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Estate TaxesAs the saying goes, you can't be sure of anything except death and taxes. Unfortunately, sometimes both come at the same time. When someone dies with an estate that has a fair market value of more than $2 million, the estate must file an estate tax return, known as Form 706. If the deceased owned a business, business interest or interest in an asset-holding company, the estate must include an appraisal report showing the value of those assets. BMK has prepared many such reports and knows the requirements that must be met to withstand an IRS audit. |
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