A skip person distributee uses this form to calculate and report the tax due on distributions from a trust that are subject to the generation-skipping transfer (GST) tax.

Use for distributions made after December 31, 2010. OMB No. 1545-1144. For calendar year . Go to www.irs.gov/Form706GSD for instructions and the latest information. Attach a copy of all Forms 706-GS(D-1) to this return.

Feb 12, 2021 · Form 706-GS(D) is a tax form distributed by the Internal Revenue Service (IRS) that is used to calculate taxes due on trust distributions subject to a generation-skipping transfer tax (GSTT).

Mar 19, 2024 · IRS form 706-GS (D) plays a significant role in estate planning and taxation, specifically concerning generation-skipping transfers. This section provides an in-depth exploration of the form’s purpose, its implications, and how it affects taxpayers.

Download or print the 2024 Federal Form 706-GS (D) (Generation-Skipping Transfer Tax Return For Distributions) for FREE from the Federal Internal Revenue Service.

Feb 10, 2025 · Practically, this means any distribution to, or for the benefit of, a skip person should be accompanied by a Form 706-GS(D-1) issued by the trustee to the IRS with a copy to the skip person, as would a K-1. This form is due by April 15 of the year following the year of the taxable distribution.

Form 706-GS(D) is used by a skip person distributee to calculate and report the tax due on distributions from a trust that are subject to the generation-skipping transfer (GST) tax. Who Must File. In general, anyone who receives a taxable distribution from a trust must file Form 706-GS(D).

706-GS(D) Form OMB No. 1545-1144 (Rev. October 2008) Department of the Treasury Internal Revenue Service For calendar year Attach a copy of all Forms 706-GS(D-1) to this return. General Information Social security number of individual distributee (see instructions) 1b Name of skip person distributee 1a

Form 706-GS(D) is used by a skip person distributee to calculate and report the tax due on distributions from a trust that are subject to the generation-skipping transfer (GST) tax. In general, any skip person who receives a taxable distribution from a trust must file Form 706-GS(D).

Dec 13, 2023 · IRS Form 706-GS(D) is used to report and determine the generation-skipping transfer (GST) tax on distributions from a trust; It is important to accurately complete this form to comply with tax regulations and avoid penalties