Where does an executor preserve the right to a refund of estate taxes paid on an amount in dispute at the time of filing that later becomes deductible.*

Page 1 of Form 706, directly.

Page 5 of Form 706, directly.

Schedule K.

Schedule PC.

Question

Bentley Clements

Business

11 August, 06:17

Where does an executor preserve the right to a refund of estate taxes paid on an amount in dispute at the time of filing that later becomes deductible.*

Page 1 of Form 706, directly.

Page 5 of Form 706, directly.

Schedule K.

Schedule PC.

+3

Answers (1)

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Lou · Answer 1

Answer: Schedule PC

Explanation:

Since 2011, Schedule PC has been used for this purpose. It is filed together with form 706 to protect the right to claim an expense that is currently non-deductible or under dispute. If this is due to a limitation such as a time constraint, the claim can be filed by submitting a schedule PC to the IRS. Then when the time requirement has been fulfilled, its duplicate will be submitted to advise about the refund being claimed.

Where does an executor preserve the right to a refund of estate taxes paid on an amount in dispute at the time of filing that later becomes deductible.*Page 1 of Form 706, directly.Page 5 of Form 706, directly.Schedule K.Schedule PC.

Where does an executor preserve the right to a refund of estate taxes paid on an amount in dispute at the time of filing that later becomes deductible.*

Page 1 of Form 706, directly.

Page 5 of Form 706, directly.

Schedule K.

Schedule PC.