706 estate tax return
I amended the 706 claiming taxes paid to Wisconsin. then I received a $4,000 refund from Wisconsin. What do I do now?
Asked on 10/08/08, 2:43 pm
2 Answers from Attorneys
Joseph Michelotti
Michelotti & Associates, Ltd.
Re: 706 estate tax return
you need an accountant before you end up in big tax trouble
Answered on 10/09/08, 12:27 am
Re: 706 estate tax return
The first thing you should do is to ask this question of the person who prepared the Federal and WI 706 returns.
A tax refund is money coming back to the estate, so unless there are other taxes or expenses to be paid from the estate, the funds would be split between the beneficiaries.
Please let me know if I can assist.
Answered on 10/18/08, 1:20 pm