Instructions for Form OR-706, 150-104-001 Oregon Estate Transfer Tax Return - Oregon

Form OR-706 (150-104-001) Oregon Estate Transfer Tax Return - Oregon

This document contains official instructions for Form OR-706 , and Form 150-104-001 . Both forms are released and collected by the Oregon Department of Revenue. An up-to-date fillable Form OR-706 (150-104-001) is available for download through this link.

FAQ

Q: What is Form OR-706?
A: Form OR-706 is the Oregon Estate Transfer Tax Return.

Q: Who needs to file Form OR-706?
A: Anyone who is the personal representative of a decedent's estate and is required to file a federal Form 706 needs to file Form OR-706 in Oregon.

Q: What is the purpose of Form OR-706?
A: Form OR-706 is used to report and pay the Oregon estate transfer tax.

Q: When is Form OR-706 due?
A: Form OR-706 is due nine months after the date of the decedent's death.

Q: What information is required on Form OR-706?
A: Form OR-706 requires information about the decedent, the estate's assets and liabilities, and the calculation of the estate transfer tax.

Q: Are there any exemptions or deductions on Form OR-706?
A: Yes, there are certain exemptions and deductions available on Form OR-706, such as the unlimited marital deduction and charitable deductions.

Q: What happens if I don't file Form OR-706 on time?
A: If Form OR-706 is not filed on time, penalties and interest may be assessed.

Q: Can I e-file Form OR-706?
A: No, currently Form OR-706 cannot be e-filed and must be filed by mail.