Instructions for IRS Form 706-NA United States Estate (And Generation-Skipping Transfer) Tax Return Estate of Nonresident Not a Citizen of the United States

IRS Form 706-NA United States Estate (And Generation-Skipping Transfer) Tax Return Estate of Nonresident Not a Citizen of the United States

This document contains official instructions for IRS Form 706-NA , United States Estate (And Generation-Skipping Transfer) Tax Return Estate of Nonresident Not a Citizen of the United States - a tax form released and collected by the Internal Revenue Service (IRS), a subdivision of the U.S. Department of the Treasury. An up-to-date fillable IRS Form 706-NA is available for download through this link.

FAQ

Q: What is IRS Form 706-NA?
A: IRS Form 706-NA is the United States Estate (And Generation-Skipping Transfer) Tax Return for the Estate of a Nonresident who is not a Citizen of the United States.

Q: Who needs to file IRS Form 706-NA?
A: IRS Form 706-NA must be filed by the estate of a nonresident who was not a citizen of the United States at the time of their death, if the estate's value is above the applicable threshold for estate tax.

Q: What is the purpose of filing IRS Form 706-NA?
A: The purpose of filing IRS Form 706-NA is to report and pay estate and generation-skipping transfer taxes on the assets located within the United States that are owned by a nonresident who is not a citizen of the United States.

Q: What information is required to complete IRS Form 706-NA?
A: To complete IRS Form 706-NA, you will need information about the deceased individual, the estate's assets located in the United States, the estate's liabilities, and any transfers subject to the generation-skipping transfer tax.

Q: What is the deadline for filing IRS Form 706-NA?
A: The deadline for filing IRS Form 706-NA is usually nine months after the date of the decedent's death. However, extensions may be available in certain situations.