INSTRUCTIONS: UNITED STATES ESTATE (AND GENERATION-SKIPPING TRANSFER) TAX RETURN (Form 706) Those who must pay estate tax on the value of an estate left by an American decedent should file a form 706. This document is found on the website of the Internal Revenue Service. United States Estate (And Generation-Skipping Transfer) Tax Return 706 Step 1: Provide all requested information about the decedent and estate executor on lines 1a through 10 of Part 1. United States Estate (And Generation-Skipping Transfer) Tax Return 706 Step 2: To complete lines 1 and 2, you will first need to complete Part 5, located on the fifth page. Line 12 of that section is transferred to line 1 here, while the value of line 22 there is transferred to line 2 here. United States Estate (And Generation-Skipping Transfer) Tax Return 706 Step 3: Subtract the value of line 2 from the value of line 1. Enter the resulting difference on line 3a. United States Estate (And Generation-Skipping Transfer) Tax Return 706 Step 4: Enter your state death tax deduction on line 3b. Subtract this from line 3a and enter the resulting difference on line 3c. This is your taxable estate value. United States Estate (And Generation-Skipping Transfer) Tax Return 706 Step 5: Adjust your tax liability by the value of adjusted taxable gifts made from 1977 onwards on lines 4 and 5 as instructed. United States Estate (And Generation-Skipping Transfer) Tax Return 706 Step 6: Consult Table A in the separate instruction booklet to determine your tentative tax owed on line 6. United States Estate (And Generation-Skipping Transfer) Tax Return 706 Step 7: Document applicable credits on lines 7 through 14. Total these on line 15. United States Estate (And Generation-Skipping Transfer) Tax Return 706 Step 8: Subtract the value of line 15 from the value of line 12 and enter the resulting difference on line 16. This is your net estate tax due. United States Estate (And Generation-Skipping Transfer) Tax Return 706 Step 9: Lines 17 through 20 contain instructions for the final adjustments to be made to your liability. United States Estate (And Generation-Skipping Transfer) Tax Return 706 Step 10: Answer all questions about elections taken by the executor in Part 3 on the second page. United States Estate (And Generation-Skipping Transfer) Tax Return 706 Step 11: Answer all generation information questions in Part 4.