Finanse publiczne · 07/09/2023

Internal Revenue Service Requests Comments on Proposed Form 706 and Schedule R-1

The Internal Revenue Service (IRS) is seeking public comments on proposed changes to Form 706, a tax return for estates and generation-skipping transfers, and Schedule R-1, which is used to report generation-skipping transfers. The IRS aims to reduce paperwork burden through the Paperwork Reduction Act of 1995.