Instructions for Form 706-NA - Introductory Material


Table of Contents

What's New

  • The provision for estates of nonresident aliens allowing for an exemption of a portion of the decedent's stock in a regulated investment company from U.S. estate tax was extended by the Tax Relief, Unemployment Insurance Reauthorization and Job Creation Act of 2010 (Act) at section 726(a). The provision will apply to estates of nonresident alien decedents dying on or before December 31, 2011. This exemption expired on December 31, 2011. Thus, it is not available to decedents dying after that date.

  • The Act also included several other provisions affecting the Form 706-NA. They are:

    1. The maximum estate tax rate is 40% (section 2001(c)).

    2. The applicable rate for generation-skipping transfers is 40% (section 2001(c)).

    3. Prior gifts must be calculated at the rate in effect at the decedent's date of death (Act section 302(d)(1)).

    • Executors must provide documentation of their status.

    • These instructions are for use with the August 2013 revision of Form 706-NA.

    • The tax rates are based on Pub. L. 112-240, subsection (c), and Pub. L. 111-312, subsection (b)(2).

Future Developments

For the latest information about developments related to Form 706-NA and its instructions, such as legislation enacted after they were published, go to www.irs.gov/form706-NA.


More Online Instructions