Individuals use IRS Form 706 to list assets that are subject to estate taxes. The form is due within nine months following a person's death, and the tax payment must be made in cash. The payment made with this form can exceed half of an estate. 

 

The form uses the following 21 schedules for describing assets in detail: 

 

Schedule A	Real Estate
Schedule A-1	Sec 2032A Valuation
Schedule B	Stocks and Bonds
Schedule C	Mortgages, Notes, and Cash
Schedule D	Insurance on Decedent's Life
Schedule E	Jointly Owned Property
Schedule F	Other Property
Schedule G	Transfers During Life
Schedule H	Powers of Appointment
Schedule I	Annuities
Schedule J	Funeral Expenses
Schedule K	Debts
Schedule L	Losses During Administration
Schedule M	Bequests to Surviving Spouse
Schedule O	Charitable Bequests
Schedule P	Foreign Death Taxes
Schedule Q	Credits for Prior Transfers
Schedule Q-w	Credits worksheet
Schedule R	Generation-Skipping Transfer Tax
Schedule R-1	Generation-Skipping Transfer Tax (trust)
Schedule T	Deduction for Family-owned Business
Schedule U	Tax Exclusion for Land Value

 

 

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