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Form 706 Gst

Form 706 Gst

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Video instructions and help with filling out and completing Form 706 Gst

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Instructions and help about Form 706 Gst

here's how you file a federal estate tax return number one it's not even necessary unless the person died with a gross estate exceeding the applicable estate tax exemption five million dollars this year 2012 scheduled to be 1 million dollars 2013 somebody dies with more than that what do you do the IRS doesn't come raid the house to see what was there it's the executor or trustees responsibility to make sure that the estate tax is voluntarily complied with here is what you do there's an IRS Form it's called IRS forms 706 it's the federal estate tax return you've got to get all the real estate appraised you've got to get all the banking records to show what was there on the date of death all the investment records to show the trading value as of the date of death you've got to get any kind of business appraised get the it's called a Form 7 Oh 12 7 12 from the life insurance company to show how much life insurance the deceased person owned got to get all that blue book the blue bow value

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