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Ct706ntext Form

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How to ct 706nt

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Instructions and help about ct706nt ext

to settle the deceased to stay the personal representative must prepare a state tax returns that show all of the property included in the estate the returns must be filed in the tax paid before the estate can be settled if the returns are filed and not accepted the government may ask for more information or even God forbid audit the estate until the returns are accepted and the final tax liability is agreed upon and paid the personal representative should not distribute all of the assets if there is not enough money left in the estate to pay the remaining tax due the personal representative may be personally liable for the payment however if the estate is small enough there may not be a need to file a federal estate tax return at all once the returns are filed and accepted the government will give the personal representative a closing letter stating that no further tax are due this is usually followed by the distribution of assets to the beneficiaries and eventually the closing of the

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