Instructions For Form 706 - United States Estate (And Generation-Skipping Transfer) Tax Return - 2008 Page 4
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33convention as indicated on the
Table A — Unified Rate Schedule
schedule (for example, Schedule M).
•
Column A
Column B
Column C
Column D
Total the items listed on the schedule
and its attachments, Continuation
Taxable amount over Taxable amount not
Tax on amount in
Rate of tax on excess
Schedules, etc.
over
column A
over amount in
•
column A
Enter the total of all attachments,
Continuation Schedules, etc., at the
bottom of the printed schedule, but do
(Percent)
not carry the totals forward from one
0
$10,000
0
18
schedule to the next.
$10,000
20,000
$1,800
20
•
Enter the total, or totals, for each
20,000
40,000
3,800
22
schedule on page 3, Part
40,000
60,000
8,200
24
5 — Recapitulation.
60,000
80,000
13,000
26
•
Do not complete the “Alternate
80,000
100,000
18,200
28
valuation date” or “Alternate value”
100,000
150,000
23,800
30
columns of any schedule unless you
150,000
250,000
38,800
32
elected alternate valuation on line 1 of
250,000
500,000
70,800
34
Part 3 — Elections by the Executor.
•
500,000
750,000
155,800
37
When you complete the return, staple
all the required pages together in the
750,000
1,000,000
248,300
39
proper order.
1,000,000
1,250,000
345,800
41
1,250,000
1,500,000
448,300
43
1,500,000
2,000,000
555,800
45
Part 1—Decedent and
2,000,000
- - - - - - - -
780,800
45
Executor (Page 1 of
Form 706)
spouse. If the decedent did not have a
Line 6a. Name of Executor
social security number, the executor
If there is more than one executor,
should obtain one for the decedent by
Line 2
enter the name of the executor to be
filing Form SS-5, Application for Social
Enter the social security number
contacted by the IRS. List the other
Security Card, with a local Social
assigned specifically to the decedent.
executors’ names, addresses, and
Security Administration office.
You cannot use the social security
number assigned to the decedent’s
Worksheet TG— Taxable Gifts Reconciliation
(To be used for lines 4 and 7 of the Tax Computation)
Note. For the definition of a taxable gift, see section 2503. Follow Form 709. That
a.
b.
is, include only the decedent’s one-half of split gifts, whether the gifts were made
by the decedent or the decedent’s spouse. In addition to gifts reported on Form
Calendar year or
Total taxable gifts for
709, you must include any taxable gifts in excess of the annual exclusion that
calendar quarter
period (see Note)
were not reported on Form 709.
c.
d.
e.
f.
Taxable amount
Taxable amount
included in col. b for
Gift tax paid by
Gift tax paid by
included in col. b
gifts that qualify for
decedent on gifts
decedent’s spouse on
for gifts included
“special treatment of
in col. d
gifts in col. c
in the gross estate
split gifts” described
Total taxable gifts
1.
on page 6
made before 1977
2.
Totals for gifts made after 1976
Line 4 Worksheet—Adjusted Taxable Gifts Made After 1976
1
Taxable gifts made after 1976. Enter the amount from line 2, column b, Worksheet TG
1.
Taxable gifts made after 1976 reportable on Schedule G. Enter the amount
2.
2
from line 2, column c, Worksheet TG
Taxable gifts made after 1976 that qualify for “special treatment.” Enter the
3.
3
amount from line 2, column d, Worksheet TG
4
Add lines 2 and 3
4.
Adjusted taxable gifts. Subtract line 4 from line 1. Enter here and on line 4 of the
5.
Tax Computation of Form 706
5
-4-
Part Instructions
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