Form 706-NA for Maryland 2019-2025

Form 706-NA for Maryland: What You Should Know

The 10th month of the period of grace is extended to 15 months for large estates with more than 10 million dollars in the estate, or if there are only 10 heirs for an estate with more than 10 million dollars in the estate, or if the assets of the estate consist of 10 or more separate accounts. If the estate is less than 10 million, the estate must file a Form 706 with its return, even if the balance from the last payee's payments is less than 10 million. Note: If you file a claim with the IRS on behalf of a nonresident estate, the nonresident estate must pay your claim from the proceeds of the sale of the estate. See the section, Claims in the next subsection “How To File a Claim and How To Pay the Claim”. If you are a resident of Kentucky and you are the surviving spouse or the decedent's legal representative, and all other conditions are met, you can file Form 706. If you are the decedent's estate, only the United States Estate Tax Return is required because the U.S. income tax only applies to the decedent's estate. The estate is required to file a Form 706 (the United States Estate Tax Return and to pay the estate tax to the IRS within 9 months of the death of the decedent (not 10 months from the date the U.S. Estate Tax Return was actually filed, if it is still valid, or if it was filed by an estate that did not meet the 10% Test, if it qualifies) in accordance with the requirements of the Estate Tax Act of 1998 and the requirements of this instruction. However, the decedent did submit a Form 706 to the IRS at the time of death, even though you can file Form 7611 (the U.S. Estate Tax Return) only after the 10th month. This Form 7611 is a substitute for Form 706.  The U.S. Estate Tax Return is due by the 15th month following the month of death for estates of 3 million or less in value (except for trusts with assets of 10 million or more), and in any event no later than the 10th month following the month of death for estates of 10 million or more in value.

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