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This version of the form is not currently in use and is provided for reference only. Download this version of
Form 706ME Worksheet D
for the current year.
Form 706ME Worksheet D Credit for Estate Tax Paid to Other Jurisdiction - Maine
What Is Form 706ME Worksheet D?
This is a legal form that was released by the Maine Department of Administrative and Financial Services - a government authority operating within Maine.The document is a supplement to Form 706ME, Worksheet D - Credit for Estate Tax Paid to Other Jurisdictions by Resident Estates. As of today, no separate filing guidelines for the form are provided by the issuing department.
FAQ
Q: What is Form 706ME?A: Form 706ME is a tax form used in the state of Maine to calculate and report estate tax.
Q: What is Worksheet D on Form 706ME?A: Worksheet D on Form 706ME is used to calculate the credit for estate tax paid to another jurisdiction, such as another state or country.
Q: Who is eligible for the credit for estate tax paid to other jurisdictions in Maine?A: Executors or administrators of an estate that paid estate tax in another jurisdiction may be eligible for the credit in Maine.
Q: How is the credit for estate tax paid to other jurisdictions calculated in Maine?A: The credit is calculated by multiplying the Maine estate tax liability by the ratio of the estate tax paid to the other jurisdiction to the total taxable estate.
Q: Can the credit for estate tax paid to other jurisdictions exceed the Maine estate tax liability?A: No, the credit cannot exceed the Maine estate tax liability.
Q: What documentation is needed to claim the credit for estate tax paid to other jurisdictions in Maine?A: Documentation proving the payment of estate tax in the other jurisdiction, such as an official tax receipt or certificate, is typically required.
Q: Is the credit for estate tax paid to other jurisdictions refundable in Maine?A: Yes, if the credit exceeds the Maine estate tax liability, the excess may be refunded.
Q: Are there any time limits for claiming the credit for estate tax paid to other jurisdictions in Maine?A: Yes, the credit must be claimed within 3 years from the date of payment of the estate tax to the other jurisdiction.
Form Details:
- Released on August 1, 2021;
- The latest edition provided by the Maine Department of Administrative and Financial Services;
- Easy to use and ready to print;
- Quick to customize;
- Compatible with most PDF-viewing applications;
- Fill out the form in our online filing application.
Download a fillable version of Form 706ME Worksheet D by clicking the link below or browse more documents and templates provided by the Maine Department of Administrative and Financial Services.
