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Member
Group: Forum Members
Last Login: 4/8/2009 6:15:54 PM
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| It is my understanding that in 2008 when a gross estate exceeds $2,000,000 for a married couple and one dies, that a 706 is required even though no tax is due. A local attorney has informed me that if the estate does not exceed $4,000,000 no 706 is required. His reference is a FAQ response. Is there an authority for this, based on the 706 instructions it appears to be $2,000,000
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Power Member
Group: Forum Members
Last Login: 1/6/2010 6:00:00 PM
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The attorney might be assuming that neither of the couple had separate property. Hence, the community half of the decedent would be $2mil.
John Jacobson
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