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Wisconsin Inheritance Tax

Wisconsin inheritance tax is not in existence any more. However, the government of Wisconsin enforces an estate tax. The estate tax in Wisconsin has replaced the inheritance tax. A new condition was clubbed with the rules and regulations regarding Wisconsin estate tax, which applies to dates of death falling in the range of 1st October 2002 to 31st December 2007.
With effect from 31st December 2000 the federal state death taxes credit, as well as the federal estate tax for decedents whose dates of death fall within the above dates should be transposed subject to the rules and regulations of the federal estate tax. In case of dates of death falling after 1st October 2007, the federal state death taxes credit, as well as the federal estate tax should be calculated subject to the rules and regulations of the federal estate tax effectively from the date of death of the deceased person.

This suggests that the filing requirement for the purpose of filing the estate tax return in Wisconsin would be applicable for estate values of $1000,000 for dates of death falling in the range of 1st January 2002 to 30th September 2002 and it will revert to the estate value of $675,000 for dates of death falling in the range of 1st October 2002 to 31st December 2007.

Hence, the filing requirement for Wisconsin estate tax is different from the filing requirement for federal estate tax, which applies for estate value of $1000,000 for the years 2002 and 2003 and increases gradually for the coming years. This is going to happen in spite of the fact that there is no requirement for filing a return for the federal estate tax.

The form, which is prescribed for filing estate tax return in Wisconsin, is known as the W706 form.
Contact Details:
Wisconsin Department of Revenue
Division of Taxpayer Services
2135 Rimrock Road, P.O. Box 8949, Mail Stop 5-77
Madison, WI 53708-8949
Telephone: (608) 266-2772
Fax: (608) 267-1030




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Last Updated on : 5th July 2013

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