IRS Form 706 is used to calculate the taxes owed for two situations – estate taxesand generation-skipping transfers. Both of these situations can trigger a tax liability and the form must be ...

When do I need to file Form 706, estate tax return? Robert 'Bob' Powell answers this question as part of Decoding Retirement's special segment, Ask Bob. Mitlin Financial founder and wealth advisor ...

On Aug. 16, the Internal Revenue Service released a draft version of a revised Form 706 (the 706), “United States Estate (and Generation Skipping Transfer Tax) Return.” It didn’t release ...

Each week, in our Ask the Editor series, Joy Taylor, The Kiplinger Tax Letter Editor, answers questions on topics submitted ...

There is an option for the estate to pay any income tax (at a flat rate of 35%) or the income can be passed through to the ...

If you meet these requirements, you can now get an extension of time to file Form 706 without going to the costly and time-consuming procedure of getting a Private Letter Ruling from the IRS.

If you or an advisor must file a Form 706 with the IRS to report estate or generation-skipping tax, understanding the IRS’ allowance for use of an Alternative Valuation date may be critical ...

The IRS has recently released a draft of instructions for Form 706 concerning estates of decedents who died after Dec. 31, 2015.