Get the free ct drs ct 706 form

Make check or money order payable to Commissioner of Revenue Services. Write 2005 Form CT-706/709 EXT on the check or money order in the lower left corner. Department of Revenue Services PO Box 2978 Hartford CT 06104-2978 Rev. 9/06 Form CT-706/709 EXT Application for Estate and Gift Tax Return Filing Extension and for Estate Tax Payment Extension CT-706/709 EXT Calendar Year Complete in blue or black ink only. How to Request an Extension to File ...

How to fill out ct drs ct 706

How to fill out ct drs ct 706?

Gather all necessary information and documents:

1. Obtain a copy of the CT DRS CT 706 form from the Connecticut Department of Revenue Services (DRS) website.
2. Collect the decedent's personal information, such as their full legal name, address, social security number, and date of death.
3. Gather details about the decedent's assets, including real estate, bank accounts, investments, and any other significant properties or holdings.
4. Obtain any relevant documentation, such as death certificates, appraisals, and supporting financial records.

Complete the first section:

1. Provide the decedent's personal information, including their full legal name, address, social security number, and date of death.
2. Indicate whether the decedent was a resident of Connecticut at the time of death.
3. Fill in any additional requested details, such as the appointment of an executor or personal representative.

Proceed to the next sections:

1. Complete each section of the form, following the instructions provided.
2. Enter the details of the decedent's assets, including real estate, bank accounts, investments, and any other relevant holdings.
3. Provide valuations and appraisals for the mentioned assets as requested.

Report any deductions and exemptions:

1. Identify and report any deductions or exemptions that may apply, such as mortgages, funeral expenses, or charitable contributions.
2. Fill in the appropriate sections regarding marital or spousal deductions, if applicable.

Calculate the taxable estate and Connecticut estate tax:

1. Follow the provided instructions to calculate the taxable estate by considering any applicable deductions and exemptions.
2. Use the CT DRS Estate Tax Calculator, available on the DRS website, for assistance with the calculation.
3. Determine the Connecticut estate tax owed based on the taxable estate amount and the current tax rates.

Complete the payment and filing sections:

1. Provide the requested information for the payment of the Connecticut estate tax.
2. Sign and date the form.
3. Make a copy for your records and submit the completed form to the Connecticut Department of Revenue Services.

Who needs ct drs ct 706?

The CT DRS CT 706 form is required to be filled out by individuals who are responsible for administering the estate of a deceased person who was a resident of Connecticut at the time of their death. This form is used to calculate and report the taxable estate and determine the amount of Connecticut estate tax owed. Executors, personal representatives, or estate administrators typically need to complete this form as part of the estate settlement process.

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What is ct drs ct 706?

CT DRS CT 706 is a form used in the state of Connecticut for filing a Connecticut Estate and Gift tax return.

Who is required to file ct drs ct 706?

The executor or administrator of a decedent's estate is required to file ct drs ct 706 if the estate is subject to Connecticut Estate and Gift tax.

How to fill out ct drs ct 706?

To fill out ct drs ct 706, you need to provide information about the decedent, their estate, and any gifts made during their lifetime. This includes details about assets, debts, beneficiaries, and transfers of property.

What is the purpose of ct drs ct 706?

The purpose of ct drs ct 706 is to report and calculate the Connecticut Estate and Gift tax liability for a decedent's estate.

What information must be reported on ct drs ct 706?

On ct drs ct 706, you must report information about the decedent's assets, debts, gifts, transfers of property, and any other relevant financial information.