Correction to Instructions for Form 706-NA --07-MAR-2014
If you downloaded the August 2013 revision of the Instructions for Form 706-NA (United States Estate (and Generation-Skipping Transfer) Tax Return) before February 28, 2014, please note the following.
On page 1, under “What's New,” we made changes to the following sentences:
- The maximum estate tax rate of 35% was changed to 40%.
- The applicable rate for generation-skipping transfers of 35% was changed to 40%.
The tax rates are based on PL 112-240, subsection (c), and PL 111-312, subsection (b)(2).
The corrected version of the Instructions for Form 706-NA is available for download.