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Thousand Oaks California online Form 706-NA: What You Should Know
Indefinite Estate Tax. Form 706-NA is a tool used to determine the value of an estate that may be subject to an indefinite estate tax. It is used especially by families who have an estate of less than 3.5 million to determine how much estate income should be excluded or taxed at the higher rates. Estate Tax Instructions for Form 706-NA — IRS Indirect Inheritance Tax. In general, an estate is only required to pay the amount of the estate tax that is attributable to the amount of the assets in its possession before the date on which the final death occurs. The IRS has developed tax principles that make direct transfer tax avoidance possible.
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