IRS 706 2013 free printable template

Department of the Treasury Internal Revenue Service Information about Form 706 and its separate instructions is at www.irs.gov/form706. 40. Enter here and on Schedule R Part 2 line 9. SCHEDULE R-1 Form 706 Payment Voucher Executor File one copy with Form 706 and send two copies to the fiduciary. 8. Fiduciary Check here if this Schedule PC is being filed with the original Form 706 or is being filed by the same fiduciary who filed the original Form 706 for decedent s estate. Daytime telephone...number 7. Number of Claims. Enter number of Schedules PC being filed with Form 706. Each separate claim or expense requires a separate Schedule PC or Form 843 if not filed with Form 706. To file a protective claim for refund or notify the IRS that a refund is being claimed in a form separate from the Form 706 instead use Form 843 Claim for Refund and Request for Abatement. The executor completes the Schedule R-1 Form 706 and gives you two copies. File one copy and keep one for your records....Credit for foreign death taxes from Schedule P. Attach Form s 706-CE. Credit for tax on prior transfers from Schedule Q. Part 1 Decedent and Executor 1a Decedent s first name and middle initial and maiden name if any 3a City town or post office county state or province country and ZIP or 3b Year domicile established foreign postal code. 1b Decedent s last name 2 Decedent s social security no. 4 Date of birth 5 Date of death 6b Executor s address number and street including apartment or suite no....city town or post office state or province country and ZIP or foreign postal code and phone no. 6a Name of executor see instructions 6c Executor s social security number see instructions 6d 7a If there are multiple executors check here and attach a list showing the names addresses telephone numbers and SSNs of the additional executors. 2010-2T a 7 ii check here b c Total gross estate less exclusion from Part 5 Recapitulation item 13. Tentative total allowable deductions from Part 5...Recapitulation item 24 Tentative taxable estate subtract line 2 from line 1. State death tax deduction. 3b Adjusted taxable gifts see instructions. Add lines 3c and 4. Tentative tax on the amount on line 5 from Table A in the instructions 3c Part 2 Tax Computation OMB No* 1545-0015 Estate of a citizen or resident of the United States see instructions. To be filed for Total gift tax paid or payable see instructions 9a Gross estate tax subtract line 7 from line 6. Basic exclusion amount. 9b...Deceased spousal unused exclusion DSUE amount from predeceased spouse s if any from Section D Part 6 Portability of Deceased Spousal Unused Exclusion. Applicable exclusion amount add lines 9a and 9b. 9c 9d Taxable estate subtract line 3b from line 3a. Applicable credit amount tentative tax on the amount in 9c from Table A in the instructions. Adjustment to applicable credit amount May not exceed 6 000. See instructions. Allowable applicable credit amount subtract line 10 from line 9d. Subtract...line 11 from line 8 but do not enter less than zero.

FAQ about IRS 706

What should I do if I realize I've made a mistake on my IRS 706 submission?

If you discover an error after filing your IRS 706, you can correct it by filing an amended return. Use a newly completed version of Form 706, marking it as 'amended' to ensure proper processing. It's advisable to submit the correction soon after the error is identified to avoid potential complications.

How can I verify if my IRS 706 is received and processed?

You can check the status of your IRS 706 by calling the IRS helpline or utilizing their online tools for tracking submissions. Common e-file rejection codes can help you understand if your form was not accepted, and knowing how to address these issues promptly is crucial for compliance.

What are some common errors to avoid when filing the IRS 706?

Common errors include mathematical mistakes, incorrect Social Security numbers, and failure to provide necessary documentation. It’s essential to double-check all entries, ensure all required schedules are attached, and use a checklist to catch these frequent pitfalls.

Are electronic signatures allowed on the IRS 706?

Yes, e-signatures are accepted for IRS 706 forms under certain conditions. Ensure you meet the IRS requirements for electronic signatures, and retain proper documentation to affirm consent and authenticity for future reference.

What should I do if I receive a notice from the IRS regarding my Form 706?

If you receive a notice related to your IRS 706, it’s important to read it carefully and respond promptly. Gather the relevant documents, address the concerns mentioned in the notice, and follow the IRS guidelines for submitting a response to ensure compliance.