As a CPA, you may be asked to prepare or review the federal estate tax return, Form 706, United States Estate (and Generation-Skipping Transfer) Tax Return.
This form, which is due nine months after a client’s death, provides a
snapshot of the assets included in the decedent’s taxable estate. Therefore, in my experience, it’s best if you and your client’s estate
planning attorney both work on preparing Form 706, especially if it’s
not a form that you prepare regularly. That way, you can work together
to avoid costly errors such as the following:
Click here to read complete article as it appears on CPA Insider