Estate taxes are complicated for most people and costly mistakes are common. When a loved one dies, there is already too much sadness and a lot to manage. If the estate is large enough, the government requires you to file Form 706 the United States Estate and Generation Skipping Transfer Tax Return. This is a complex form and one that must be completed cautiously and correctly. It is a landmine of technical guidelines, due dates, and high-risk decisions that can cost you millions if the form is completed wrong.
Even one small detail such as not correctly calculating real estate value or missing a portability election could cost you to lose over $13 million in tax exemption for your surviving spouse.
Prompting an IRS audit and paying unnecessary estate taxes or penalties is another concern many have. Personal liability for the executor is another concern. Most executors and even some accountants do not realize what is at stake.
At a time when emotions are high, our job is to bring precision, calm, and confidence. We specialize in exploring complex estate tax returns and helping families to:
1. Legally minimize estate tax liability.
2. Protect the surviving spouse’s exemption also referred as portability.
3. Avoid IRS red flags and audit triggers.
4. Coordinate with state level estate taxes.
5. Ensure executor peace of mind and avoid personal liability!
6. We do not just fill out forms we protect legacies.
They do not need to guess if Form 706 is required because we will count the numbers and save you time. They avoid filing late and losing the chance to save $13 million for surviving spouse.
We ensure assets like real estate, businesses, and trusts are properly valued to prevent IRS challenges. US Tax Guru is aware of deductions you are legally entitled to claim and knows how to document them. We help you avoid surprises with state estate taxes that most families do not see it coming when filing Form 706 the United States Estate Generation Skipping Transfer Tax Return. We protect the executors from costly personal liability.
Whether you are a surviving spouse, a professional fiduciary, or a family member trying to navigate IRS estate tax rules you do not have to do this alone. We have helped clients save millions in estate taxes, preserve wealth for future generations, and avoided delays, audits, and stress.
Contact us today for a confidential, comfortable consultation. We will review your situation and explain your options. You have one chance to file this right. Let us help you protect your family’s future.
