PPC’s 706/709 Deskbook breaks down the complexities of federal estate, gift, and GST tax issues and provides clear guidance for preparing or reviewing Forms 706, 709, and related GST tax forms (Forms 706-GS(D), 706-GS(T), and 706-GS(D-1). This Deskbook leads you through the compliance process using a forms-based format, explaining the impact of recent important legislation, cases, and IRS rulings. It also includes information on IRS audits of Forms 706 and 709. With the portability election, many estates that would normally not need to file Form 706 must now file. Streamline your client service by relying on our comprehensive, user-friendly guidance.

Detailed examples, filled-in tax return forms, and preparation pointers show you how to report assets and liabilities on an estate tax return or gifts on a gift tax return. Numerous practice aids are provided, including:

• Organizers for Forms 706 and 709
• Election statements to help save time and effort when preparing 706 or 709
• Preparation checklists
• Roadmap with guidance for completing Forms 706 and 709 including references to the form lines and the key issues within the 706/709 Deskbook for more detailed coverage