Skip to main content
Form 706-GS(D-1)
Search
Search Trust Tax (ONESOURCE) Support Help and Support.

This article applies to:

Processing Form 706-GS(D-1)

Form 706-GS(D-1) is processed by submitting a tax return processing request from a register or the account binder. Processing from a register allows you to select one, some, or all of the accounts in the register to process. Submitting a tax return processing request generates the following for each skip person:
  • Copy A (the IRS copy), which can be found in the Miscellaneous section of tax return print file.
  • Copy B (the distributee copy), which can be found in the Beneficiary section of tax return print file and the recipient package.
Copy A must be paper-filed with the IRS. Processing requests generate a tax return print file, which can be printed locally. If you want to print and bulk ship the tax return print file to you, you can indicate the bulk ship print method while you are submitting your processing request or you can submit a subsequent print request after processing. For Copy B, you can use Mail Service to print and ship the recipient package directly to the skip person.
note
The recipient's 1041 Schedule K-1 does not include any information about generation-skipping transfers, the GST tax or Form 706-GS(D-1).

Processing from a Register

To submit a tax return processing request from a register:
  1. From the Register Listing page, select Run for the register that includes the accounts you want to process.
  2. Select the check box in the first column for each account you want to process. If you want to select all of the accounts in the register, do not select any check boxes.
  3. Select the
    Process
     subtopic.
  4. Select
    Tax Return
     from the
    Request
     drop-down list.
  5. If you want to print the tax return print file or recipient package as part of the processing request, select the print method to use under the
    Shipping
     collapsible section.
  6. Select
    Process
    .

Processing from the Account Binder

To submit a tax return processing request from the account binder:
  1. Open the trust.
  2. Select
    Process
     from the
    Account Action
     drop-down list.
  3. The Process pop-up window displays. Notice that
    Tax Return
     is already selected in the
    Request
     drop-down list.
  4. If you want to print the tax return print file or recipient package as part of the processing request, select the print method to use under the
    Shipping
     collapsible section.
  5. Select
    Process
    .

Reviewing the Processing Status

After the batch is submitted, you can use the Request Status and History page to review the processing status. To access the Request Status and History page, you can:
  • Select
    Request Status and History
     from the
    Register Action
     or
    Account Action
     drop-down list.
  • Select
    HOME
     then
    Admin
    .
The batch is listed under
Current Requests
 collapsible section until the batch completes. After the batch completes, the
# Errors
 column in the
Request History
 collapsible section identifies the number of accounts that were not submitted for processing. If the number in the
# Errors
 column is not zero, the
Request Errors
 collapsible section will show the accounts that were not submitted for processing.
After your accounts are submitted for processing, you can use the
1041 Needs Reprocessing
 register to determine whether any accounts must be reprocessed because of an error that caused processing to stop.