,000
1,540,000
38,800
6.4
750,000
1,000,000
248,300
39
1,540,000
2,040,000
70,800
7.2
1,000,000
1,250,000
345,800
41
1,250,000
1,500,000
448,300
43
2,040,000
2,540,000
106,800
8.0
1,500,000
2,000,000
555,800
45
2,540,000
3,040,000
146,800
8.8
2,000,000
2,500,000
780,800
49
3,040,000
3,540,000
190,800
9.6
3,540,000
4,040,000
238,800
10.4
2,500,000
3,000,000
1,025,800
53
4,040,000
5,040,000
290,800
11.2
3,000,000
-------------
1,290,800
55
5,040,000
6,040,000
402,800
12.0
Apportionment Factor
6,040,000
7,040,000
522,800
12.8
Gross value of
Federal
7,040,000
8,040,000
650,800
13.6
property in Wisconsin
State
Wisconsin
8,040,000
9,040,000
786,800
14.4
Gross value of total estate
X
Death
=
Estate Tax
9,040,000
10,040,000
930,800
15.2
(line 1 of part 2, federal 706)
Tax Credit
10,040,000
---------------
1,082,800
16.0
Note: Attach Sch TC to Form W706
HT-006 (R. 12-05)
Wisconsin Department of Revenue
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