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2010 RECONVENED SESSION REENROLLED2 3 4An Act to amend and reenact 24.2114, 24.2407, 24.2418, 24.2531, 24.2611, 24.2706, and 24.2710 of the Code of Virginia and to repeal 24.2533 of the Code of Virginia,
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How to fill out 2-706 and
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Refer to the official instructions provided by the relevant tax authority to understand the requirements and guidelines for filling out Form 2-706.
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What is 2-706 and?
2-706 is a tax form used to report the generation-skipping transfer tax.
Who is required to file 2-706 and?
Individuals who make transfers to skip persons (generally younger generations) during their lifetime or at death are required to file Form 706.
How to fill out 2-706 and?
Form 706 can be filled out manually or electronically, following the instructions provided by the IRS.
What is the purpose of 2-706 and?
The purpose of Form 706 is to calculate and report the generation-skipping transfer tax that may be due on certain transfers.
What information must be reported on 2-706 and?
Information such as details of the transfer, relationship to the recipients, and valuation of assets transferred must be reported on Form 706.
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