Form 706me-Ez - Estate Tax Information Return For Lien Discharge

INSTRUCTIONS

2011 Form 706ME-EZ, Page 2

MAINE ESTATE TAX INFORMATION RETURN FOR LIEN DISCHARGE

IF THE FEDERAL GROSS ESTATE PLUS ADJUSTED TAXABLE GIFTS IS MORE THAN $1,000,000, OR IF A FEDERAL FORM

706 IS REQUIRED, YOU CANNOT USE FORM 706ME-EZ. YOU MUST FILE MAINE FORM 706ME.

Note: 1) The value of the decedent’s gross estate is the fair market value at date of death of all property, real or personal, tangible

or intangible, wherever situated. Gross estate value is not the same as the probate estate value.

2) Adjusted taxable gifts is the total value of gifts made by the decedent after December 31, 1976 in excess of the annual

exclusion from gift tax.

The following documents must be included with Form 706ME-EZ:

•

A copy of the decedent’s will.

•

A copy of the Certiﬁ cate of Discharge of Estate Tax Lien containing a description of the property.

•

A copy of the appraisals or documentation of fair market value at the time of death. Provide a list and description of

assets.

•

A completed worksheet for Form 706ME-EZ, Line 3.

•

A copy of Federal Forms 709, federal gift tax returns.

SPECIFIC LINE INSTRUCTIONS

Step 1 Enter all required information. Failure to fully complete

status at the time of death. See Maine Rule 807 at

www.

this section will delay the processing of the return. If a

maine.gov/revenue/rules.

personal representative has not been appointed, qualiﬁ ed

Step 4

and acting in the United States, every person in actual or

Line 1 On line 1a, enter the value of gifts in excess of the

constructive possession of any property of the decedent is

applicable annual exclusion from gift tax made by

considered a personal representative and must be listed

the decedent. On line 1b, indicate if any federal gift

as a personal representative on the return that is ﬁ led for

tax returns were ﬁ led on behalf of the decedent.

the estate. A personal representative can also be known

Line 3

Enter the gross value of the estate from column B,

as an executor or any other individual legally responsible

line 12 of the worksheet below. If column B, line

for administration of the estate. If there is more than one

12 is more than $1,000,000, you cannot use Form

personal representative, ﬁ ll in the information for one and

706ME-EZ; you must ﬁ le Form 706ME.

attach a schedule listing all personal representatives.

SIGNATURE: A personal representative of the decedent is

Step 2 This section must be completed if you choose to have

required to sign this return. Failure to do so will

copies of conﬁ dential tax information sent to anyone other

result in the return being rejected, further delaying

than the personal representative.

its processing.

Step 3 Check the appropriate box for the decedent’s residency

Worksheet for Form706ME-EZ, Line 3

This worksheet must be completed or Form 706ME-EZ will not be processed

(Attach a detailed description of all assets, including the fair market value of each)

For more information, go to

and select “Maine Estate Tax Guidance Document .”

Value

Line

Column A

Column B

Gross Estate

Number

Taxable by

Federal Gross

Maine

Estate

Real Estate (Please include Real Estate Documentation of Value)

Stocks and Bonds

Mortgages, Notes and Cash

Insurance on the Decedent’s Life (attach Form(s) 712)

Jointly Owned Property

Other Miscellaneous Property

Transfers During Decedent’s Life ( include revocable trust(s))

Powers of Appointment

Annuities/Retirement Assets

Trusts or Pass-through Interest

Taxable Portion of Gifts Shown on page 1, line 1a

Total Gross Estate (add lines 1 through 12 and enter the total from column B on page 1, line 3)

Marital Deduction

If the estate contains Maine elective property, Form 706ME must be ﬁ led. For more information on Maine QTIP property and

Maine elective property, see

If enclosing a check, make check

MAINE REVENUE SERVICES

If not enclosing a check,

payable to: Treasurer, State of Maine

P.O. BOX 1064

P.O. BOX 1065

MAIL RETURN TO:

and MAIL WITH RETURN TO:

AUGUSTA, ME 04332-1064

AUGUSTA, ME 04332-1065

Rev. 10/10

Form 706me-Ez - Estate Tax Information Return For Lien Discharge - 2011 Page 2

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