Nevada Estate Taxes

The Nevada estate tax is designed to absorb the federal estate tax credit for state death taxes. No additional estate tax is imposed.

Deductions. Although not specifically provided for by statute, the federal estate tax deductions are essentially built into Nevada's estate tax laws.

Returns. Nevada does not utilize its own form for the filing of its estate tax. Instead, a copy of the first four pages of federal Form 706 and any related extensions must be filed withe the Nevada Department of Taxation.

The personal representative of a decedent's estate must file the necessary information in Nevada within nine months of the decedent's death if a federal estate tax return is required. If a federal extension is obtained, a similar extension is granted for the Nevada return. If an amended federal return is filed, the personal representative must file an amended Nevada return, together with a copy of the amended federal return, at the same time.

Any Nevada estate taxes owed are due within nine months after the decedent's death. If an amended return is filed, any Nevada estate tax shortfall must be made up within 60 days after the final determination of the federal estate tax due.

Generation-skipping transfer tax. Nevada imposes a generation-skipping transfer tax that is equal to the federal credit.