Dec 3, 2024 · The trustee/designated filers of qualified domestic trusts use Form 706-QDT to figure and report tax on certain distributions, the value of property on the date of the surviving spouse's death, and the corpus portion of certain annuity payments.

Form 706-QDT (Rev. June 2019) Department of the Treasury Internal Revenue Service . U.S. Estate Tax Return for Qualified Domestic Trusts. Calendar Year. . Go to . www.irs.gov/Form706QDT . for instructions and the latest information. OMB No. 1545-1212. Part I General Information. 1a . Name of trust. 1b . EIN of trust. 2a

Use Form 4768, Application for Extension of Time To File a Return and/or Pay U.S. Estate (and Generation-Skipping Transfer) Taxes, to apply for an automatic 6-month extension of time to file Form 706-QDT. Check the “Form 706-QDT” box in Part II of Form 4768. Note. An extension of time to file does not extend the time to pay the tax.

Oct 11, 2019 · If any such distributions are made, Tax Form 706-QDT must be filed by the QDOT by April 15, reporting any principal distributions made during the prior year, and paying estate tax under Section 2056A attributable thereto.

Jan 1, 2025 · Filing requirements and payment of Sec. 2056A estate tax: Regs. Sec. 20.2056A-11(a) directs taxpayers to Temp. Regs. Sec. 20. 2056A-2T(d)(3) for the requirements for filing Form 706-QDT, U.S. Estate Tax Return for Qualified Domestic Trusts.

Form 706-QDT is the U.S. Estate Tax Return for Qualified Domestic Trusts (QDTs), a special type of trust designed to manage estate taxes when a surviving spouse is not a U.S. citizen. It's crucial for ensuring proper tax treatment of assets inherited by non-citizen spouses.

Dec 1, 2016 · Property passing to qualified domestic trusts (QDOTs) or passing to a QDOT by irrevocable assignment by a noncitizen spouse before the decedent's estate tax return is filed can qualify for the marital deduction. QDOTs are not exempt from estate tax, though, but are merely a means to defer tax.

Form 706-QDT is an annual return. Generally, the return to report distributions is due on or after January 1 but not later than April 15 of the year following any calendar year in which a taxable event occurred or a distribution was made on account of hardship.

FORM 706, 706NA & 706QDT. FEDERAL ESTATE TAX RETURNS. FORM 706. The federal Estate Tax is a tax on your right to transfer property at your death. It consists of an accounting of everything you own or have certain interests in at the date of death. The IRS form used for reporting is called the Federal Estate Tax Return, form 706.

A decedent's executor is charged with the duty of filing the Form 706 or Form 706-NA within nine months after the date of death. Proper filing requires not only knowledge of relevant Code provisions, but also the practical mechanics of actual return preparation.