Trusts & Estates

Form 706: United States Estate (and Generation-Skipping Transfer) Tax Return

Used to calculate the estate tax and generation-skipping transfer tax on the estate of a deceased U.S. citizen or resident.

Download Form 706 PDFAbout on IRS.govInstructions PDF

Who Files This Form?

Executors of estates of deceased U.S. citizens or residents with gross estates exceeding the filing threshold ($12.92 million for 2023).

Key Fields

  • Gross estate value
  • Deductions
  • Taxable estate
  • Estate tax
  • Generation-skipping transfer tax
  • Portability election

Filing Deadlines

Due Date

9 months after date of death

With Extension

6-month automatic extension with Form 4768

Late Filing Penalty

Failure-to-file penalty of 5% per month (up to 25%); failure-to-pay penalty of 0.5% per month. Plus interest on unpaid tax.

Related Forms

Form 1041

U.S. Income Tax Return for Estates and Trusts

Form 709

United States Gift (and Generation-Skipping Transfer) Tax Return

Form 8971

Information Regarding Beneficiaries Acquiring Property From a Decedent

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