Free December 2005 HT-006 Wisconsin Form W706, Schedule TC - Tax Computation Schedule for Estates of Resident and Nonresident Deceden - Wisconsin


File Size: 19.2 kB
Pages: 1
Date: January 11, 2006
File Format: PDF
State: Wisconsin
Category: Tax Forms
Author: revelc
Word Count: 624 Words, 4,373 Characters
Page Size: Letter (8 1/2" x 11")
URL

http://www.dor.state.wi.us/forms/estate/ht-006.pdf

Download December 2005 HT-006 Wisconsin Form W706, Schedule TC - Tax Computation Schedule for Estates of Resident and Nonresident Deceden ( 19.2 kB)


Preview December 2005 HT-006 Wisconsin Form W706, Schedule TC - Tax Computation Schedule for Estates of Resident and Nonresident Deceden
Form W706
Estate of

Schedule TC ­ Tax Computation Schedule
Date of death Date of birth Social security number of decedent Estate federal Id number (EIN)

For Estates of Resident and Nonresident Decedents when Decedent's Date of Death is on or after October 1, 2002 through December 31, 2004

1 Line 1 of part 2, federal 706 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2 Line 3 of part 2, federal 706 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3 a Nontaxable insurance and pensions (see instructions) . . 3a COMPUTATION OF FEDERAL CREDIT b Exemptions on 12/31/00 . . . . . . . . . . . . . . . . . . . . . . . . . 3b .

1 2

. .

$ 60,000 .
3c 4 5 6 7 8 9 . . . . . . . . %

c Add lines 3a and 3b . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4 Adjusted taxable estate (subtract line 3c from line 2) . . . . . . . . . . . . . . . . . . . . . . . 5 Compute state credit on line 4 using Table B . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 6 Percent of property in Wisconsin (from line 4, Form W706) . . . . . . . . . . . . . . . . . . 7 Multiply line 5 by line 6 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 8 Line 5 of part 2, federal 706 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 9 Nontaxable insurance and pensions (enter amount from line 3a) . . . . . . . . . . . . .

10 Taxable amount (subtract line 9 from line 8) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10 11 Compute tentative tax on line 10 using Table A . . . . . . . . . . . . . . . . . . . . . . . . . . . . 11 COMPUTATION OF FEDERAL ESTATE TAX 12 a Line 7 of part 2, federal 706 . . . . . . . . . . . . . . . . . . . . . . 12a b Wisconsin unified credit . . . . . . . . . . . . . . . . . . . . . . . . . . 12b .

$220,550 .
. . % . .

c Add lines 12a and 12b . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 12c 13 Subtract line 12c from line 11 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 13 14 Percent of property in Wisconsin (from line 4, Form W706) . . . . . . . . . . . . . . . . . 14 15 Multiply line 13 by line 14 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 15 16 Wisconsin Estate Tax (lesser of line 7 or 15, but not less than 0) . . . . . . . . . . . 16

Table A ­ Unified Rate Schedule
Column A Taxable amount over
$ 0 10,000 20,000 40,000 60,000 80,000 100,000 150,000 250,000 500,000 750,000 1,000,000 1,250,000 1,500,000 2,000,000 2,500,000 3,000,000

Column B Taxable amount not over
$ 10,000 20,000 40,000 60,000 80,000 100,000 150,000 250,000 500,000 750,000 1,000,000 1,250,000 1,500,000 2,000,000 2,500,000 3,000,000 -------------

Column C Tax on amount in Column A
$ 0 1,800 3,800 8,200 13,000 18,200 23,800 38,800 70,800 155,800 248,300 345,800 448,300 555,800 780,800 1,025,800 1,290,800

Column D Rate of tax (Percent) on excess over amount in Column A
18 % 20 22 24 26 28 30 32 34 37 39 41 43 45 49 53 55

Table B ­ Computation of Maximum Credit for State Death Taxes
Column 1 Column 2 Column 3 Adjusted taxable estate Adjusted Credit equal to or taxable estate on amount more than ­ less than ­ in Column 1
$ 0 40,000 90,000 140,000 240,000 440,000 640,000 840,000 1,040,000 1,540,000 2,040,000 2,540,000 3,040,000 3,540,000 4,040,000 5,040,000 6,040,000 7,040,000 8,040,000 9,040,000 10,040,000 $ 40,000 90,000 140,000 240,000 440,000 640,000 840,000 1,040,000 1,540,000 2,040,000 2,540,000 3,040,000 3,540,000 4,040,000 5,040,000 6,040,000 7,040,000 8,040,000 9,040,000 10,040,000 --------------$ 0 0 400 1,200 3,600 10,000 18,000 27,600 38,800 70,800 106,800 146,800 190,800 238,800 290,800 402,800 522,800 650,800 786,800 930,800 1,082,800

Column 4 Rate of credit (Percent) on excess over amount in Column 1
None 0.8 % 1.6 2.4 3.2 4.0 4.8 5.6 6.4 7.2 8.0 8.8 9.6 10.4 11.2 12.0 12.8 13.6 14.4 15.2 16.0

Apportionment Factor
Gross value of property in Wisconsin Gross value of total estate X (line 1 of part 2, federal 706) Note: Attach Sch TC to Form W706
HT-006 (R. 12-05)

Federal State Death Tax Credit

=

Wisconsin Estate Tax

Wisconsin Department of Revenue