​Estate Tax Return Preparation- Form 706

When an individual passes away, his or her estate may be required to file a Federal Estate Tax Return (Form 706). Form 706 is normally due within 9 months from the date of the decedent’s death. With the Federal Estate Tax in a state of flux, it is important to have knowledgeable advisors on your side to determine if an Estate Tax Return is necessary, and to help you take advantage of all deductions, credits, and discounts to make sure that you pay the smallest amount of taxes possible. Because the estate tax rate can be as high as 55% of the value of an estate, it is important to make sure that the Estate Tax Return is prepared properly. Matt has the experience and expertise to assist Executors and Trustees in preparing and filing this return. Several of our attorneys are also licensed CPAs and a few of the attorneys also have an advanced Law Degree, or LLM which is a Master’s Degree in Taxation. We assist the client in determining the “Fair Market Value” of all a person’s assets as of the date-of-death of the decedent. We also have the knowledge and practical experience to know what strategies are available to minimize Estate Tax. Furthermore, if a payment is due to the IRS, we may be able to work out payment options with the IRS. If you have questions or need help with the preparation of Estate Tax Return, call us today.