Federal Generation-Skipping Transfer Tax Return for Terminations

Generation-Skipping Transfer Tax Return for Terminations
Form 706-GS (T) (Rev. November 2013)
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New Mailing Addresses

Addresses for mailing certain forms have changed since the forms were last published. The new mailing
addresses are shown below.
Mailing address for Forms 706‐A, 706‐GS(D), 706‐GS(T), 706‐NA, 706‐QDT, 8612, 8725, 8831, 8842, 8892,
8924, 8928:
Department of the Treasury
Internal Revenue Service Center
Kansas City, MO 64999
Mailing address for Forms 2678, 8716, 8822-B, 8832, 8855:
Taxpayers in the States Below

Mail the Form to This Address

Connecticut, Delaware, District of Columbia, Georgia,
Illinois, Indiana,Kentucky, Maine, Maryland,
Department of the Treasury
Massachusetts, Michigan, New Hampshire, New Jersey, Internal Revenue Service Center
New York, North Carolina, Ohio, Pennsylvania, Rhode
Kansas City, MO 64999
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Nebraska, Nevada, New Mexico, North Dakota,
Oklahoma, Oregon, South Dakota, Tennessee, Texas,
Utah, Washington, Wyoming

Department of the Treasury
Internal Revenue Service Center
Ogden, UT 84201

This update supplements these forms’ instructions. Filers should rely on this update for the changes described,
which will be incorporated into the next revision of the forms’ instructions.

Form

Transfer Tax Return For Terminations
706-GS(T) Generation-Skipping
Use for terminations made after December 31, 2012.
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(Rev. November 2013)

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Department of the Treasury
Internal Revenue Service

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For calendar year

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OMB No. 1545-1145

Information about Form 706-GS(T) and its separate instructions is at www.irs.gov/form706gst.

General Information

Part I

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

Trust Information (see the instructions)

Part II

Sch. A
number(s)

Yes No

3

Has any exemption been allocated to this trust by reason of the deemed allocation rules of
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
8

Has the special QTIP election in section 2652(a)(3) been made for this trust?
. . . . . . .
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 . . . . . . . . . . . . . . ▶

Tax Computation

Part III
9a

Summary of attached Schedules A (see instructions for line 9b)

GST tax
(from Sch. A, line 10)

Schedule A No.

1
2
3
4
5
6
9b
10
11
12
13

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Total from all additional Schedules A, in excess of six, attached to this form
Total GST tax (add lines 9a1 through 9b) . . . . . . . . . . .
Payment, if any, made with Form 7004 . . . . . . . . . . . .
Tax due. If line 10 is larger than line 11, enter the amount owed . . . .
Overpayment. If line 11 is larger than line 10, enter amount to be refunded

Paid
Preparer
Use Only

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9a1
9a2
9a3
9a4
9a5
9a6
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9b
10
11
12
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
knowledge.
▲

Sign
Here

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Date

Signature of fiduciary or officer representing fiduciary

Print/Type preparer’s name

Preparer's signature

Date

Check
if
self-employed

Firm’s name

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Firm's EIN

Firm's address

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Phone no.

For Paperwork Reduction Act Notice, see separate instructions.

Cat. No. 10329M

PTIN

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Form 706-GS(T) (Rev. 11-2013)

Form 706-GS(T) (Rev. 11-2013)

Page

Schedule A No.

2

EIN of trust

Name of trust

Note. Make copies of this schedule before completing it if you will need more than one
Schedule A.

Schedule A—Taxable Terminations
(See the instructions before completing this schedule.)
a
Name of skip persons

c Item no. from line 4 below in
which interest held

b
SSN or EIN of skip person

1

2

3
4

5
6
7
8
9
10

Describe the terminating power or interest. If you need more space, attach an additional sheet.

If you elect alternate valuation, check here (see the instructions) . . . . . .
Describe each taxable termination below (see the instructions)
a
c
b
Description of property subject to termination
Item no.
Date of termination

Total . . . . . . . . . . . . . . . . . . . . . . . . . .
Total deductions applicable to this Schedule A (from attached Schedule B, line 5)
Taxable amount (subtract line 5 from line 4) . . . . . . . . . . . .
Inclusion ratio (attach separate schedule showing computation) . . . . . .
Maximum federal estate tax rate (see Table in the instructions) . . . . . .
Applicable rate (multiply line 7 by line 8) . . . . . . . . . . . . . .
GST tax (multiply line 6 by line 9) (enter here and on page 1, Part III, line 9) . .

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d
Valuation date

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e
Value

4
5
6
7
8
9
10

%

Schedule A (Form 706-GS(T)) (Rev. 11-2013)

Form 706-GS(T) (Rev. 11-2013)
Name of trust

Page

3

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
a
Item no.

(Section 2622(b)) (Enter only items related to the entire trust; see the instructions.)
b
Description

c
Amount

1

Total of Schedule B(1)

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1

2

Percentage allocated to corresponding Schedule A .

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3

Net deduction (multiply line 1 by line 2) .

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3

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%

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
Item no.

b
Description

c
Amount

4

Total of Schedule B(2)

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4

5

Total. Add lines 3 and 4 (enter here and on line 5 of the corresponding Schedule A)

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5

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Schedules B(1) and B(2) (Form 706-GS(T)) (Rev. 11-2013)