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Form 706 online Baton Rouge Louisiana: What You Should Know

Here's how to file the estate tax return: File Form 706 with the Louisiana Department of Revenue at: Louisiana Department of Revenue PO Box 517 Baton Rouge, LA 70802-517 Phone: Form 706 is used to figure the federal death tax imposed by chapter 11, and the federal state inheritance tax imposed on the decedent. The federal state inheritance tax is assessed on the death of the estate only if the tax is collected from the estate. In most states, estate taxes are not charged. But a few states require such tax to be imposed. The inheritance tax is assessed only on the transfer of property, such as real estate. Form 706 and federal state inheritance tax may be filed by executors, guardians, or conservators. It does not have to be filed by the decedent's designated representative, such as a lawyer or business professional. Form 706 is not used for gifts for use directly or indirectly by the estate. Gifts of money or property by the estate and not provided by the decedent are not subject to the tax charge. But if the transfer was made for personal benefit of the decedent or for use in a trust for the estate of the decedent, then Form 706 must be filed with gift tax return. The state estate tax (estimated at 4 percent) may be assessed on the estate of a decedent not having children (under age 18). If an estate does have children, then the estate may not collect the estate taxes. In that case, a guardian, executor, or conservator may file a federal estate tax return. However, for estate tax purposes, a guardian does not have to file Form 706 if the death of the decedent occurred prior to December 31 of the year he or she leaves. An executor who does not want to file a federal estate tax return may file a Form 1041 without reporting a tax. Form 706 is filed electronically, but it is a good idea to file electronically. The federal estate tax is not assessed until payment is made. It is also more expensive to file electronically than in a paper form.

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