Estate Tax Return 2010 M706 For estates of a decedent whose date of death is in calendar year 2010 Check box if this is an amended return Decedent’s first name, middle initial Last name Decedent’s Social Security number Type or print Last home address (street, apartment, route) City State Executor’s first name, middle initial Last name Zip code Date of death Minnesota probate county and file number Executor’s Social Security number Executor’s phone Name of firm (if applicable) Check if you are electing to make an irrevocable QTIP election: Address (street, apartment, route) City State Zip code Check if you received an extension for paying tax: Estates of Minnesota residents Estates of residents of Minnesota 1 Tentative Minnesota estate tax before deductions (determine from instructions, page 4) . . . . . . . 1 2 Gross value of all real and tangible personal property located in other states (attach itemized list) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2 3 Federal total gross estate (from line 1 of federal Form 706) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3 4 Ratio of property in other states to total gross estate (divide line 2 by line 3, and round the result to five decimal places) . . . . . . . . . . . . . . . . . . . . . . . . . 4 Round amounts to the nearest whole dollar. . 5 Multiply line 1 by line 4 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 5 Estates of nonresidents 6 Minnesota estate tax (subtract line 5 from line 1). Skip lines 7–11 and continue with line 12 . . . . 6 Estates of nonresidents of Minnesota 7 Tentative Minnesota estate tax before deductions (determine from instructions, page 5) . . . . . . . 7 8 Gross value of all real and tangible personal property in Minnesota (attach itemized list) . . . . . . . 8 9 Federal total gross estate (from line 1 of federal Form 706) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 9 10 Ratio of property in Minnesota to total gross estate (divide line 8 by line 9, and round the result to five decimal places) . . . . . . . . . . . . . . . . . . . . . . . . . 10 11 Minnesota estate tax (multiply line 7 by line 10) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 11 . All estates 12 Total payments, including any extension payments, made prior to filing this return . . . . . . . . . . . . . 12 13 If line 6 or line 11 is more than line 12, subtract line 12 from line 6 or line 11 . . . . . . . . . . . . . . . . 13 All estates 14 Penalties (determine from instructions, page 5) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 14 15 Interest, if any, from: (complete worksheet on back) . . . . 15 to: 16 AMOUNT DUE. Add lines 13, 14 and 15. check (attach payment voucher), or electronic (see options, page 2) . . 16 Check payment method: 17 REFUND. If your total payments are more than the sum of Minnesota estate tax, penalty and interest, subtract the amounts on lines 6, 11, 14 and 15 from line 12 . . . . . . . . . . . . . . . . . . . 17 18 To have your refund direct deposited, enter the following. Otherwise, you will receive a check. Account type: Routing number Account number (must be an account not associated with any foreign bank) Savings I declare that this return is correct and complete to the best of my knowledge and belief. Signature of executor Sign here Stock No. 6010706 (Rev. 3/11) Checking Date I have appointed a power of attorney on the back of this form. Signature of executor Date Signature of preparer, other than executor Signature of executor Date PTIN Daytime phone Date You must attach a copy of the federal Form 706, required schedules, death certificate and all supporting documentation. Mail to: Minnesota Estate Tax, Mail Station 1315, St. Paul, MN 55146-1315 American LegalNet, Inc. www.FormsWorkFlow.com M706 page 2 2010 Estate Tax Return (continued) Worksheet for determining interest on line 15 Interest accrues on any unpaid tax and penalty beginning nine months from the decedent’s date of death. Interest calculations 1 Amount of tax not paid within nine months after the decedent’s date of death . . . . . . . . . . . . . . . . . 1 2 Unpaid penalty, if any, from line 14 on the front of this form . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2 3 Unpaid tax and penalty on which interest will accrue (add step 1 and step 2) . . . . . . . . . . . . . . . . . . . 3 4 Number of days that your payment of tax and/or penalty is late. If the days fall in more than one calendar year, you must determine the number of days separately for each year . . . . . . . . . . . . . . . . . . 4 Year: 2010 5 Divide step 4 by 365. Round the result to five decimal places . . . . . . . . . . . . . 5 . . Year: 2011* 6 Multiply step 3 by the result in step 5 for each year . . . . . . . . . . . . . . . . . . . . . . 6 7 Interest rate in effect for the calendar year . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 7 3% 8 Multiply step 6 by the interest rate in step 7 for each year . . . . . . . . . . . . . . . . . 8 9 Add the amounts in step 8. Also enter the result on line 15 of Form M706 . . . . . . . . . . . . . . . . . . . . . 3% 9 Power of Attorney You may designate another person to act on your behalf or perform any act you can perform with respect to the Minnesota taxes of the decedent’s estate when dealing with the department. To designate power of attorney, provide the information below and check the box after your signature on the front of this form. Appointee Note: The department does not send tax refunds to the designated appointee unless you make an election in writing. It is your responsibility to keep your appointee informed of your tax matters. If you want the department to send any and all notices, including tax refunds, directly to your appointee rather than you, attach Form REV184A, Election for Power of Attorney, to this form. I, the executor (personal representative) of the decedent’s estate, appoint the person named below as Attorney-in-Fact to represent the estate before the Minnesota Department of Revenue. The appointee is authorized to provide and receive private and nonpublic information regarding the Minnesota taxes of the estate, and to perform any and all acts that I can perform with regard to the state taxes of the estate, unless noted below. Name of person (appointee) given power of attorney Daytime phone Fax number Name of firm (if applicable) Expiration date (If a date is not provided, this power of attorney is valid until revoked in writing): Address (street, apartment, route) City State Zip code Check this box to revoke all powers of attorney previously filed by you in connection with the Minnesota taxes of the decedent’s estate: Excluded powers I am excluding the following powers (please list): American LegalNet, Inc. www.FormsWorkFlow.com