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Fill Out Your Wisconsin W706 Template

The Wisconsin W706 form is an essential document used for reporting estate taxes in the state of Wisconsin. It is required for both resident and nonresident decedents whose date of death falls on or after January 1, 1992. By completing this form, personal representatives can ensure compliance with state tax obligations related to the decedent's estate.

Fill Out Your Wisconsin W706 Online

Fill Out Your Wisconsin W706 Online

Structure

The Wisconsin W706 form is an essential document for handling estate taxes in the state, applicable to both resident and nonresident decedents whose date of death falls on or after January 1, 1992. This form serves as the Wisconsin Estate Tax Return and is crucial for reporting the estate's value and calculating the associated tax obligations. Key details required on the W706 include the decedent's personal information, such as their name, date of birth, and Social Security number, along with the address at the time of death. It also asks for information about the surviving spouse and the type of probate proceeding involved. The form guides users through a series of computations to determine the gross value of property in Wisconsin and the total estate value, ultimately leading to the calculation of the Wisconsin estate tax. Additionally, the W706 addresses potential penalties and interest that may apply. A declaration section at the end ensures that the personal representative or preparer affirms the accuracy of the information provided. Completing this form accurately is vital for compliance with state tax laws and for ensuring a smooth estate settlement process.

Form Example

												For Department Use Only						TO VAL
	WISCONSIN ESTATE TAX RETURN											AUDITOR NUMBER
FORM	WISCONSIN ESTATE TAX RETURN
FORM
W706	For Estates of Resident and Nonresident Decedents when											■ 7AU	■ 11OP			■ 12OP
		Date of Death is on or after January 1, 1992										■ 8AU	■ 11CL			■ 12CL

ESTATE OF						DATE OF DEATH			DATE OF BIRTH					SOCIAL SECURITY NUMBER

ADDRESS OF DECEDENT AT DATE OF DEATH								CITY						STATE			ZIP CODE

FIRST NAME OF SURVIVING SPOUSE				COUNTY				TYPE OF PROCEEDING						PROBATE CASE NUMBER

Will a closing certificate for fiduciaries be needed to close the														ESTATES FEDERAL ID NUMBER (EIN)
							■	Yes		■		No
estate with the circuit court?							■	Yes		■		No
estate with the circuit court?

			Attach Complete Copy of Federal Estate Tax Return – Form 706
					Make Checks Payable to and Mail to:
					Wisconsin Department of Revenue
					Post Office Box 8904
					Madison, Wisconsin 53708-8904
					Telephone Number (608) 266-2772
		Phone help for hearing-impaired people with TDD equipment (608) 267-1049
	1	Total state death credit allowable (from Federal Form 706)											.	. .	1			.
COMPUTATION	2	Gross value of property in Wisconsin .					. . . . . . .	. . . .	. . .	. .	.	. . . . . . . . . .	.	. .	2			.
OF	3	Gross value of total estate (Federal Form 706)													3			.
WISCONSIN	3	Gross value of total estate (Federal Form 706)						. . . .	. . .	. .	.	. . . . . . . . . .	.	. .	3			.
WISCONSIN	4	Percent of property in Wisconsin (line 2 divided by line 3)													4			%
ESTATE TAX	4	Percent of property in Wisconsin (line 2 divided by line 3)									.	. . . . . . . . . .	.	. .	4			%
	5	Wisconsin estate tax (line 1 multiplied by line 4)								. .	.	. . . . . . . . . .	.	. .	5			.
INTEREST	6	Interest @ 12% (from					to				) (see instructions)				6			.
AND	7	Penalty (see instructions)													7			.
PENALTY	7	Penalty (see instructions)					. . . .	. . .	. .	.	. . . . . . . . . .	.	. .		7			.
PENALTY	8	TOTAL TAX, INTEREST AND PENALTY (line 5 plus lines 6 and 7)													8			.
	8	TOTAL TAX, INTEREST AND PENALTY (line 5 plus lines 6 and 7)											.	. .	8			.
TAX DUE	9	Previous payment (enter date									)	. . . . . . . . . .	.	. .	9			.
OR	10	If line 9 is less than line 8, subtract line 9 from line 8 . . .								. .	.	. Balance Due			10			.
REFUND	11	If line 9 is greater than line 8, subtract line 8 from line 9										. . . . . . Refund			11			.
	11									. .	.	. . . . . . Refund			11			.

DECLARATION of personal representative, special administrator, trustee, distributee or other person signing Form W706.

I declare that I have made a diligent and careful search for property of every kind owned by the decedent, and that this return has been examined by me and is to the best of my knowledge, true, correct and complete. If this return is prepared by anyone other than the person filing this return, the preparer’s separate declaration is based on all information of which he or she has any knowledge.

NAME

ADDRESS

SIGN HERE

DESIGNATION

DATE

TELEPHONE NUMBER

( )

Person preparing the return (individual and firm) if other than the preceding signer.

NAME

ADDRESS

SIGN HERE

DATE

TELEPHONE NUMBER

( )

The certificate determining Wisconsin estate tax will be mailed to the individual/firm at the address shown below:

NAME OF INDIVIDUAL OR FIRM

ATTN OR C/O

ADDRESS

CITY

STATE

ZIP CODE

HT-005 (R. 12-95)

➤ PDF File

Document Specs

Fact Name	Description
Form Purpose	The Wisconsin W706 form is used for filing the estate tax return for both resident and nonresident decedents.
Applicable Law	This form is governed by Wisconsin Statutes Chapter 72, which outlines the state's estate tax regulations.
Date of Death Requirement	The form applies to estates where the date of death is on or after January 1, 1992.
Federal Estate Tax Return	Filing requires the attachment of a complete copy of the Federal Estate Tax Return, Form 706.
Filing Instructions	Payments should be made to the Wisconsin Department of Revenue and sent to their designated address in Madison, WI.

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