Form 706(redirected from 706 Form)
A tax return one files with the IRS to claim one's estate tax liability. On a Form 706, one lists the assets, liabilities, and exemptions on the estate of a deceased person. The executor of the decedent's estate has the capacity to file a Form 706. The value of an estate necessary for an estate tax to be imposed varies from year to year, but is always higher than $1 million.