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Instructions for Form 706ADepartment of the Treasury Internal Revenue Service(Rev. August 2019)United States Additional Estate Tax Return (For use with Form 706A (Rev. August 2019))To report dispositions

How to fill out instructions for form 706-a

How to fill out instructions for form 706-a

1. Start by gathering all the necessary documents required to fill out Form 706-A, such as the decedent's personal information, estate tax return information, and details of any previous taxable gifts.
2. Begin filling out the form by providing the decedent's name, social security number, and date of death.
3. Enter the estate's identification number, if applicable.
4. Proceed by reporting the gross estate value, including real estate, securities, cash, and other assets owned by the decedent at the time of their death.
5. Deduct any allowable expenses and liabilities from the gross estate, such as funeral expenses, mortgages, and debts.
6. Calculate the adjusted gross estate by subtracting the allowable deductions from the gross estate value.
7. Determine the tentative tax on the adjusted gross estate by referring to the estate tax rate schedule provided with the form.
8. Report any prior transfers made by the decedent in the 'Schedule A' section.
9. Complete 'Schedule B' to provide information about specific gifts made by the decedent and any deductions associated with those gifts.
10. Consolidate the taxable estate by combining the adjusted gross estate with the cumulative taxable gifts.
11. Determine the applicable credit amount and apply it against the tentative tax on the taxable estate.
12. Calculate the total estate tax due by subtracting the applicable credit from the tentative tax.
13. Fill out the payment section to indicate how the estate tax will be paid. Choose the appropriate payment method, such as cash, check, or electronic funds transfer.
14. Sign and date the form to certify its accuracy and completeness.
15. Attach any additional forms or schedules required as per the instructions provided with Form 706-A.
16. Review the completed form carefully to ensure accuracy before submitting it to the appropriate tax authority.

Who needs instructions for form 706-a?

1. Anyone who is responsible for filing the estate tax return Form 706-A for a decedent's estate needs instructions for form 706-A. This might include executors, administrators, or individuals handling the final affairs of the deceased person's estate.

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