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H fE&, lrrFl ffiYoL122 No.2 2024A Publication of theRBOOqnSeii4d, O\"*rt*rr4RBO BalanGG ShGGt for tlwyear endti, De/a44,bex st, 202s Dear RBO Membel Ikindly request your review of the audited RBO
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Fe refers to Federal Form 706, which is used to report the estate of a deceased person for federal tax purposes.
The personal representative of an estate is required to file Form 706 if the gross estate exceeds the federal estate tax exemption amount, which is adjusted periodically.
Form 706 must be completed with details about the decedent's assets, liabilities, and any deductions. It can be filled out using tax software or by following the forms and instructions provided by the IRS.
The purpose of Form 706 is to calculate and report the taxable estate of a deceased individual to determine if estate taxes are owed.
Form 706 must report information such as the value of the decedent's assets, outstanding debts, deductions for funeral expenses, estate administration costs, and any applicable exclusions or credits.
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