Get Iowa 706

The Iowa 706 form, also known as the Iowa inheritance tax return, is essential for the fiduciary of an estate to report tax liabilities. This guide provides clear, step-by-step instructions on how to accurately complete the form online, ensuring compliance with Iowa tax regulations.

Follow the steps to efficiently complete the Iowa 706 form online.

1. Click 'Get Form' button to obtain the Iowa 706 and access it within your online document editor.
2. Begin by providing the general information relevant to the decedent, including name, date of death, and the estate's executor.
3. Fill out the gross estate information by detailing all assets, and ensure you include sections A through I or relevant probate schedules.
4. Report any liabilities that can be deducted from the gross estate, as these will affect the net estate calculation.
5. Complete the computation of shares, ensuring to list each beneficiary's full name, age, social security number, and their relationship to the decedent.
6. Calculate and report the inheritance tax using the prescribed rate schedule applicable to the net share for each beneficiary.
7. Review the form to confirm all information is accurate and complete before submitting it.
8. Upon completion, users can save changes, download a copy of the return, print, or share the completed form as needed.

Start completing your Iowa 706 form online today to ensure timely compliance with tax regulations.