Rev. September 2019
The document provides instructions for trustees on how to calculate and pay the Generation-Skipping Transfer (GST) tax on a direct skip from a trust. The executor completes Schedule R-1, which serves as a payment voucher. Trustees can pay by check or money order or electronic funds transfer. The GST tax is due nine months after the decedent's date of death, and there is an automatic extension for filing and paying.
Form 706 Schedule R-1 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.
The easiest way to fill Form 706 Schedule R-1 online
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