Form M-706 - Massachusetts Estate Tax Return Page 2
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2Part 1. Tentative Massachusetts Estate Tax
1 Total gross estate. Enter the amount from the July 1999 revision of U.S. Form 706, page 1, line 1. . . . . . . . . . . . . . . . . . 3 1
2 Credit for state death taxes. Enter the amount from the July 1999 revision of U.S. Form 706, page 1, line 15. If this return is for the estate of a
Massachusetts resident decedent who did not own real estate and/or tangible personal property in another state, omit Parts 2 and 3 and enter
this amount in Part 4, line 1. If this return is for the estate of a Massachusetts resident decedent who owned real estate and/or tangible personal
property in other states, complete Parts 2 and 4 and omit Part 3. If this return is for the estate of a nonresident
decedent with Massachusetts property, omit Part 2 and complete Parts 3 and 4 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3 2
Part 2. Computation of Tax for Estate of Massachusetts Resident Decedent
with Property in Another State
1 Total gross estate, wherever situated. Enter the amount from Part 1, line 1 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3 1
2 Credit for state death taxes. Enter the amount from Part 1, line 2 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3 2
3 Estate or inheritance taxes actually paid to other states . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3 3
4 Gross value of real estate and tangible personal property in other states. Attach schedule . . . . . . . . . . . . . . . . . . . . . . . . . 3 4
5 Percentage of estate in other states. Divide line 4 by line 1. Note: Complete computation to six decimal places. . . . . . . . 3 5
.
6 Prorated credit. Multiply line 2 by line 5 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 6
7 Deduction allowable for taxes paid to other states. Enter the smaller of line 3 or line 6 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 7
8 Massachusetts estate tax. Subtract line 7 from line 2. Enter result here and in Part 4, line 1 . . . . . . . . . . . . . . . . . . . . . . . . 3 8
Part 3. Computation of Tax for Estate of Nonresident Decedent with
Massachusetts Property
1 Total gross estate, wherever situated. Enter the amount from Part 1, line 1 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3 1
2 Credit for state death taxes. Enter the amount from Part 1, line 2 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3 2
3 Gross value of real estate and tangible personal property in Massachusetts. Enter the total
reported on Form M-NRA, line 26. Do not deduct the value of any mortgage or lien . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3 3
4 Percentage of estate in Massachusetts. Divide line 3 by line 1. Note: Complete computation to six decimal places . . . . . 3 4
.
5 Massachusetts nonresident estate tax. Multiply line 2 by line 4. Enter result here and in Part 4, line 1 . . . . . . . . . . . . . . . . 3 5
Part 4. Massachusetts Estate Tax Due
1 Massachusetts estate tax. Enter the amount from Part 1, line 2, Part 2, line 8 or Part 3, line 5, whichever applies. . . . . . . 3 1
2 Late file and/or late pay penalties . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3 2
3 Interest . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3 3
4 Total amount due. Add lines 1 through 3 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4
5 Payments made with extension. Attach a copy of Form M-4768 and/or Form M-4768A. . . . . . . . . . . . . . . . . . . . . . . . . . . . 3 5
6 Other amounts previously paid. Attach copies of any prior filings with payment dates and amounts . . . . . . . . . . . . . . . . . . 3 6
7 Total payments. Add lines 5 and 6 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 7
8 Overpayment. If line 4 is smaller than line 7, subtract line 4 from line 7. This is the amount of your refund. If line 4 is
larger than line 7, omit line 8 and complete line 9. If lines 4 and 7 are equal, enter “0” in line 8 and omit line 9 . . . . . . . . . 3 8
9 Balance due. If line 4 is larger than line 7, subtract line 7 from line 4. This is the amount of the payment due at time
of filing . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3 9
Make check payable to Commonwealth of Massachusetts. Mail to: Massachusetts Department of Revenue, Bureau of Desk Audit, Estate Tax
Unit, PO Box 7023, Boston, MA 02204. Deliver to: Massachusetts Department of Revenue, Bureau of Desk Audit, Estate Tax Unit, 200 Arlington
St., Rm. 4300, Chelsea, MA 02150.
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