Georgia Inheritance Tax
As per section 2011 of the Internal Revenue Code or IRC, the estate tax amount is equal to the amount of state death taxes credit. The payment of estate taxes in Georgia can be implemented to decrease the amount of estate taxes which are outstanding to the Internal Revenue Services (IRS) or to the Federal estate tax.
The outstanding amount can be determined by consulting the directions for preparing the Federal Form 706. In Georgia, there is no separate form for filing estate tax returns.
For the following conditions, a copy of Form 706 or United States Estate Tax Return has to be filed:
- The Internal Revenue Code is permitting a state death taxes credit for the year in which the date of death falls. If the Internal Revenue Code does not permit a state death taxes credit for the year in which the date of death falls, then there is no requirement for a duplicate return to be filed for the deceased.
- If the deceased was a Georgian resident or the deseased was not residing in Georgia, but possessed property based in Georgia.
- There is no requirement for filing the Georgia estate tax if there is no requirement to file an estate tax return with the Internal Revenue Service.
A copy of Form 706 has to be filed on the same date on which the original form 706 is filed with the Internal Revenue Service. The forms are available from the IRS.
Georgia Department of Revenue
Estate Tax Section
1800 Century Center Boulevard, N.E.
Atlanta, GA 30345-3205
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Last Updated on : 5th July 2013