Get the free Form ET-706 New York State Estate Tax Return - For decedents who diedon or afterApri...

New York State Department of Taxation and Finance For office use only New York State Estate Tax Return ET706 (4/14) For an estate of an individual who died on or after April 1, 2014, and on or before

How to fill out form et-706 new york

How to fill out form et-706 new york:

1. Obtain a copy of form et-706 new york from the appropriate source, such as the New York State Department of Taxation and Finance website.
2. Familiarize yourself with the instructions provided with the form, as they will provide guidance on how to correctly complete each section.
3. Begin by providing personal information, such as the decedent's name, address, social security number, date of birth, and date of death.
4. Next, provide information about the estate, including the name of the estate, the relationship of the executor to the decedent, and the date of the executor's appointment.
5. Indicate whether the estate is subject to federal estate tax by checking the appropriate box and providing the federal estate tax closing letter, if applicable.
6. Complete sections related to the decedent's assets, such as real estate, bank accounts, stocks, bonds, and other investments. Include fair market values and any applicable deductions.
7. Fill out the section on gifts made by the decedent during their lifetime, including any taxable gifts that need to be reported.
8. Report any deductions or credits that may apply to the estate, such as funeral expenses, debts, and administrative expenses.
9. Calculate the total value of the estate by adding up the values reported in each section and enter it in the designated area.
10. Sign and date the form, and make sure to attach any required supporting documents, such as a copy of the will, death certificate, and federal estate tax closing letter.

Who needs form et-706 new york:

1. Executors or administrators of estates located in New York, where the total value of the estate, plus adjusted taxable gifts, exceeds the New York State estate tax exemption amount.
2. Individuals responsible for reporting federal estate tax and who need to provide supporting documentation and information to the New York State Department of Taxation and Finance.
3. Estates that have taxable assets located within New York State and have a filing requirement according to New York State tax laws.

Note: It is advisable to consult a tax professional or attorney for specific guidance on filling out form et-706 new york, as estate tax laws and requirements may vary and change over time.

For pdfFiller’s FAQs

What is form et-706 new york?

Form ET-706, also known as the New York Estate Tax Return, is a tax form used to report the estate tax liability of a deceased individual in the state of New York.

Who is required to file form et-706 new york?

The executor or administrator of the estate of a deceased individual who was a resident of New York at the time of their death is required to file Form ET-706.

How to fill out form et-706 new york?

Form ET-706 can be filled out online or on paper. The form requires information about the deceased individual's estate and assets, as well as details about any deductions or credits that may apply.

What is the purpose of form et-706 new york?

The purpose of Form ET-706 is to calculate and report the estate tax due on the assets of a deceased individual's estate in the state of New York.

What information must be reported on form et-706 new york?

Information such as the gross estate value, deductions, credits, and taxable estate value must be reported on Form ET-706.

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