Form OR-706 (150-104-001) Oregon Estate Transfer Tax Return - Oregon

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Instructions for Form OR-706, 150-104-001 Oregon Estate Transfer Tax Return - Oregon

What Is Form OR-706 (150-104-001)?

This is a legal form that was released by the Oregon Department of Revenue - a government authority operating within Oregon. Check the official instructions before completing and submitting the form.

FAQ

Q: What is Form OR-706?A: Form OR-706 is the Oregon Estate Transfer Tax Return.

Q: What is the purpose of Form OR-706?A: The purpose of Form OR-706 is to report and pay the Oregon estate transfer tax.

Q: Who needs to file Form OR-706?A: Form OR-706 needs to be filed by the personal representative of the estate.

Q: When should Form OR-706 be filed?A: Form OR-706 should be filed within nine months after the date of death.

Q: What information is required on Form OR-706?A: Form OR-706 requires information about the deceased person, the estate, and the estate beneficiaries.

Q: Are there any exemptions or deductions available for the Oregon estate transfer tax?A: Yes, there are exemptions and deductions available for the Oregon estate transfer tax. You should consult the instructions for Form OR-706 or seek professional tax advice for more information.

Q: Is there a filing fee for Form OR-706?A: Yes, there is a filing fee for Form OR-706. The current fee can be found in the instructions for the form or by contacting the Oregon Department of Revenue.

Q: What happens if Form OR-706 is filed late?A: If Form OR-706 is filed late, penalties and interest may be assessed.

Q: Is Form OR-706 the same as the federal estate tax return?A: No, Form OR-706 is specific to the Oregon estate transfer tax and is separate from the federal estate tax return (Form 706).