Bureau Information

• About Us
• Compliance
• Fuel Tax
• Income/Estate Tax
• Property Tax
• Sales/Use & Service Provider Tax
• Other Taxes
• Tax Relief
• FAQ's
  • Sales Tax
  • Income Tax
  • 1040 FastFile
  • Partnerships & S Corporations
  • Pass-through Entity Withholding
  • Estate Tax
  • Tax and Rent Refund
  • Income Tax Withholding/ Unemployment Contributions
  • Business Equipment Tax Reimbursement
  • Form 1099 from Maine Revenue Services
  • Quality Child Care Investment Tax Credit
  • Insurance Taxes
  • Real Estate Withholding
• Useful Links

09. Does Maine conform to the federal law and regulations regarding the alternate valuation date? If so, does the conformity extend to gap estates, those estates taxable to Maine, but not federally taxable?

Yes. Maine accepts the federal alternate valuation date, even for gap estates. Alternate valuation is not automatic. It must be elected by checking the box for the alternate valuation election on page 2 of the federal Form 706. When filing the Maine estate tax return, a copy of the entire federal return (or completed pro forma return if a gap estate) must be attached. Also, write “Alternate Valuation Date Elected” across the top of Form 706ME.

(Rev. 10/24/06)

Maine.gov | DAFS Home| MRS Home| Privacy Policy