Fillable Form 706

What is Form 706?

Form 706, United States Estate (and Generation-Skipping Transfer) Tax Return, is used by U.S. taxpayers to calculate the estate tax imposed by the Internal Revenue Code. This tax is levied on the entire taxable estate and not just on the share received by a particular beneficiary. Furthermore, IRS Form 706 is also used to calculate the generation-skipping transfer (GST) tax on direct skips, specifically transfers to skip persons of interests in property included in the decedent's gross estate.

How to fill out Form 706?

Taxpayers can download and print a PDF copy of IRS Form 706 from the Internal Revenue Service (IRS) website that they can manually complete. They can also fill out IRS Form 706 electronically on PDFRun.

To fill out the 706 Form, you must provide the following information:

Part 1. Decedent an Executor

Line 1a. Decedent’s first name and middle initial

Enter the legal first name and middle initial of the decedent.

Line 1b. Decedent’s last name

Enter the legal last name of the decedent.

Line 2. Decedent’s social security number (SSN)

Enter the social security number (SSN) of the decedent.

Line 3. Address

Enter the address of the decedent.

City, Town, or Post Office

Enter the city, town, or post office of the decedent.

County

Enter the county of the decedent.

State or Province

Enter the state or province of the decedent.

Country

Enter the country of the decedent.

ZIP Code or Foreign Postal Code

Enter the ZIP code or foreign postal code of the decedent.

Line 3b. Year domicile established

Enter the year when the decedent’s domicile was established.

Line 4. Date of birth

Enter the date of birth of the decedent.

Line 5. Date of death

Enter the date of death of the decedent.

Line 6a. Name of executor

Enter your full legal name.

Line 6b. Executor’s address

Enter your address.

Number

Enter your number.

Street

Enter your street.

Apartment or Suite Number

Enter your apartment or suite number.

City, Town, or Post Office

Enter your city, town, or post office.

County

Enter your county.

State or Province

Enter your state or province.

Country

Enter your country.

ZIP Code or Foreign Postal Code

Enter your ZIP code or foreign postal code.

Phone Number

Enter your telephone number.

Line 6c. Executor’s social security number (SSN)

Enter your social security number (SSN).

Line 6d. Multiple Executors

Mark the box if there are multiple executors filing the IRS Form 706. Then, attach a list showing their full legal names, addresses, telephone numbers, and SSNs.

Line 7a. Name and location of court

Enter the name and location of the court where the will was probated or where the estate was administered.

Line 7b. Case number

Enter the case number of the decedent.

Line 8

Mark the box if the decedent died testate and attach a certified copy of his or her will.

Line 9

Mark the box if you have extended the time to file the 706 Form.

Line 10

Mark the box if you have attached Schedule R-1, Generation-Skipping Transfer Tax, along with this form.

Line 11

Mark the box if you are estimating the value of assets included in the gross estate.

Part 2. Tax Computation

Line 1

Enter the total gross estate and subtract any exclusion.

Line 2

Enter the total amount of tentative total allowable deductions.

Line 3a

Enter the total amount of tentative taxable estate.

Line 3b

Enter the total amount of state death tax deduction.

Line 3c

Enter the total amount of taxable estate.

Line 4

Enter the total amount of adjusted taxable gifts.

Line 5

Add the amounts in lines 3c and 4 and enter the total amount.

Line 6

Enter the total amount of tentative tax.

Line 7

Enter the total amount of gift tax paid.

Line 8

Enter the total amount of gross estate tax.

Line 9a

Enter the total amount of basic exclusion.

Line 9b

Enter the total amount of deceased spousal unused exclusion.

Line 9c

Enter the total amount of restored exclusion.

Line 9d

Enter the total amount of applicable exclusion.

Line 9e

Enter the total amount of applicable credit.

Line 10

Enter the total amount of adjustments to applicable credit.

Line 11

Enter the total amount of allowable applicable credit.

Line 12

Subtract the amount in line 11 from the amount in line 8 and enter the total amount.

Line 13

Enter the total amount of credit for foreign death taxes.

Line 14

Enter the total amount of credit for tax on prior transfers.

Line 15

Enter the total amount of credits.

Line 16

Enter the total amount of net estate tax.

Line 17

Enter the total amount of payable generation-skipping transfer (GST) taxes.

Line 18

Enter the total amount of transfer taxes.

Line 19

Enter the total amount of prior payments.

Line 20

Enter the total balance due or overpayment.

Sign Here

Signature of Executor

Affix the signature of the executor.

Date

Enter the date of signing.

Paid Preparer Use Only

Preparer’s Name

Enter the full legal name of the preparer.

Preparer’s Signature

Have the preparer affix his or her signature.

Date

Enter the current date of signing.

Self-Employed

Mark the box if the preparer is self-employed; otherwise, leave it blank.

Preparer Tax Identification Number (PTIN)

Enter the preparer tax identification number (PTIN) of the preparer.

Firm’s Name

Enter the name of the preparer’s firm.

Firm’s Address

Enter the residential address of the firm.

Firm’s Employer Identification Number (EIN)

Enter the employer identification number (EIN) of the firm.

Phone Number

Enter the phone number of the firm.

Estate of

Enter the name of the estate.

Decedent’s Social Security Number (SSN)

Enter the social security number (SSN) of the decedent.

Part 3. Elections by the Executor

Line 1

Mark YES if you have elected alternate valuation; otherwise, mark NO.

Line 2

Mark YES if you have elected special-use valuation; otherwise, mark NO. If you have marked YES, you must complete and attach Schedule A-1.

Line 3

Mark YES if you have elected to pay the taxes in installments; otherwise, mark NO. If you have marked YES, you must attach additional information.

Line 4

Mark YES if you have elected to postpone the part of the taxes due to a reversionary or remainder interest; otherwise, mark NO.

Part 4. General Information

Name of representative

Enter your full legal name.

State

Enter your state.

Address

Enter your address.

Number

Enter your number.

Street

Enter your street.

Apartment or Suite Number

Enter your apartment or suite number.

City, Town, or Post Office

Enter your city, town, or post office.

County

Enter your county.

State

Enter your state.

Country

Enter your country.

ZIP Code or Foreign Postal Code

Enter your ZIP code or foreign postal code.

Declaration

Mark the appropriate box which corresponds to the occupation of the representative. You may select:

• Attorney
• Certified public accountant
• Enrolled agent

Signature

Affix your signature.

Centralized Authorization File (CAF) Number

Enter your centralized authorization file (CAF) number.

Date

Enter the current date of signing.

Telephone Number

Enter your telephone number.

Line 1. Death certificate number and issuing authority

Enter the death certificate number and issuing authority of the decedent.

Line 2. Decedent’s business or occupation

Enter the business or occupation of the decedent. Mark the box if the decedent has retired before his or her death.

Line 3a. Marital status of the decedent at time of death

Mark the appropriate box which corresponds to the marital status of the decedent at the time of death. You may select:

• Married
• widow/widower
• Single
• Legally separated
• Divorced

Line 3b

Former spouse’s name

Enter the full legal name of the decedent’s spouse.

Former spouse’s social security number (SSN)

Enter the social security number (SSN) of the spouse.

Date the marriage ended

Enter the date when the marriage ended.

Reason for ended marriage

Enter the appropriate reason why the marriage has ended. You may select:

• Annulment
• Divorce
• Death

Line 4a. Surviving spouse’s name

Enter the full legal name of the surviving spouse.

Line 4b. Social security number (SSN)

Enter the social security number (SSN) of the surviving spouse.

Line 4c. Amount received

Enter the amount received by the surviving spouse.

Line 5

The instructions stated below will apply to all of the parts in this section.

Name of individual, trust, or estate

Enter the full legal names of the individuals, trusts, or estates that will be receiving $5,000.00 or more.

Identifying number

Enter the identifying number of the individuals, trusts, or estates.

Relationship to decedent

Enter the relationship of the individuals, trusts, or estates to the decedent.

Amount

Enter the amount that will be received.

Total

Enter the total amount that will be received.

Line 6

Mark YES if the estate is filing for a protective claim for refund; otherwise, mark NO. If you have marked YES, attach two copies of Schedule PC, Protective Claim for Refund, for each claim.

Line 7

Mark YES if the gross estate contains any qualified terminable interest property from a prior gift or estate; otherwise, mark NO.

Line 8a

Mark YES if any federal gift tax returns have been filed; otherwise, mark NO.

Line 8b

Enter the periods covered.

Line 8c

Enter the IRS offices where the tax returns have been filed.

Line 9a

Mark YES if there was any insurance on the decedent’s life that is not included on the return as part of the gross estate; otherwise, mark NO.

Line 9b

Mark YES if the decedent owns any insurance on the life of another that is not included in the gross estate; otherwise, mark NO.

Line 10

Mark YES if the decedent owned any property as a joint tenant with right of survivorship; otherwise, mark NO. If you have marked YES, complete and attach schedule E, Jointly Owned Property.

Line 11a

Mark YES if the decedent owned any interest in a partnership, an unincorporated business, or a limited liability company, or owned any stock in an inactive or closely held corporation; otherwise, mark NO.

Line 11b

If you have marked YES, mark YES if the value of any interest owned was discounted on this estate tax return; otherwise, mark NO.

Line 12

Mark YES if the decedent made any transfers; otherwise, mark NO. If you have marked YES, complete and attach Schedule G, Transfers During Decedent's Life.

Line 13a

Mark YES if there were any trust created by the decedent during his or her lifetime; otherwise, mark NO.

Line 13b

Mark YES if there were any trusts not created by the decedent under which he or she possessed any power, beneficial interest, or trusteeship; otherwise, mark NO.

Line 13c

Mark YES if the decedent was receiving income created after October 22, 1986, by a parent or grandparent; otherwise, mark NO.

Line 13d

Mark YES if there was a GST taxable termination; otherwise, mark NO.

Line 13e

Mark YES if the decedent has transferred or sold an interest in a partnership, limited liability company, or closely held corporation to a trust; otherwise, mark NO.

Line 14

Mark YES if the decedent ever possessed, exercised, or released any general power of appointment; otherwise, mark NO. If you have marked YES, complete and attach Schedule H, Powers of Appointment.

Line 15

Mark YES if the decedent had an interest in or authority over a financial account in a foreign country; otherwise, mark NO.

Line 16

Mark YES if the decedent received an annuity or a private annuity immediately before death; otherwise, mark NO. If you have marked YES, complete and attach schedule I, Annuities.

Line 17

Mark YES if the decedent was a beneficiary of a trust for which a deduction was claimed by the estate of a predeceased spouse and was not reported on this return; otherwise, mark NO. If you have marked YES, attach an explanation.

Part 5. Recapitulation

Enter the alternate values and values at the date of death for the following items:

1. Schedule A - Real Estate
2. Schedule B - Stocks and Bonds
3. Schedule C - Mortgages, Notes, and Cash
4. Schedule D - Insurance on the Decedent’s Life
5. Schedule E - Jointly Owned Property
6. Schedule F - Other Miscellaneous Property
7. Schedule G - Transfers During Decedent’s Life
8. Schedule H - Powers of Appointment
9. Schedule I - Annuities
10. Estimated value of assets subject to the special rule of Reg. Section 20.2010
11. Total gross estate
12. Schedule U - Qualified Conservation Easement Exclusion
13. Total gross estate less exclusion

Enter the total amounts of the following items:

1. Schedule J - Funeral Expenses and Expenses Incurred in Administering Property Subject to Claims
2. Schedule K - Debts of the Decedent
3. Schedule K - Mortgages and Liens
4. Total of items 14 through 16
5. Allowable amount of deductions from item 17
6. Schedule L - Net Losses During Administration
7. Schedule L - Expenses Incurred in Administering Property Not Subject to Claims
8. Schedule M - Bequests, etc., to Surviving Spouse
9. Schedule O - Charitable, Public, and Similar Gifts and Bequests
10. Estimated value of deductible assets subject to the special rule of Reg. Section 20.2010
11. Tentative total allowable deductions

Part 6. Portability of Deceased Spousal Unused Exclusion (DSUE)

Section A. Opting Out of Portability

Mark the box if the estate of the decedent with a surviving spouse opts not to elect portability of the DSUE amount.

Section B. Qualified Domestic Trust (QDOT)

Mark YES if there are any assets of the estate being transferred to a QDOT; otherwise, mark NO.

Section C. DSUE Amount Portable to the Surviving Spouse

Line 1

Enter the amount from line 9d, Part 2 - Tax Computation.

Line 2

This line is reserved and must be left blank.

Line 3

Enter the value of the cumulative lifetime gifts on which tax was paid or payable.

Line 4

Add the amounts in line 1 and line 3 and enter the total amount.

Line 5

Enter the amount from line 10, Part 2 - Tax Computation.

Line 6

Divide the amount in line 5 by 40% or 0.40 and enter the total amount.

Line 7

Subtract the amount in line 6 from the amount in line 4 and enter the total amount.

Line 8

Enter the amount from line 5, Part 2 - Tax Computation.

Line 9

Subtract the amount in line 8 from the amount in line 7 and enter the total amount.

Line 10

Enter the DSUE amount portable to the surviving spouse.

Section D. DSUE Amount Received From Predeceased Spouses

Part 1 - DSUE received from the decedent’s last deceased spouse

Enter the following information:

1. Name of deceased spouse
2. Date of death
3. Portability election made - Mark YES if the portability election was made; otherwise, mark NO.
4. DSUE amount received from spouse
5. DSUE amount applied by decedent to lifetime gifts
6. Year of Form 709, Reporting Use of DSUE Amount Listed in column E
7. Remaining DSUE amount

Part 2 - DSUE received from other predeceased spouses and used by decedent

1. Name of deceased spouse
2. Date of death
3. Portability election made - Mark YES if the portability election was made; otherwise, mark NO.
4. DSUE amount received from spouse
5. DSUE amount applied by decedent to lifetime gifts
6. Year of Form 709, Reporting Use of DSUE Amount Listed in column E

DSUE Total

Enter the total amount of DSUE from the predeceased spouses.

Total amount

Add the amounts from Part 1, column D, and the total from Part 2, column E and enter the total amount.

Estate of

Enter the name of the estate.

Decedent’s Social Security Number (SSN)

Enter the social security number (SSN) of the decedent.

Schedule A - Real Estate

The instructions stated below will apply to all parts of this section.

Item number

Enter the item number assigned to the property.

Description

Enter the description of the property.

Alternate valuation date

Enter the alternate valuation date of the property.

Alternate value

Enter the alternate value of the property.

Value at date of death

Enter the value of the property at the date of the decedent’s death.

Total

Enter the total alternate value and value at the date of death.

Estate of

Enter the name of the estate.

Decedent’s Social Security Number (SSN)

Enter the social security number (SSN) of the decedent.

Schedule A-1 - Section 2032A Valuation

Part 1. Type of Election

Mark the appropriate box which corresponds to your type of election. You may select:

• Protective election
• Regular election

Part 2. Notice of election

Item 1

Mark the appropriate box which corresponds to the type of qualified use for election. You may select:

• Farm used for farming
• Trade or business other than farming

Item 2

The instructions stated below will apply to all of the rows in this section. Enter the following information:

1. Schedule and item number from Form 706
2. Full value
3. Adjusted value
4. Value based on qualified use

Total

Enter the total value.

Item 3

The instructions stated below will apply to all of the rows in this section. Enter the following information:

1. Schedule and item number from Form 706
2. Full value
3. Adjusted value
4. Value based on qualified use

Item 4

1. Schedule and item number from Form 706
2. Adjusted value

Subtotal

Enter the subtotal.

Total

Enter the total adjusted value.

Item 5

Enter the value of the total gross estate.

Item 6

Attach a description of the method used to determine the special value based on qualified use.

Item 7

Mark YES if the decedent owns all property listen in line 2 for at least 5 of the 8 years immediately preceding the date of his or her death; otherwise, mark NO.

Item 8a

Mark YES if there were periods during the 8-year period wherein the decedent or a member of his family did not own the property listed in line 2; otherwise, mark NO.

Item 8b

Mark YES if there were periods during the 8-year period wherein the decedent or a member of his family did not use the property listed in line 2 in a qualified use; otherwise, mark NO.

Item 8c

Mark YES if there were periods during the 8-year period wherein the decedent or a member of his family did not materially participate in the operation of the farm or other business; otherwise, mark NO. If you have marked YES, attach a statement listing the periods.

Item 9

Attach affidavits describing the activities constituting material participation and the identity and relationship to the decedent of the material participants.

Item 10

The instructions stated below will apply to all rows of this section. Enter the following information about the persons holding interests:

• Name
• Address
• Identifying number
• Relationship to decedent
• Fair market value
• Special-use value

Item 11

Mark the box if you wish to make a Woodlands election. Then, enter the schedule and item numbers of the property for which you are making this election.

Part 3. Agreement to Special Valuation Under Section 2032A

Qualified Heirs

Enter the full legal names of all the qualified heirs.

Persons with Interest

Enter the full legal names of all the people having an interest in the property

Executor Name

Enter your full legal name.

Estate

Enter the name of the estate.

Other Acts

Enter other acts not listed in the agreement.

Name of Agent

Enter the full legal name of the agent.

Signature

Have the agent affix his or her signature.

Address

Enter the address of the agent.

Location

Enter the location of signing.

Date

Enter the date of signing.

The instructions stated below will apply to all parts of this section.

Signature of Qualified Heir

Have the qualified heir affix his or her signature.

Signature of Other Interested Parties

Have the interested parties affix their signatures.

Estate of

Enter the name of the estate.

Decedent’s Social Security Number (SSN)

Enter the social security number (SSN) of the decedent.

Schedule B - Stocks and Bonds

The instructions stated below will apply to all parts of this section.

Item number

Enter the item number assigned to the bond.

Description

Enter the description of the bond.

CUSIP or EIN

Enter the Committee on Uniform Securities Identification Procedures (CUSIP) number or Employer Identification Number (EIN) of the bond.

Unit value

Enter the unit value of the bond.

Alternate valuation date

Enter the alternate valuation date of the bond.

Alternate value

Enter the alternate value of the bond.

Value at date of death

Enter the value of the bond at the date of the decedent’s death.

Total

Enter the total alternate value and value at the date of death.

Estate of

Enter the name of the estate.

Decedent’s Social Security Number (SSN)

Enter the social security number (SSN) of the decedent.

Schedule C - Mortgages, Notes, and Cash

The instructions stated below will apply to all parts of this section.

Item number

Enter the item number assigned to the mortgage, note, or cash.

Description

Enter the description of the mortgage, note, or cash.

Alternate valuation date

Enter the alternate valuation date of the mortgage, note, or cash.

Alternate value

Enter the alternate value of the mortgage, note, or cash.

Value at date of death

Enter the value of the mortgage, note, or cash at the date of the decedent’s death.

Total

Enter the total alternate value and value at the date of death.

Estate of

Enter the name of the estate.

Decedent’s Social Security Number (SSN)

Enter the social security number (SSN) of the decedent.

Schedule D - Insurance on the Decedent’s Life

The instructions stated below will apply to all parts of this section.

Item number

Enter the item number assigned to the insurance.

Description

Enter the description of the insurance.

Alternate valuation date

Enter the alternate valuation date of the insurance.

Alternate value

Enter the alternate value of the insurance.

Value at date of death

Enter the value of the insurance at the date of the decedent’s death.

Total

Enter the total alternate value and value at the date of death.

Estate of

Enter the name of the estate.

Decedent’s Social Security Number (SSN)

Enter the social security number (SSN) of the decedent.

Schedule E - Jointly Owned Property

The instructions stated below will apply to all parts of this section.

Part 1. Qualified Joint Interests

Line 1

Item number

Enter the item number assigned to the property.

Description

Enter the description of the property.

CUSIP or EIN

Enter the Committee on Uniform Securities Identification Procedures (CUSIP) number or Employer Identification Number (EIN) of the property.

Alternate valuation date

Enter the alternate valuation date of the property.

Alternate value

Enter the alternate value of the property.

Value at date of death

Enter the value of the property at the date of the decedent’s death.

Total

Enter the total from the continuation of other schedules.

Line 1a

Enter the total alternate value and value at the date of death.

Line 1b

Enter the amounts included in the gross estate.

Part 2. All Other Joint Interests

Line 2a

Enter information about each surviving co-tenant on lines A, B, and C.

• Name
• Address
  • Number and street
  • City
  • State
  • ZIP Code

Item number

Enter the item number assigned to the property.

Letter for co-tenant

Enter the letter for the co-tenant.

Description

Enter the description of the property.

CUSIP or EIN

Enter the Committee on Uniform Securities Identification Procedures (CUSIP) number or Employer Identification Number (EIN) of the property.

Percentage includible

Enter the includible percentage of the property.

Includible alternate value

Enter the includible alternate value of the property.

Includible value at date of death

Enter the includible value of the property at the date of the decedent’s death.

Total

Enter the total from the continuation of other schedules.

Line 2b

Enter the total of the other joint interests.

Line 3

Enter the total amount of includible joint interests.

Estate of

Enter the name of the estate.

Decedent’s Social Security Number (SSN)

Enter the social security number (SSN) of the decedent.

Schedule F - Other Miscellaneous Property Not Reportable Under Any Other Schedule

Item 1

Mark YES if the decedent owned any works of art, items, or collections whose artistic or collectible value at the date of death exceeds $3,000.00; otherwise, mark NO. If you have marked YES, submit full details and attach appraisals.

Item 2

Mark YES if the decedent’s estate, spouse, or any other person received any bonus as a result of the decedent’s employment or death; otherwise, mark NO. If you have marked YES, submit full details.

Item 3

Mark YES if the decedent has had access to a safe deposit box; otherwise, mark NO. If you have marked YES, state the location. If it is held jointly by the decedent and another person, state the full legal name of the person and his or her relationship with the decedent. Then, explain why the contents of the safe deposit box are omitted from the schedules in the return if it is applicable.

The instructions stated below will apply to all parts of this section.

Item number

Enter the item number assigned to the miscellaneous property.

Description

Enter the description of the miscellaneous property.

CUSIP or EIN

Enter the Committee on Uniform Securities Identification Procedures (CUSIP) number or Employer Identification Number (EIN) of the miscellaneous property.

Alternate valuation date

Enter the alternate valuation date of the miscellaneous property.

Alternate value

Enter the alternate value of the miscellaneous property.

Value at date of death

Enter the value of the miscellaneous property at the date of the decedent’s death.

Total from Continuation Schedules

Enter the total from the continuation schedules.

Total

Enter the total alternate value and value at the date of death.

Estate of

Enter the name of the estate.

Decedent’s Social Security Number (SSN)

Enter the social security number (SSN) of the decedent.

Schedule G - Transfers During Decedent’s Life

Item A. Gift tax paid or payable by the decedent or the estate

Item number

Enter the item number assigned to the asset.

Description

Enter the description of the asset.

Alternate valuation date

Enter the alternate valuation date of the miscellaneous property.

Alternate value

Enter the alternate value of the asset.

Value at date of death

Enter the value of the asset at the date of the decedent’s death.

Total from Continuation Schedules

Enter the total from the continuation schedules.

Total

Enter the total alternate value and value at the date of death.

Item B. Transfers includible

The instructions stated below will apply to all rows of this section.

Item number

Enter the item number assigned to the asset.

Description

Enter the description of the asset.

Alternate valuation date

Enter the alternate valuation date of the asset.

Alternate value

Enter the alternate value of the asset.

Value at date of death

Enter the value of the asset at the date of the decedent’s death.

Total from Continuation Schedules

Enter the total from the continuation schedules.

Total

Enter the total alternate value and value at the date of death.