Support CenterTax tips for Form 706 package
Tax Tips for 706
Form 706 - Estate (and Generation-Skipping Transfer) Tax
Use SureFire 2019 for persons who died before January 1, 2019, and after December 31, 2018.For any person that dies during the year of 2020, SureFire 2019should be used.The 706 package is normally released in September each year. This is when the IRS updates the forms.We have a special release for this package after all of the laser forms are approved by the IRS.
Form 706 is due nine months after the date of death.
The IRS does not support e-filing for Form 706.
Form 706, Page 1
Fill out Form 706, page 1 for information about the decedent; as well as for the executor of the estate. To add a state to the return, enter the state abbreviation under line 5, or press F3 to get the red out of the entry. If a change of address is needed, you must complete Form 8822; which is located in the Miscellaneous package. The total gross estate less the exclusion is calculated on line 1, which comes from Form 706, page 3, Part 5, line 12. The total allowable deductions on line 2 are calculated from Form 706, page 3, line 22.
Form 706, Page 2
Part 3
Answer the questions regarding the executor. If you answer "No"" to question 1
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