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Assume that your tax client is the sole heir of an inheritance. Refer to Estate Tax Form 706 and Publication 706 and explain to the
Assume that your tax client is the sole heir of an inheritance. Refer to Estate Tax Form 706 and Publication 706 and explain to the client 1) the property included in Gross Estate and 2) the taxes which must be paid. In addition, discuss with the client at least two strategies you will use to minimize his or her estate transfer taxes.
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