Form M706 Estate Tax Return - Minnesota

What Is Form M706?

This is a legal form that was released by the Minnesota Department of Revenue - a government authority operating within Minnesota. As of today, no separate filing guidelines for the form are provided by the issuing department.

FAQ

Q: What is Form M706?
A: Form M706 is the Estate Tax Return form used in Minnesota.

Q: Who needs to file Form M706?
A: Form M706 must be filed by the executor or administrator of an estate if the estate is subject to the Minnesota estate tax.

Q: When is Form M706 due?
A: Form M706 is generally due within nine months from the date of death.

Q: What information is required on Form M706?
A: Form M706 requires information about the deceased person's assets, liabilities, and beneficiaries.

Q: Are there any filing fees associated with Form M706?
A: Yes, there are filing fees associated with Form M706. The fees vary depending on the value of the estate.

Q: Are there any penalties for late filing of Form M706?
A: Yes, there are penalties for late filing of Form M706. It is important to file the form on time to avoid penalties.

Q: Is there any estate tax in Minnesota?
A: Yes, Minnesota has an estate tax that applies to certain estates with a value above a certain threshold.