taylor
Level 2

On a complex estate it is practically necessary to fill in the 706 as information is obtained.  This lets the preparer consider alternative and elections as well as plan for funding the tax liability.  It is worth more than I pay for this software to be able to enter the information this way.  The liability on a 706 can be in hundreds or thousands or millions of dollars.

A 706 is not like a 1040.  Extensions are only used if absolutely necessary in order to obtain all information to file the return.

 

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