Get the free Form CT - 706 , Connecticut Estate Tax Return

State of Connecticut Department of Revenue Services Inheritance Tax Section PO Box 2972, Hartford, CT 06104-2972 Rev. 06/04 Form CT-706 Connecticut Estate Tax Return For estates of decedents dying

How to fill out form ct - 706

How to fill out Form CT - 706:

1. Gather all the required information and documents, including the decedent's personal information, date of death, assets, liabilities, and beneficiary information.
2. Carefully review the instructions provided with Form CT - 706 to understand the specific requirements and calculations for reporting the estate tax.
3. Complete the initial sections of Form CT - 706, such as the decedent's information, executor information, and tax year.
4. Proceed to fill out the different sections of the form, reporting the assets and liabilities of the estate, as well as any deductions or credits that apply.
5. Make sure to accurately calculate the taxable estate and the tentative tax on Form CT - 706, and proceed to complete the remaining sections of the form accordingly.
6. Review the completed form thoroughly to ensure all the information is accurate, and attach any required schedules or additional documentation.
7. Sign and date Form CT - 706, and make a copy for your records before submitting it to the appropriate tax authority.

Who needs Form CT - 706:

1. Individuals who are the executors or administrators of an estate are generally required to file Form CT - 706.
2. If the decedent's gross estate, plus adjusted taxable gifts and specific exemption, exceeds the applicable federal exemption amount, Form CT - 706 is required.
3. Form CT - 706 is primarily used for reporting and calculating estate taxes owed to the Connecticut Department of Revenue Services (DRS) for estates subject to Connecticut estate tax laws.

For pdfFiller’s FAQs

What is form ct - 706?

Form CT-706 is a tax form used to report information related to the federal estate tax. It is specifically used for estates of individuals who were residents of Connecticut at the time of their death.

Who is required to file form ct - 706?

Form CT-706 must be filed by the executor or administrator of an estate of a Connecticut resident if the estate is subject to federal estate tax or if the estate elects to transfer the unused federal exclusion amount.

How to fill out form ct - 706?

Form CT-706 requires detailed information about the decedent and their estate, including assets, liabilities, deductions, and tax computation. It is important to carefully review the instructions provided by the Connecticut Department of Revenue Services to ensure accurate and complete filing.

What is the purpose of form ct - 706?

The purpose of form CT-706 is to determine the Connecticut estate tax due on the taxable estate of a Connecticut resident. It is used to calculate the estate tax liability and reconcile any differences between federal estate tax and Connecticut estate tax.

What information must be reported on form ct - 706?

Form CT-706 requires reporting various information, such as the decedent's personal information, assets, liabilities, deductions, tax computation, and details of any transfers subject to federal gift tax. It is crucial to provide accurate and comprehensive information to ensure proper assessment of the estate tax liabilities.

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