IRS Form 706

2025 Printable Template

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Form last updated: 03/2024. Please verify this is the current version before use.

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What is a 706 used for?

Form 706 is used by the executor of a decedent's estate to calculate the estate tax imposed by Chapter 11 of the Internal Revenue Code and to compute the generation-skipping transfer (GST) tax imposed by Chapter 13 on direct skips. It helps determine the total value of the estate, including assets and liabilities, ensuring accurate tax calculations and potential deductions.

Who needs to fill out a 706 form

The executor or personal representative of the deceased's estate is responsible for filing this form if the gross estate, plus adjusted taxable gifts and specific exemptions, exceeds the filing threshold.

How to fill out a 706 online?

Follow these steps to complete your 706 form online.

Step 1
Step 1
Determine if the estate meets the filing threshold based on the gross estate value and adjusted taxable gifts.
Step 2
Step 2
Collect all relevant documents, including asset inventories and debts.
Step 3
Step 3
Complete the form accurately, rounding amounts as needed.
Step 4
Step 4
Submit the form within nine months of the decedent's passing, or request an extension if necessary.
Step 5
Step 5
Ensure the form is signed by the executor or personal representative.

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Frequently Asked Questions

Find quick answers to common questions about our PDF editor.

It is used to report estate taxes and generation-skipping transfer taxes for a deceased person's estate.

The form must be filed within nine months after the date of death, with possible extensions available.

The executor or personal representative of the estate is required to file this form if the estate exceeds the filing threshold.

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