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Instructions for Form 706-A (Rev. February 2008) United States Additional Estate Tax Return Department of the Treasury Internal Revenue Service To report dispositions or cessations of qualified use
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What is 706a?
706a is a form used for reporting and paying federal estate taxes.
Who is required to file 706a?
The executor or administrator of an estate is required to file 706a if the value of the estate exceeds the applicable exemption amount.
How to fill out 706a?
To fill out 706a, you need to provide detailed information about the decedent, their assets, and any applicable deductions. The form must be completed accurately and submitted to the Internal Revenue Service (IRS). It is recommended to seek professional assistance to ensure proper completion.
What is the purpose of 706a?
The purpose of 706a is to calculate and report the federal estate tax liability on estates exceeding the exemption amount. It helps ensure proper payment of estate taxes.
What information must be reported on 706a?
On 706a, you must report information such as the decedent's personal details, valuation of assets, deductions, and credits. This includes details about real estate, stocks, bank accounts, life insurance policies, trusts, and more.
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