Instructions for Form RI-706 Estate Tax Return - Date of Death on or After 1 / 1 / 2015 - Rhode Island

Form RI-706 Estate Tax Return - Date of Death on or After 1/1/2015 - Rhode Island

This document contains official instructions for Form RI-706 , Estate Tax Return - Date of Death on or After 1/1/2015 - a form released and collected by the Rhode Island Department of Revenue - Division of Taxation. An up-to-date fillable Form RI-706 is available for download through this link.

FAQ

Q: What is Form RI-706?A: Form RI-706 is the Estate Tax Return specific to Rhode Island.

Q: What is the requirement for using Form RI-706?A: Form RI-706 must be used for reporting estates with a Date of Death on or after 1/1/2015 in Rhode Island.

Q: What is the purpose of Form RI-706?A: Form RI-706 is used to calculate and report the estate tax owed to the state of Rhode Island.

Q: When should Form RI-706 be filed?A: Form RI-706 should be filed within 9 months from the Date of Death.

Q: Is there an extension available for filing Form RI-706?A: Yes, an extension of time to file may be requested, but the tax payment must still be made within the original deadline.

Q: Are there any supporting documents required with Form RI-706?A: Yes, the Form RI-706 must be accompanied by a copy of Federal Form 706, and other related schedules and documents.

Q: What happens after Form RI-706 is filed?A: After filing, the Rhode Island Division of Taxation will review the return and notify the estate of any taxes owed.

Q: Is there an estate tax exemption in Rhode Island?A: Yes, there is a state estate tax exemption in Rhode Island, but it is subject to certain limitations.