Form 706

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Form 706

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.
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EstateWorks 2005 interfaces with EstateVal for securities reporting as well as industry-standard tax and probate forms including 706 forms from Thomson Fast-Tax, Intuit's Lacerte, CCH's ProSystem fx, Lackner's Estate Administration System, and FASTER Systems LLC.