Form A-101 - Estate Tax Return Page 3
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Decedent’s Social Security Number
Decedent’s Last Name
A-101
Web
10-13
-
I authorize each person shown on page 1 to receive and inspect confidential tax information regarding the estate of this decedent. I certify that, to the best of
Signature
my knowledge, this return is accurate and complete. If prepared by a person other than the personal representative, this certification is based on all information of which the
preparer has any knowledge.
Representative’s Signature
Date
Preparer’s Signature
Date
Print Name of Preparer
Preparer’s Telephone
Use the State Death Tax Credit Table below to determine the amount to enter on Page 2, Line 14.
State Death Tax Credit Table
(1)
(2)
(3)
(4)
(1)
(2)
(3)
(4)
Tax on
Tax on
Adjusted Taxable Estate
Rate of tax on
Rate of tax on
Adjusted Taxable Estate
amount in
excess over amount
amount in
excess over amount
Equal to or
Equal to or
column (1)
column (1)
more than
less than
in column (1)
in column (1)
more than
less than
0
$40,000
0
None
2,040,000
2,540,000
106,800
8.0%
$40,000
90,000
0
0.8%
2,540,000
3,040,000
146,800
8.8%
90,000
140,000
$400
1.6%
3,040,000
3,540,000
190,800
9.6%
140,000
240,000
1,200
2.4%
3,540,000
4,040,000
238,800
10.4%
240,000
440,000
3,600
3.2%
4,040,000
5,040,000
290,800
11.2%
440,000
640,000
10,000
4.0%
5,040,000
6,040,000
402,800
12.0%
640,000
840,000
18,000
4.8%
6,040,000
7,040,000
522,800
12.8%
840,000
1,040,000
27,600
5.6%
7,040,000
8,040,000
650,800
13.6%
1,040,000
1,540,000
38,800
6.4%
8,040,000
9,040,000
786,800
14.4%
70,800
1,540,000
2,040,000
7.2%
9,040,000
10,040,000
930,800
15.2%
10,040,000
-----------
1,082,800
16.0%
General Instructions for North Carolina Estate Tax Return
North Carolina Department of Revenue
North Carolina Estate Tax
Background: For decedents dying on or after January 1, 2005, and before January 1, 2010, North Carolina estate tax
is due on the estate when a federal estate tax would be payable if the federal estate tax was determined without regard to
the deduction for state death taxes. The North Carolina estate tax is equal to the state death tax credit that was allowable
under section 2011 of the Internal Revenue Code as it existed prior to 2002. The tax is calculated using the State Death
Tax Credit Table shown above. The amount of the North Carolina estate tax is limited to the federal estate tax that would
be payable if the federal estate tax was computed without regard to the deduction for state death taxes.
Current Law: The North Carolina estate tax is reinstated effective for those decedents dying on or after January 1,
2011, if a federal estate tax return is required. The 2010 Tax Relief Act, which became law December 17, 2010, reinstates
the federal estate tax retroactively to January 1, 2010. For decedents dying in 2011, the federal law gives estates the
option to elect to apply the estate tax based on a maximum estate tax rate of 35 percent and an exclusion of $5,000,000
(the portability provision provides an exclusion amount of $10,000,000 for married couples) with a stepped-up basis, or pay
no estate tax and receive a modified carryover basis in the property passing through the estate. The applicable exclusion
amount for estates of decedents dying in 2012 is $5,120,000.
Although there is no North Carolina estate tax return filed for those who died during 2010, North Carolina law conforms
to the exclusion amounts and the stepped-up basis for estates that chose to pay federal estate tax.
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