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    guscusi's Avatar
    guscusi Posts: 65, Reputation: 1
    Junior Member
    		  
    #1

    Mar 25, 2018, 12:20 PM
    Estate tax
    My father, a non-resident alien passed away and I have to file 706-NA for $65,000 cash he had in a US brokerage account. I understand that 60,000 is not taxable.


    1. Table A—Unified Rate Schedule: looks like he owed 65,000 - 60,000: 5,000 x 18%. Is this correct? (page 5 instructions).


    2. Please explain in this case how the unified credit is calculated. (13,000?? )


    3. How do I file this online? I guess I cannot use MY online payment account because it will be toed to my SS #, not my father's. Can I send the payment by mail? Where to?




    Thanks you!


    Gus
    AtlantaTaxExpert's Avatar
    AtlantaTaxExpert Posts: 21,836, Reputation: 846
    Senior Tax Expert
    		  
    #2

    Mar 25, 2018, 12:32 PM
    Gus,

    RUN, Don't Walk, to the nearest tax professional with experience filing estate tax returns. This return is NOT for amateurs, even with tax software.

    I do not have time to check the IRS pubs, but it seems to me that your father's estate should not even have to file, not for just $65K.

    ATE
    talaniman's Avatar
    talaniman Posts: 54,327, Reputation: 10855
    Expert
    		  
    #3

    Mar 25, 2018, 01:15 PM
    https://www.irs.gov/individuals/inte...te-tax-returns

    Like ATE said, RUN!
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