HomeMy WebLinkAbout1325 ~ _
MAII TO: Estate Tax Qu?eau, Department of Revenue ~
Tolbhassee. Florido 3230~
with a fee of FIVE Dollars (Si.00) '
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~ INSTRUCTIONS
THIS FORM TO 8E FILED:
For All Resident Estates for the Purpose of Detern+inin9 Estate Tox Liabilitp.
For All Non-ResideM Estotes Owning Reol Estote ond Tongible Personol Propert~? in Fbrido.
To be Filed br Dwnicilliory ExecuMrs or Administroto~s aed Verified br the Judge of the Count~r Couet or
Acknowledged Before a Notory Public.
~f the Estote is ReMunabte to tke Federo~ Gove?nment COPY OF FEDERAL RETURN, FORM 706 Shoutd
ge Fikd with This Office on or Before Niee Months Aker Date of Deoth for Decedeets Dping After Decem-
ber 31, 1970. - u
If the Estate is Returnable to the Federol Government and o Federal Estate Tox Retu~n, Form 706, is to ~
be tiled ti~e federol Form 704 will be occepted in lieu of this fo~m•
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1. Any ptrson ~equired to flle r?otice and who Iails to do so is IiaDle to a pe~a~ty o/ ~ot exceed~ng 5500.00, anA o~e wno knowingly makes any ^
false stalert+ents in any notice is IiaWe to a penalty ot not exceedinq i5,000.00 or irt.prisonment not exceeding one year, or potn.
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2, TAiS notic! f~ould b! rt?itle witAin tw0 monlAt ~tter appolnt~tlnt of tha exlCUtor or atlm~nistrator ol thc eslitc of every rei~tlent and -
non-rK~tlent o1 Fb~ida wAOSe atit! intluded real ettatt?eqarClesSO1 tne vilue o1 the eslatl. It no executor or idm~mst~ata is appo~nled tne pcrson
m ~Ctui~ O~ COnStruCtiv! POSSlSSiOn Of the d!C!dlnl'S property should make t~~i report wrtAm two montns after t~+e Oeath ot the decedenL
3. 1~ csse the estat~ W either a ras~tlent or nontesident within snd witnout tne St~e oi Flor~aa is wOicct to a Federsl Retu~n the Executor or
AAmi~itt?alor is requ'ued t0 mika and file In adC~tlo~ lo thit nolite a cOmDlete ?eturn which will deuribe tAe property ol the dece0enl item by item
ifltl ShOW W/iOUSdQdUCl10M 10I AlOtS, ttt.
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4. Copy of Federal Return, Form 706, to be filed on or ttefore NINE MONTHS /~TER D/1TE OF DEATH for decede~ts dying ;
ofter Detember 31, 1970. s
5, 1 n every case wne~e this notice ~s reQu'aed to be msde, a rsteipt lo~ tAe smount of the taz paid lax is ~ourW due tAe State of FbrWa) o? a
non-taxaDle cert~flcste (~1 it is found no tax is due the State ol FbriW) fs requwed to De filed with tne Gounly Judge ot the County tn lbe5tste of j
Fbrtda in whKb a dom~cihxy o~ antillsry atlminiStratiOn or probatE WOteedings ii Dendinq Detor! Be iS iuthoriled to qrant a tllStAarge in the eslst~,
anA miy be 1~~ed fOr retortl in the office ot tl~e C1ark Of the CirCUit Court of a~y olher tounty in Floridi in which p~oDerty o1 the estite is located.
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6. A/ee ol SS.00 ~s charqetl tor a non-taxable ce~U~~cate_ £
~ 7_ In case decedent was a resident of Fbr~ds and le/t an estate not suqect to Federal return and it is tound ~ecessary or desirab~e to slww tAe
E estate oot I~ab1e to Fbrida lor estate tax, the executor or administr~tot may oDta~n a non-ts: cert~flcate Dy filinq tAis not~te and D~Y~~9 fM lee oi
~ 55.00
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¢ 8. Eva~y esate snould secure non-tax cert~f~cate where there is real estate, to tle~r tittt, re9ardleSS o1 gross wlue ot estate.
3 9. In tne tas! of a tes~dent ot the Slate of Florids, the smount of tf~e tax to be paia. ~f s^Y. ~s ~mount ot creAit al~owetl Dy the Feder~l
~ G~vernment on xcount ot taxes pa~d lo a State, Or th! b71~nC! Ot Suth C~etlit amOUnt whiCh K nOt uSld in pdymint o1 cO~Strtu~iOnally v71id EStitl,•
~ ~nner~tance iegacy an0 wccession ta¦es o1 another State on atcount of property ot the tlecedent located ttxre. Tne total lax to be DaiA Fbr~da a~d
otne? States and tAe Fede~at Governme~t K tne same ~ow aS it woul0 nave been nad Ftorida no! imposed this tax.
~ 10. In case ot a non-resiaent of F~oriAa, the amount ot tax to be Pa~A, il sny, is tne p~oportion oi ttro allowsD~e Credit f?om Fede?al Taa that tne
9ross value of the Florid~ Drpperty bears to t~e cntire qross estste w~erever s~tuste.
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Grpss ~stit~,-TAe q?oss estate ot decedents dyi~g on or a~ter July I. 1%4, ~s def~ned in section 2031 (a) of the Internal Revenue Co .
~ tomp?isei property oi the detedent whetever situated. The gross estate includcs -
7. ProplftY in whith tN! detedtnt it tht dme Of hiS dtath hid any benel~Ciil mtlreSt.
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~ 2. 1 ntarest ol surv~vin9 spouse. as dower, wrtesy, w estate in lieu lAerot.
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3. P~oD~~1Y tra^ferred by tne Oecttlent dwmg nn t~/e by t?ust w otherwise lother than by Dooa hde sate fp an adequate anA (ull consideratio~
~n money w money's worth) ai Iollows: (1) Transle~s maOe ~n ContempNhOO of dlJtn il rrNde w~lhin 3 yl,rS pnOr tOtle~th: (2) trans/ers intendeA
to t~ke e~lect in pOSSess~on w ea~oyment at w atter the tleceAent's de~lh; ~3) transters untler wh~ch the decedent reserved w rctaineA (~n whok w in
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;r part~ the ust, DoSieSS~on, rentS, or other Intome, or en~oyment of the transterre0 O~~rty, for hIS Gfe, or (o~ i Der~od not ascertainable wilhout
f!1l~QM! LO hli dtatD, o~ 10~ ~ Der~otl of Suth dutat~On ~S t0 evidenC! an intMtiO~ tNt ~t Shoutd txtenA t0 biS dtath; i~1UUA1~1q i150 th! ft5llVit100 W
retentiOn 01 the uSe, poistiswn, rents, or otDer mcome, tA! KtWI M~Oymtnt of wh~ch w~t to awa~t tht tetmindhOn of i t~anifer~td p~ectAtnl ~
~nlerlSt o~ eit8te; (4) transteri u~fder wA~cl? lhe detedent ret~~ned the riqht eilher alone or in Con~unct~on w~t~ another person or pertons, to
tles?g~it! who ihOUlO poSSesS Or en~oy the property or fhe intomt theretrom; and (S) transte~s unde~ whitlf t1~e enloyment o~ the tr~nsferred
ti p?oppty waS wb~ett at tlecedent'S death to a cbanqe lMOUqA the ezetcise, e~thlr Dy tBe Alcedtnt alone o~ ~n COn~unCl~On wrth anot~l~ pNSOn W
persons, of ~ powe~ to iller, ~mend, rovoke, or te~mmate, o~ whe~e Suth a powe~ was rebnqu~sheO in tontempNtion of dece4enY5 deat~.
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4. AnowUes recewe0 by sny Deneticu~y DY reason of wrvrvinq lhe decedent.
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9"~ 5. P?opertY ~ned ~ointly a in tenancY DY tne mtirety. witlf riqht of wrvivorSBiP.
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6. P~op~rty wbject to a qeneral power o/ sppomtmeM, ~~ulud~ng D~oD~rty with respecf to whicA the dece0ent exertised or relessetl tAe power
~ dWinqn~sli/etimt.
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7. I~SUNnC! upOn tht GI! o/ Ih! tl!cldent, ~nclucliog mwrance retewa~lt by Denef~c~arlcS otner tnan lhe estate.
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~ NON-RESIDENT AUENS ~ncluAeonly proD~~~Y having a tax Htus in the UmtedStstes.
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~ S~tt~on 19e.01(2) - Extcutor - means tne executor, sOminist~ator or curatw o/ tnt Oeceefent or ii trNre is ~o executor sOministrstd w
'~~'4~^'- cw~t0? ~ppointl0, aWlit~ed and actmq, tAen anY Perio~ wAO is in tht attwl o? tonstruttivt posSeSS~on of any prope~ty intludetl in tM q~oss ~sbt~
~ of tM dlcedlnt.
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~ 1324
, . o0GK~5 FALf
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