CT DRS CT-706 NT 2019 free printable template

Print Form Reset Form File Only With Probate Court Rev. 05/18 Save Form Form CT-706 NT Connecticut Estate Tax Return for Nontaxable Estates For estates of decedents dying during calendar year 2018 Read instructions before completing this form. Decedent s last name Address First name and middle initial Number and street City town or post office State PO box Social Security Number SSN Federal Employer ID Number FEIN if applicable ZIP code Date of death Legal residence domicile county and...

How to fill out ct 706 nt

How to fill out CT DRS CT-706 NT

1. Gather all necessary documentation including property tax statements and financial records.
2. Download the CT DRS CT-706 NT form from the Connecticut Department of Revenue Services website.
3. Fill out the 'Decedent Information' section with the name, Social Security number, and date of death of the decedent.
4. Complete the 'Personal Representative Information' section including the name and address of the executor or administrator.
5. List the assets of the decedent in the appropriate sections, ensuring to specify values accurately.
6. Complete the section outlining any debts or liabilities of the decedent.
7. Calculate the total taxable estate by subtracting liabilities from total assets.
8. Sign and date the form, ensuring all required information is complete.
9. Submit the form to the Connecticut Department of Revenue Services by the required deadline.

Who needs CT DRS CT-706 NT?

1. Individuals who have inherited property in Connecticut from a decedent.
2. Executors or administrators managing the estate of a deceased person in Connecticut.
3. Individuals determining the need for a Connecticut estate tax return.

Instructions and Help about ct 706 nt

People Also Ask about

Who must file estate tax return 706?

An estate tax return (Form 706) must be filed if the gross estate of the decedent (who is a U.S. citizen or resident), increased by the decedent's adjusted taxable gifts and specific gift tax exemption, is valued at more than the filing threshold for the year of the decedent's death, as shown in the table below.

What triggers an estate tax return?

If the estate generates more than $600 in annual gross income, you are required to file Form 1041, U.S. Income Tax Return for Estates and Trusts. An estate may also need to pay quarterly estimated taxes. See Form 1041 instructions for information on when to file quarterly estimated taxes.

Who must file CT 706?

The executor or administrator of the decedent's estate must sign and file Form CT‑706 NT. If there is no executor or administrator, then each person in actual or constructive possession of any property of the decedent must file Form CT‑706 NT. If there is more than one fiduciary, all must sign the return.

What is the estate tax exemption for 2023 in CT?

Connecticut Estate & Gift Tax Exemption Starting in 2023, the Connecticut estate and gift tax exemption will match the federal exemption (unless Connecticut changes its law). The Connecticut exemption for 2023 is $12,920,000 per individual (up from $9,100,000 in 2022).

Who needs to file Form 706?

An estate tax return (Form 706) must be filed if the gross estate of the decedent (who is a U.S. citizen or resident), increased by the decedent's adjusted taxable gifts and specific gift tax exemption, is valued at more than the filing threshold for the year of the decedent's death, as shown in the table below.

What is the Connecticut estate tax exemption amount?

Estate and Gift Tax Information. For estates of decedents dying during 2022, the Connecticut estate tax exemption amount is $9.1 million. Therefore, Connecticut estate tax is due from a decedent's estate if the Connecticut taxable estate is more than $9.1 million.

What is CT 706 NT?

Form CT-706 NT, Connecticut Estate Tax Return (for Nontaxable Estates), is required to be filed by the executor or administrator of a decedent's estate where the amount of the decedent's Connecticut taxable estate is less than or equal to the Connecticut estate tax exemption amount.

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What is CT DRS CT-706 NT?

CT DRS CT-706 NT is a form used in Connecticut for reporting a decedent's estate for those who qualify for the non-taxable status in estate tax matters.

Who is required to file CT DRS CT-706 NT?

The executor or administrator of an estate must file CT DRS CT-706 NT if the decedent's estate falls below the taxable threshold set by Connecticut estate tax laws.

How to fill out CT DRS CT-706 NT?

To fill out CT DRS CT-706 NT, gather all necessary documentation related to the estate and follow the instructions provided on the form, ensuring all requested information is accurately reported.

What is the purpose of CT DRS CT-706 NT?

The purpose of CT DRS CT-706 NT is to formally report the details of a deceased person's estate to the Connecticut Department of Revenue Services in cases where there is no estate tax due.

What information must be reported on CT DRS CT-706 NT?

Information required on CT DRS CT-706 NT includes the decedent's personal information, details of the estate assets, liabilities, and any deductions claimed, along with the values associated with each category.