HomeMy WebLinkAbout2426 MAIL TO: Estate Tox Bun.a.., Depavtment of Revenue
Talbhassee. Florido 32304
with a fee of FIVE Dollars (~3.00)
INSTRUCTIONS , ~
THIS FO TO BE FILED:
For All R ident Estotes for the Purpose of Determining Estate Tox Liabilitp.
For Aii No Resident Eslates Oweieg Real E~ote ond Tongible Penono! Prope~r in orida.
To be Filed Domicilliory Executors or Administrato~s ond Verified by the Judge o the Countp Court or
Acknowledged B re a Notary Public.
IF the Estote is eturnable to the Federol Governenent COPY OF FEDERAL RET N, FORM 706 Should
Be Filed with This ce on or Beforo Nine Months After pote of Deoth for Dec ents Driey Aker Decem-
ber 31, 1970.
if the &tote is Ret oble to the Federol Go~emment and a Fede?ol Estate ax Reture, Form 706, is M
be filed the Federal Fo 704 will be accepted in lieu of this form.
1. Any person required to tlle otice and w~o taili to do so is liable to a per?alty o1 not exceed~n9 500.00, and one vrho knowingly makes any
ta~se ststemeMS in any notice is lia to a penalty o~ not exceeding i5,000.00 or irr.prisonment not e eeAi~g one year, or both. '
2. This notice should Oe made w hin two montl?s atter appainlment o e execu or o. m~ms ra e ot every resident and
nOn-fKiOtnt Of FlOndi whOSE lSt~l! i~1t ded real eriate regardless oi tAe value ot the estate. l! n e:etutor o~ adm~msiratw ~s po~nled the pcrs~n
in xtual w conitructive Oossession ot tAe nt's propcrty should mske this repo?t wit~i~ t o months atter tne Oeatn of the decetlent.
3. In usa tAe estate o1 eltNer a reslden w non{es~tlent withi~ and without tne State t Florida is wWccl to a Fcdersl Return t1x Executor o~
Administnto? is required to make arW ti{e in dition to this notice a complete ~eturn whi will Oescribe t?~e prope?ty ol tt~e Oecedent item by item
and show variousdWuctions ~d Wbts, etc.
4. Copy of Federol Return, Form 706, t be fifed on or before NWE M THS AFTER DATE OF DE/1TH Mr detede~ts dying
after December 31, 1970.
5, 1 n evay case where this notice is required t made, ~ rlCtipt fo~ tAe a ount of tne taz psid (ii tax is tountl due the Sqte of Fbrida) w a
non•taxsbk tert~litate (if it is fou~d no tax iS due th Stite of Fbrida) (S requ to be filed with tl?e Counly Judqe oi the County In lAeStateOf z
FIO~10a in wAich a tlomicil~uy a ancilW ry atlminist?at' or probate proceedl ~f Pending belore he is suthorized to graM a distharge i~ the estate,
and maY be tiled for reCOrd in tbe o/f iCe of ltm Clerk Of t CirCUit COU?t of any tber County fn FbriW in whlCh property of the estate is lotated.
F 6. A~eeolis.OOischarqealoranon-taxablecert~tica .
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E 7. In tase detedent wss a res~dent of FloriOa a~d kft s estate not Dject to Fede.al ~eturn antl it ~s tound r?ecessary or desirable to st?ow lhe
~ estate ~ot I~ab?e to FtoriAa (or estate tax, the executor or ad inistrato may oDtain a non•tax ce~t~ticate by /ilinq this notite and paYing tAe (ee of
E ia.oo
~ 8. Eve~y esute snoula secure non-tsx certiticate wnere there s 1 estste, to clear title, reqardless o1 gioss vatue ot estate.
~ 9. In the csse of a resiaent o/ the State ot Fbrida, tlx a t o1 tfro t~x to be paid, if sny, is tAe amount ot c~edit aflowed by the Fetleral
G~vernment on account o/ taxes paid to a State, or thE W Wnte f A uedit amount which is not useA in paYment of constitutionaily valid estate,
~ ~nneritance ~egacy ana wccession taxes of another Stste on ac unt t propNty of the decetlent tocateA tnere. Tne total tax to be psid Florida and
~ otAer States and tne Fede~al Governrt?ent n the same now as it u14 e been haA Florida not imposed this tax.
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~ 10. 1 n case of s ~on-resideM of FloriAa, the amount of ax to De psid, '1 sny, is tAe proportion oi the allowaDle tredit lrom Federal Tsx that tne
g~oss vslue ot tne Ftorids ptoperty Dears to tne entire gro eslate wnerev r situate.
Grou ~sbb,- Tne qross esute of deceAents dyinq n or atter July I, 4, ~s de/tned in section 2031 (a) of the Internal Revenue Code.
~ compnses property ot the decedeM wherever situate The qrou estate inclu s-
1. PrOperty in whictl A! deCldent at th! t~mC o is dlath hsd any 0!nll~Cis1 terest. .
~ 2. 1 nterest oi wrvlvi~g spouse, as dower, cur sy, or estate in lieu therof.
~ 3. Property t~anferretl by the tlecedent d rinq his life by trust or otherwise (othe? t an by Dona i~de sale for'a~ adequate anA 1u11 conside~ation ~
~ ~n money o~ money'S wOrth) aS (OIIOWS: (1) ransters made ~n co~temput~on ot ~leatn i made wrtnin 3 yea~s p?~or to aeatn: (21 transters intenoed
to take eltett ~n posuif~on or en~oyment at r a(te~ tbe deCedent'S dealh; (3~ transters un wh~Ch tF~e dtCtdeM reservld O~ rttained (in wh01! Or in
~ part) 1t~e use, possess~oo, rents, or olner i ome, or en~oyment oi the transterre0 propert for his tife, or foi a per~oO not aSCertainaOle wlthout ~
t!1l~MC! LO hK f!lilb.Ol fOf i pC~~OA O~ ~ durat~on ss lo ev~dence an intention tAat it s~ou Cxttnd t0 hi5 dtith; rttClUdinq 2150 thG !ESl~VitiOn pI
~ ~Otent~On Of the use, poSSeii~On, rents, r other ~ntome, the aCtwl en~oyment ol wniCA ws to await tAe terminat~o~ Ot s transfe?red prece0ent
mlaest w estate; (4) tnnslers under h~ch tAe Aecedent retained the ?ight eilher alone or 'n to~~untUOn with a~otne? person or perso~s, to
tles~gnat! wbo SAOUId possesS or en~ the properly or t~e mcome tAerelrom; and (S) trinS s untle? which the en~oyment oi the trintte?retl
prOpNty was wD)ect at dlcedenYs atA to a chang! tn?ouqh the exerciu, e~tAer by tA! decede t alone or ~n ton~unct~on w~M another plrson O~
peROnS, Of s pOwer to ilter, amend evoke, Or term~n~[!, O~ whlr! SuCh ~ pOwlr waS rt6nqwihed ~n ontemplatiOn o/ decedeM'S deatA.
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4. Annuitles retavetl by y Dtnet~CNry by rl~SOn Ot Suiv~v~ng lhe dectdent.
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~ 5. Property owned intly a in te~?ancY by the entirety, witA right ot wrvivorsAip.
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6. PtOp!?ty tub~ t to a g!nlral povYlr o1 aD~a~~~~n~. ~M~udinq Droperty with reipect to wNicA the ede~t exercised o~ released the powd
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--~s~-, durinq his litetirtle.
~ -7. Inwran e upon tne Ule of the decedenl, ~nclud~~g msurance receivable by Oene/~ciaries other tnan tne estate.
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z~ NON•RE OENT ALfENS include only poperty having a tax Hws in tne United States. ,
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S~ctio~ l9S.Olt2) - Executor - means the executor, administ~ator or cu~atw o1 the tlece0ent o~ if there Is no ~xecutw administratw w ~
curator sppointed. qu~lifietl and act~ng, the~ any pcrson wAO is in tha attust ot cOnstructiv~ posfession of a~y Wope~fy includ~d in th~ 9rofs~stat~
Of tha dectOe~t. • ;
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~ . o R 238 2422
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