Fully Integrated Estate Tax Modules including:
- Federal Estate Tax Return (706) including Schedule R and R-1
- PA Inheritance Tax Return (PA-1500)
- NJ Inheritance Tax Return (IT-R)
Import APPRAISE or Estate-Val files including accruals for all applicable schedules including ability to use pricing vendor’s description, global asset descriptions or user-defined descriptions
Simultaneously generate Estate Tax and Inventory Descriptions with individual editing capability
Full Integration of Probate Accounting and Estate Tax data
Create Trust Accounting opening balance from 706 Schedule G Assets
Calculate Estate Taxes for prior and future years (706 calculations available from 1999 through current available tax rates)
Input data and calculate return immediately; no waiting for release of programs for current year
Create copy of tax case and edit as needed for states that have decoupled and require older versions of 706 to be filed with state return
Summary screens can be used for calculating possible tax implications without full data entry
Ability to view and sort transactions on specific schedules
Performs Inter-Related and Remainder Value Circular Calculations with Printed Report
Enter data in Tax System without affecting Court Accounting
Multiple Executors Schedule
IRS 706 Continuation Schedules Used
Actual return schedules displayed on screen
Print Entire Form, Schedules or Individual Pages
GIFT TAX SYSTEM FEATURES
Create Gifts to Trusts or Multiple Donees
Create Gifts with Marital or Charitable Exclusion
Split Gifts with Spouse
Create Spouse’s Gift Tax Return from existing gift tax return with common information
Calculate and Allocate GST Exemption to specific gifts
Create Supplementary Statements for individual gifts
System keeps track of multiple gifts per donee
Rollover data to following year with current year gifts added to prior gifts automatically
Actual return schedules displayed on screen
Print Entire Form, Schedules or Individual Pages