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Man vs. Machine: How Do I Prepare the Form 706 Estate Tax Return?
As part of an ongoing series, Retirement Daily asked ChatGPT a personal finance question and then asked a subject matter expert to critique the answer. What did ChatGPT get right? What did it get ...
Forbes8mon
How To Avoid Faulty Advice On IRS Form 706 And The Portability Election
Some tax professionals have been advising their clients that filing the IRS Form 706 Estate (and Generation-Skipping Transfer) Tax Return is not necessary for a surviving spouse. The reality is ...
U.S. Estate Tax Treaties — Help For Foreigners But Not U.S. Citizens
Estate tax treaties between the U.S. and foreign countries help foreigners with U.S. assets. They do not help U.S. citizens or "domiciliaries"; taxed on worldwide assets.
Kiplinger2y
Don’t Throw Away a $12.06M Estate Tax Exemption by Accident
The only “downside” to filing for the portability election is the cost of filing the required return (IRS Form 706) estate tax. A portability-only estate tax return can be filed up to two ...