Enlarge image | Form 706-GS(T) Generation-Skipping Transfer Tax Return For Terminations ▶ Use for terminations made after December 31, 2012. OMB No. 1545-1145 (Rev. November 2013) ▶ For calendar year . Department of the Treasury ▶ Information about Form 706-GS(T) and its separate instructions is at www.irs.gov/form706gst. Internal Revenue Service Part I General Information 1a Name of trust 1b Trust’s employer identification number (see instructions) 2a Name of trustee 2b Trustee’s address (number and street or P.O. box; apt. or suite no.; city, town or post office; state and ZIP code) If you have a foreign address, also complete the spaces below (see instructions). Foreign country name Foreign province/county Foreign postal code Part II Trust Information (see the instructions) Sch. A Yes No 3 Has any exemption been allocated to this trust by reason of the deemed allocation rules of number(s) section 2632? If “Yes,” describe the allocation on the line 7, Schedule A, attachment showing how the inclusion ratio was calculated . . . . . . . . . . . . . . . . . . . . 4 Has property been contributed to this trust since the last Form 706-GS(T) or 706-GS(D-1) was filed? If “Yes,” attach a schedule showing how the inclusion ratio was calculated . . . . . . 5 Have any terminations occurred that are not reported on this return because of the exceptions in section 2611(b)(1) or (2) relating to medical and educational exclusions and prior payment of Generation-Skipping Transfer (GST) tax? If “Yes,” attach a statement describing the termination . 6 Have any contributions been made to this trust that were not included in calculating the trust’s inclusion ratio? If “Yes,” attach a statement explaining why the contribution was not included . . 7 Has the special QTIP election in section 2652(a)(3) been made for this trust? . . . . . . . 8 If this is not an explicit trust (see the instructions under Who Must File), check here and attach a statement describing the trust arrangement that makes its effect substantially similar to an explicit trust . . . . . . . . . . . . . . ▶ Part III Tax Computation 9a Summary of attached Schedules A (see instructions for line 9b) GST tax Schedule A No. (from Sch. A, line 10) 1 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 9a1 2 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 9a2 3 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 9a3 4 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 9a4 5 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 9a5 6 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 9a6 9b Total from all additional Schedules A, in excess of six, attached to this form . . . . . . . ▶ 9b 10 Total GST tax (add lines 9a1 through 9b) . . . . . . . . . . . . . . . . . . . 10 11 Payment, if any, made with Form 7004 . . . . . . . . . . . . . . . . . . . . 11 12 Tax due. If line 10 is larger than line 11, enter the amount owed . . . . . . . . . . . . 12 13 Overpayment. If line 11 is larger than line 10, enter amount to be refunded . . . . . . . . 13 Under penalties of perjury, I declare that I have examined this return, including accompanying schedules and statements, and to the best of my knowledge and belief, it is true, correct, and complete. Declaration of preparer other than fiduciary is based on all information of which preparer has any Sign ▲knowledge. Here Signature of fiduciary or officer representing fiduciary Date Print/Type preparer’s name Preparer's signature Date PTIN Paid Check if self-employed Preparer Use Only Firm’s name ▶ Firm's EIN ▶ Firm's address ▶ Phone no. For Paperwork Reduction Act Notice, see separate instructions. Cat. No. 10329M Form 706-GS(T) (Rev. 11-2013) |
Enlarge image | Form 706-GS(T) (Rev. 11-2013) Page 2 Name of trust EIN of trust Note. Make copies of this schedule before completing it if you will need more than one Schedule A No. Schedule A. Schedule A—Taxable Terminations (See the instructions before completing this schedule.) a b c Item no. from line 4 below in Name of skip persons SSN or EIN of skip person which interest held 1 2 Describe the terminating power or interest. If you need more space, attach an additional sheet. 3 If you elect alternate valuation, check here (see the instructions) . . . . . . . . . . . . . . . . . . . ▶ 4 Describe each taxable termination below (see the instructions) a b c d e Item no. Description of property subject to termination Date of termination Valuation date Value 1 Total . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ▶ 4 5 Total deductions applicable to this Schedule A (from attached Schedule B, line 5) . . . . . . . 5 6 Taxable amount (subtract line 5 from line 4) . . . . . . . . . . . . . . . . . . . 6 7 Inclusion ratio (attach separate schedule showing computation) . . . . . . . . . . . . . 7 8 Maximum federal estate tax rate (see Table in the instructions) . . . . . . . . . . . . . 8 % 9 Applicable rate (multiply line 7 by line 8) . . . . . . . . . . . . . . . . . . . . . 9 10 GST tax (multiply line 6 by line 9) (enter here and on page 1, Part III, line 9) . . . . . . . . . 10 Schedule A (Form 706-GS(T)) (Rev. 11-2013) |
Enlarge image | Form 706-GS(T) (Rev. 11-2013) Page 3 Name of trust Schedule A No. ▶ EIN of trust Note. Make copies of this schedule before completing it if you will need more than one Schedule B. Schedule B(1)—General Trust Debts, Expenses, and Taxes (Section 2622(b)) (Enter only items related to the entire trust; see the instructions.) a b c Item no. Description Amount 1 1 Total of Schedule B(1) . . . . . . . . . . . . . . . . . . . . . . . . . . 1 2 Percentage allocated to corresponding Schedule A . . . . . . . . . . . . . . . . . 2 % 3 Net deduction (multiply line 1 by line 2) . . . . . . . . . . . . . . . . . . . . . 3 Schedule B(2)—Specific Termination-Related Debts, Expenses, and Taxes (Section 2622(b)) (Enter only items related solely to terminations appearing on corresponding Schedule A; see the instructions.) a b c Item no. Description Amount 1 4 Total of Schedule B(2) . . . . . . . . . . . . . . . . . . . . . . . . . . 4 5 Total. Add lines 3 and 4 (enter here and on line 5 of the corresponding Schedule A) . . . . . . 5 Schedules B(1) and B(2) (Form 706-GS(T)) (Rev. 11-2013) |