Instructions For Form 706-Gs(T) - 2016 (Page 7 of 8) in pdf

Part III—Tax Computation

2. Interest on the exemption

determined at the interest rate used to

Line 9b

figure the estate or gift deduction for the

charitable lead annuity and for the

If you have more than six Schedules A

actual period of the charitable lead

attached to this form, enter the total

annuity.

GST tax from all Schedules A in excess

of six.

In the case of a late allocation, the

amount of interest accrued prior to the

Line 12

date of allocation is zero.

Make checks payable to the “United

Line 8

States Treasury.” Please write the trust's

EIN, the year of the transfer, and “Form

Enter, from the table below, the

706-GS(T)” on the check to ensure

applicable tax rate at the time the

posting to the proper account. Enclose,

generation-skipping transfer occurred.

but do not attach, the payment with

Table of Maximum Tax Rates

Form 706-GS(T).

No checks of $100 million or more

The

accepted. The IRS cannot accept a

If the generation-skipping

maximum

single check (including a cashier's

transfer occurred

tax rate is

check) for amounts of $100,000,000

After December 31, 2002,

49%

($100 million) or more. If you're sending

but before January 1,

$100 million or more by check, you'll

2004

. . . . . . . . . . . . . .

need to spread the payments over two

or more checks, with each check made

After December 31, 2003,

48%

out for an amount less than $100

but before January 1,

million. The $100 million or more

2005

. . . . . . . . . . . . . .

amount limit does not apply to other

methods of payment (such as electronic

After December 31, 2004,

47%

payments), so please consider paying

but before January 1,

by means other than check.

2006

. . . . . . . . . . . . . .

After December 31, 2005,

46%

but before January 1,

2007

. . . . . . . . . . . . . .

After December 31, 2006,

45%

but before January 1,

2010

. . . . . . . . . . . . . .

After December 31, 2009,

but before January 1,

2011

. . . . . . . . . . . . . .

After December 31, 2010,

35%

but before January 1,

2013

. . . . . . . . . . . . . .

After December 31,

40%

2012

. . . . . . . . . . . . . .

Paperwork Reduction Act Notice. We ask for the information on this form to carry out the Internal Revenue laws of the

United States. You are required to give us the information. We need it to ensure that you are complying with these laws and to

allow us to figure and collect the right amount of tax.

You are not required to provide the information requested on a form that is subject to the Paperwork Reduction Act unless

the form displays a valid OMB control number. Books or records relating to a form or its instructions must be retained as long

as their contents may become material in the administration of any Internal Revenue law. Generally, tax returns and return

information are confidential, as required by section 6103.

The time needed to complete and file this form will vary depending on individual circumstances. The average estimated time

is:

-7-

Instructions For Form 706-Gs(T) - 2016 Page 7

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