Instructions for Form 706-GS(T) (Revised July 1999) Generation-Skipping Transfer Tax Return for Terminations Section references are to the Internal Revenue Code unless otherwise noted. Department of the Treasury Internal Revenue Service Paperwork Reduction Act Notice.   We ask for the information on this form to carry out the Internal Revenue laws of the United States. You are required to give us the information. We need it to ensure that you are complying with these laws and to allow us to figure and collect the right amount of tax. You are not required to provide the information requested on a form that is subject to the Paperwork Reduction Act unless the form displays a valid OMB control number. Books or records relating to a form or its instructions must be retained as long as their contents may become material in the administration of any Internal Revenue law. Generally, tax returns and return information are confidential, as required by section 6103. The time needed to complete and file this form will vary depending on individual circumstances. The average estimated time is: If you have comments concerning the accuracy of these estimates or suggestions for making this form simpler, we would be happy to hear from you. You can write to the Tax Forms Committee, Western Area Distribution Center, Rancho Cordova, CA 95743–0001. DO NOT send the form to this address. Instead, see Where To File below. General Instructions Purpose of Form Form 706-GS(T) is used by a trustee to figure and report the tax due from certain trust terminations that are subject to the generation-skipping transfer (GST) tax. When To File Generally, the trustee must file Form 706-GS(T) by April 15th of the year following the calendar year in which the termination occurs. If the due date falls on a Saturday, Sunday, or legal holiday, file on the next business day. If you are not able to file the return by the due date, you may request an extension of time to file by filing Form 2758, Application for Extension of Time To File Certain Excise, Income, Information, and Other Returns. This is not an automatic extension, so be sure to file Form 2758 in adequate time to allow the IRS to consider the application and to reply before the return's regular due date. Where To File File Form 706-GS(T) at the Internal Revenue Service Center indicated below for the state where an estate or gift tax Who Must File In general, the trustee of any trust that has a taxable termination (defined on page 2) must file Form 706-GS(T) for the tax year in which the termination occurred. Trusts Nonexplicit trusts.   An arrangement that has substantially the same effect as a trust will be treated as a trust even though it is not an explicit trust. Examples of such arrangements are insurance and annuity contracts, arrangements involving life estates and remainders, and estates for years. In general, a transfer of property in which the identity of the transferee is conditioned on the occurrence of an event is a transfer in trust. This rule does not apply to a testamentary trust, however, if the event is to occur within 6 months of the transferor's date of death. Nonexplicit trusts do not include decedents' estates. In the case of a nonexplicit trust, the person in actual or constructive possession of the property involved is considered the trustee and is liable for filing Form 706-GS(T). If you are filing this return for a nonexplicit trust, see the instructions for line 1b on page 3. Separate trusts.   You must treat as separate trusts: (a) portions of a trust that are attributable to transfers from different transferors; and (b) substantially separate and independent shares of different beneficiaries in a trust. Alaska, Arizona, California (counties of Alpine, Amador, Butte, Calaveras, Colusa, Contra Costa, Del Norte, El Dorado, Glenn, Humboldt, Lake, Lassen, Marin, Mendocino, Modoc, Napa, Nevada, Placer, Plumas, Sacramento, San Joaquin, Shasta, Sierra, Siskiyou, Solano, Sonoma, Sutter, Tehama, Trinity, Yolo, and Yuba), Colorado, Idaho, Montana, Nebraska, Nevada, North Dakota, Oregon, South Dakota, Utah, Washington, Wyoming Ogden, UT 84201 Form Recordkeeping Learning about the law or the form Preparing the form Copying, assembling, and sending the form to the IRS California (all other counties), Hawaii Fresno, CA 93888 706-GS(T) 40 min. 29 min. 32 min. 20 min. Schedule A 13 min. 17 min. 38 min. 20 min. Schedule B 13 min. 4 min. 20 min. 20 min. return of the settlor must be filed to report the most recent transfer to the trust. If the settlor is (or was at death) a nonresident citizen or alien, mail it to the Internal Revenue Service Center, Philadelphia, PA 19255, U.S.A. Florida, Georgia, South Carolina Atlanta, GA 39901 New Jersey, New York (New York City and counties of Nassau, Rockland, Suffolk, and Westchester) Holtsville, NY 00501 New York (all other counties), Connecticut, Maine, Massachusetts, New Hampshire, Rhode Island, Vermont Andover, MA 05501 Illinois, Iowa, Minnesota, Missouri, Wisconsin Kansas City, MO 64999 Delaware, District of Columbia, Maryland, Pennsylvania, Virginia Philadelphia, PA 19255 Indiana, Kentucky, Michigan, Ohio, West Virginia Cincinnati, OH 45999 Kansas, New Mexico, Oklahoma, Texas Austin, TX 73301 Alabama, Arkansas, Louisiana, Mississippi, North Carolina, Tennessee Memphis, TN 37501 Cat. No. 10829R