Rev. June 2019
These instructions provide guidance on completing and submitting Form 706-NA, Estate (and Generation-Skipping Transfer) Tax Return, in the United States. The form is used to report a decedent's gross estate and calculate any estate or generation-skipping transfer taxes due. Topics covered include filing requirements, necessary forms, estate taxes, transfers, trusts, powers of appointment, and deductions.
Form 706-NA requires the executor or administrator to provide identifying information about the estate, information about the decedent, and information about income and deductions for the tax year of death.
The penalty for late filing of Form 706-NA is generally 5% of the tax due per month that the return is late, up to a maximum of 25%. However, there are exceptions to this penalty for certain estates.
Form 706-NA, United States Estate (and Nonresident Alien) Income Tax Return, is used by executors or administrators of estates to report and pay estate income tax on behalf of decedents who were U.S. citizens or residents at the time of their death.
Form 706-NA must be filed by executors or administrators of estates if the estate: (1) has an gross estate located in the U.S. valued at more than $600,000; or (2) is required to file a Form 1041 because it was required to file a tax return during the decedent's lifetime.
Form 706-NA must be filed with the IRS within nine months after the date of death. If an extension is granted, it may be filed up to six months after the due date without penalty.
Common documents that may need to be attached to Form 706-NA include: death certificates, affidavits of executor or administrator, W-9s for beneficiaries who are U.S. persons, and Forms W-2, 1099, and 1042-S.
Form 706-NA is one of Tax forms that are documents used to report information related to taxes to the relevant tax authority. There are various types of tax forms, including federal, state, and local tax forms, which can vary depending on the taxpayer's circumstances and location.
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