Wisconsin Form W706 PDF Details

Managing the estate of a loved one after their passing is a significant responsibility that involves various legal and financial steps. One essential document for those handling estates in Wisconsin is the Form W706, known as the Wisconsin Estate Tax Return. This form is crucial for both resident and nonresident decedents whose date of death is on or after January 1, 1992. It is meticulously designed to compute Wisconsin estate tax, integrating data such as the total state death credit from Federal Form 706, the gross value of property in Wisconsin, and other pertinent financial details. Furthermore, it addresses whether a closing certificate for fiduciaries will be required to close the estate with the circuit court, emphasizing the thoroughness needed in declaring the estate’s assets and liabilities. Payments, interest, and penalties are calculated within this form, highlighting the financial aspects of estate management. The declaration section enforces the importance of accuracy and diligence in preparing this return, underlining the serious nature of estate tax responsibilities. The interaction with the Wisconsin Department of Revenue, specified payment instructions, and the necessity for a complete copy of the Federal Estate Tax Return underscore the comprehensive and structured process of estate taxation in Wisconsin. This document, therefore, stands as a critical tool in ensuring the correct administration and finalization of an estate's financial obligations to the state.

QuestionAnswer
Form NameWisconsin Form W706
Form Length1 pages
Fillable?No
Fillable fields0
Avg. time to fill out15 sec
Other namesfwiw706[1295] wisconsin estate tax form

Form Preview Example

 

 

 

 

 

 

 

 

 

 

 

 

 

For Department Use Only

TO VAL

 

 

WISCONSIN ESTATE TAX RETURN

 

 

AUDITOR NUMBER

 

 

 

 

FORM

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

W706

 

For Estates of Resident and Nonresident Decedents when

 

 

■ 7AU

■ 11OP

■ 12OP

 

 

 

 

Date of Death is on or after January 1, 1992

 

 

■ 8AU

■ 11CL

■ 12CL

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

ESTATE OF

 

 

 

 

 

DATE OF DEATH

 

DATE OF BIRTH

 

SOCIAL SECURITY NUMBER

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

ADDRESS OF DECEDENT AT DATE OF DEATH

 

 

 

CITY

 

 

 

 

STATE

 

ZIP CODE

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

FIRST NAME OF SURVIVING SPOUSE

 

COUNTY

 

 

 

TYPE OF PROCEEDING

 

PROBATE CASE NUMBER

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Will a closing certificate for fiduciaries be needed to close the

 

 

 

 

 

 

 

ESTATES FEDERAL ID NUMBER (EIN)

■

Yes

■

 

No

 

 

 

 

 

 

 

estate with the circuit court?

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Attach Complete Copy of Federal Estate Tax Return – Form 706

 

 

 

 

 

 

 

 

 

 

Make Checks Payable to and Mail to:

 

 

 

 

 

 

 

 

 

 

 

 

 

Wisconsin Department of Revenue

 

 

 

 

 

 

 

 

 

 

 

 

 

Post Office Box 8904

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Madison, Wisconsin 53708-8904

 

 

 

 

 

 

 

 

 

 

 

 

 

Telephone Number (608) 266-2772

 

 

 

 

 

 

 

 

 

 

Phone help for hearing-impaired people with TDD equipment (608) 267-1049

 

 

 

1

Total state death credit allowable (from Federal Form 706)

.

. .

 

1

 

 

.

COMPUTATION

2

Gross value of property in Wisconsin .

. . . . . . .

. . . .

. . .

. .

.

. . . . . . . . . .

.

. .

 

2

 

 

.

OF

3

Gross value of total estate (Federal Form 706)

 

 

 

 

 

 

 

 

3

 

 

.

WISCONSIN

. . . .

. . .

. .

.

. . . . . . . . . .

.

. .

 

 

 

4

Percent of property in Wisconsin (line 2 divided by line 3)

 

 

 

 

 

4

 

 

%

ESTATE TAX

.

. . . . . . . . . .

.

. .

 

 

 

 

 

5

Wisconsin estate tax (line 1 multiplied by line 4)

. .

.

. . . . . . . . . .

.

. .

 

5

 

 

.

INTEREST

6

Interest @ 12% (from

 

 

to

 

 

 

) (see instructions)

 

6

 

 

.

AND

7

Penalty (see instructions)

 

 

 

 

 

 

 

 

 

7

 

 

.

PENALTY

. . . .

. . .

. .

.

. . . . . . . . . .

.

. .

 

 

 

8

TOTAL TAX, INTEREST AND PENALTY (line 5 plus lines 6 and 7)

 

 

 

8

 

 

.

 

 

.

. .

 

 

 

TAX DUE

9

Previous payment (enter date

 

 

 

 

)

. . . . . . . . . .

.

. .

 

9

 

 

.

OR

10

If line 9 is less than line 8, subtract line 9 from line 8 . . .

. .

.

. Balance Due

 

10

 

 

.

REFUND

11

If line 9 is greater than line 8, subtract line 8 from line 9

 

 

. . . . . . Refund

 

11

 

 

.

 

 

. .

.

 

 

 

DECLARATION of personal representative, special administrator, trustee, distributee or other person signing Form W706.

I declare that I have made a diligent and careful search for property of every kind owned by the decedent, and that this return has been examined by me and is to the best of my knowledge, true, correct and complete. If this return is prepared by anyone other than the person filing this return, the preparer’s separate declaration is based on all information of which he or she has any knowledge.

NAME

ADDRESS

SIGN HERE

DESIGNATION

DATE

TELEPHONE NUMBER

( )

Person preparing the return (individual and firm) if other than the preceding signer.

NAME

ADDRESS

SIGN HERE

DATE

TELEPHONE NUMBER

( )

The certificate determining Wisconsin estate tax will be mailed to the individual/firm at the address shown below:

NAME OF INDIVIDUAL OR FIRM

ATTN OR C/O

ADDRESS

CITY

STATE

ZIP CODE

HT-005 (R. 12-95)

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It's straightforward to complete the document using this helpful guide! This is what you need to do:

1. You should complete the Wisconsin Form W706 accurately, hence take care while filling in the parts containing these fields:

Step no. 1 in completing Wisconsin Form W706

2. Right after the previous array of blanks is filled out, go on to enter the suitable information in these: REFUND, Total state death credit, DECLARATION of personal, I declare that I have made a, NAME, SIGN HERE, ADDRESS, DESIGNATION, DATE, TELEPHONE NUMBER, Person preparing the return, NAME, SIGN HERE, ADDRESS, and DATE.

Wisconsin Form W706 writing process clarified (step 2)

Be extremely careful while filling out I declare that I have made a and NAME, as this is where most people make errors.

3. Throughout this part, have a look at NAME OF INDIVIDUAL OR FIRM, ATTN OR CO, ADDRESS, CITY, STATE, ZIP CODE, and HT R. These will need to be taken care of with greatest accuracy.

Best ways to fill out Wisconsin Form W706 part 3

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