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Form W706 Schedule TC – Tax Computation Schedule
For Estates of Resident and Nonresident Decedents when Decedent's Date of Death is on or after October 1, 2002 through December 31, 2004
Estate of Date of death Date of birth Social security number of decedent
Estate federal Id number (EIN)
1 Line 1 of part 2, federal 706 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1 .
2 Line 3 of part 2, federal 706 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2 .
3a Nontaxable insurance and pensions (see instructions) . . 3a .
COMPUTATION b Exemptions on 12/31/00 . . . . . . . . . . . . . . . . . . . . . . . . . 3b $ 60,000 .
OF
FEDERAL c Add lines 3a and 3b . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3c .
CREDIT 4 Adjusted taxable estate (subtract line 3c from line 2) . . . . . . . . . . . . . . . . . . . . . . . 4 .
5 Compute state credit on line 4 using Table B . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 5 .
6 Percent of property in Wisconsin (from line 4, Form W706) . . . . . . . . . . . . . . . . . . 6%
7 Multiply line 5 by line 6 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 7 .
8 Line 5 of part 2, federal 706 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 8 .
9 Nontaxable insurance and pensions (enter amount from line 3a) . . . . . . . . . . . . . 9 .
10 Taxable amount (subtract line 9 from line 8) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10 .
11 Compute tentative tax on line 10 using Table A . . . . . . . . . . . . . . . . . . . . . . . . . . . . 11 .
COMPUTATION
OF 12 a Line 7 of part 2, federal 706 . . . . . . . . . . . . . . . . . . . . . . 12a .
FEDERAL b Wisconsin unified credit. . . . . . . . . . . . . . . . . . . . . . . . . . 12b $220,550 .
ESTATE TAX
c Add lines 12a and 12b . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 12c .
13 Subtract line 12c from line 11 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 13 .
14 Percent of property in Wisconsin (from line 4, Form W706) . . . . . . . . . . . . . . . . . 14 %
15 Multiply line 13 by line 14 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 15 .
16 Wisconsin Estate Tax (lesser of line 7 or 15, but not less than 0) . . . . . . . . . . . 16 .
Table A – Unified Rate Schedule Table B – Computation of Maximum Credit
Column A Column B Column C Column D for State Death Taxes
Taxable Taxable Tax on Rate of tax (Percent) Column 1 Column 2 Column 3 Column 4
amount amount amount on excess over Adjusted Rate of credit
over not over in Column A amount in Column A taxable estate Adjusted Credit (Percent) on excess
$ 0 $ 10,000 $ 0 18 % equal to or taxable estate on amount over amount
10,000 20,000 1,800 20 more than – less than – in Column 1 in Column 1
20,000 40,000 3,800 22 $ 0 $ 40,000 $ 0 None
40,000 60,000 8,200 24 40,000 90,000 0 0.8 %
60,000 80,000 13,000 26 90,000 140,000 400 1.6
80,000 100,000 18,200 28 140,000 240,000 1,200 2.4
100,000 150,000 23,800 30 240,000 440,000 3,600 3.2
150,000 250,000 38,800 32 440,000 640,000 10,000 4.0
250,000 500,000 70,800 34 640,000 840,000 18,000 4.8
500,000 750,000 155,800 37 840,000 1,040,000 27,600 5.6
750,000 1,000,000 248,300 39 1,040,000 1,540,000 38,800 6.4
1,000,000 1,250,000 345,800 41 1,540,000 2,040,000 70,800 7.2
1,250,000 1,500,000 448,300 43 2,040,000 2,540,000 106,800 8.0
1,500,000 2,000,000 555,800 45 2,540,000 3,040,000 146,800 8.8
2,000,000 2,500,000 780,800 49 3,040,000 3,540,000 190,800 9.6
2,500,000 3,000,000 1,025,800 53 3,540,000 4,040,000 238,800 10.4
3,000,000 ------------- 1,290,800 55 4,040,000 5,040,000 290,800 11.2
Apportionment Factor 5,040,000 6,040,000 402,800 12.0
Gross value of Federal 6,040,000 7,040,000 522,800 12.8
property in Wisconsin State Wisconsin 7,040,000 8,040,000 650,800 13.6
Gross value of total estate X Death = Estate Tax 8,040,000 9,040,000 786,800 14.4
(line 1 of part 2, federal 706) Tax Credit 9,040,000 10,040,000 930,800 15.2
Note: Attach Sch TC to Form W706 10,040,000 --------------- 1,082,800 16.0
HT-006 (R. 12-05) Wisconsin Department of Revenue
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