Get the free 2017 Form OR-706-DISC

I certify that I represent the estate named above in a fiduciary capacity as executor trustee personal representative or other fiduciary title. The expiration of the period for the assessment of tax under ORS 305. 265. You may issue the following Notice of deficiency as provided in ORS 314. If you haven t filed Form OR-706 Oregon Estate Transfer Tax Return include a copy of the decedent s will the decedent s trust or other document you are relying on to act in a fiduciary capacity. As...

How to fill out 2017 form or-706-disc

How to fill out 2017 form or-706-disc

1. Gather all necessary financial information and documents required for the form.
2. Carefully read and understand the instructions provided with the form.
3. Start filling out the personal information section, including the decedent's name, SSN, and address.
4. Provide information about the decedent's surviving spouse, if applicable.
5. Enter the details of any prior transfers made by the decedent during their lifetime.
6. Complete the Schedule A section, reporting the decedent's gross estate.
7. Proceed with Schedule B, reporting any deductions from the gross estate.
8. Fill out Schedule C, providing information about the taxable gifts made by the decedent.
9. Calculate the tentative tax using the provided formula in Schedule D.
10. Complete Schedule E, reporting any prior gift tax credits or generation-skipping transfer taxes.
11. Go through Schedule F, answering the questions related to valuation and alternate valuation dates.
12. Provide a detailed description of the decedent's property in Schedule G.
13. If applicable, complete Schedule H regarding any transfers subject to the chapter 14 restrictions.
14. Carefully review the completed form for accuracy and ensure all required information is provided.
15. Sign and date the form, along with any required witnesses.
16. Submit the form to the appropriate tax authorities according to the provided instructions.

Who needs 2017 form or-706-disc?

1. The 2017 form OR-706-DISC is required for individuals who are filing an estate tax return for a decedent who is a U.S. citizen or resident.
2. It is also mandatory for estates with a gross estate and adjusted taxable gifts exceeding the filing threshold established by the IRS.
3. If the decedent made certain types of lifetime transfers, including transfers to domestic trusts, the form is essential for tax reporting purposes.
4. In cases where the decedent was a partner in a domestic international sales corporation (DISC), the form is required to report and compute the DISC's income tax liability.
5. It is advisable to consult with a tax professional or refer to the IRS guidelines to determine whether filing the OR-706-DISC is necessary.

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What is form or-706-disc?

Form OR-706-DISC is the Interest Charge Domestic International Sales Corporation (IC-DISC) Return.

Who is required to file form or-706-disc?

A corporation that elected to be an IC-DISC is required to file form OR-706-DISC.

How to fill out form or-706-disc?

Form OR-706-DISC must be filled out with accurate and updated information regarding the IC-DISC's activities and income.

What is the purpose of form or-706-disc?

The purpose of form OR-706-DISC is to report the IC-DISC's income and calculate the interest charge on that income.

What information must be reported on form or-706-disc?

Form OR-706-DISC requires the reporting of the IC-DISC's income, dividends, interest, and various expenses.