Form 706 in Miami

Form 706 Preparation Services in Miami – Expert Guidance from Presti & Naegele

Navigating Form 706 in Miami is straightforward with Presti & Naegele. If you’re tasked with filing a federal estate tax return, precision and compliance are crucial—and our experienced accounting firm excels in these areas. With over 40 years of tax expertise, we ensure every Form 706 is completed accurately and on time, supported by a strategy that protects your financial interests. While enjoying Miami’s vibrant culture and iconic beaches, trust us with your financial needs confidently.

What Is Form 706 Used For in Miami?

Form 706, known as the United States Estate (and Generation-Skipping Transfer) Tax Return, is essential for calculating the federal estate tax for a deceased U.S. citizen or resident's estate. It also enables estates to claim deductions and credits that can significantly ease the tax burden.

Our team manages the entire process—from asset identification and estate valuation to documenting deductions and charitable contributions, assessing tax liabilities, and filing the return. Presti & Naegele provides clarity during a potentially overwhelming time in Miami, allowing you to prioritize what truly matters.

What Is the Threshold for Filing Form 706 in Miami?

Form 706 must be submitted when the gross estate, along with adjusted taxable gifts and specific exemptions, exceeds the IRS threshold—recently over $13 million. As estate tax regulations change, misunderstanding this threshold could lead to unwarranted penalties or overlooked planning opportunities.

Presti & Naegele stays current with IRS developments, offering personalized advice in Miami tailored to your specific circumstances. Whether you're confident in your threshold knowledge or uncertain if filing is needed, our proactive tax advisors guide you to informed, confident decisions.

Who Prepares Form 706 in Miami?

Preparing Form 706 typically requires an experienced estate accountant or tax consultant knowledgeable about federal estate tax law, IRS standards, and valuation intricacies. At Presti & Naegele in Miami, seasoned CPAs and tax professionals handle this responsibility, specializing in estate planning and compliance.

Unlike many firms that treat Form 706 as just another tax return, we approach it with strategic depth. Our detailed preparation process includes collaboration with attorneys and financial advisors to ensure your estate is protected from costly errors and unnecessary taxation.

What IRS Form Do I Use for Inheritance in Miami?

Although Form 706 is used for estate tax reporting and calculation, it's often confused with other inheritance-related forms. If you're set to receive an inheritance and are uncertain about your reporting duties, the obligations depend on the nature of the inherited assets.

We assist clients in understanding which forms apply—whether it’s Form 706 for the estate, Form 1041 for fiduciary income tax, or none if the inheritance isn’t taxable. In Miami, Presti & Naegele ensures you won’t be left guessing about your responsibilities.

Why Choose Presti & Naegele for Your Form 706 Needs in Miami?

With Presti & Naegele, you get more than just accurate Form 706 preparation—you get strategic, empathetic, and proactive support from a firm that’s helped thousands of clients since 1982.


We offer:


  • Strategic coordination with attorneys and financial planners


  • Peace of mind during emotionally challenging periods



  • Full transparency and prompt communication throughout the process

Clients continually choose us not only for our expertise but because we genuinely care. Whether managing a significant estate or navigating this process for the first time, you can rely on Presti & Naegele in Miami to handle your Form 706 with integrity, expertise, and compassion.

Frequently Asked Questions

  • Is Form 706 required for every estate?

    No, Form 706 is only required if the estate's value exceeds the federal estate tax exemption threshold for the year of the decedent's death. However, it may still be beneficial to file in some cases—for example, to elect portability for a surviving spouse. We help assess whether filing is required or advisable.

  • How long do I have to file Form 706 after someone dies?

    Form 706 is due nine months after the decedent’s date of death, with a possible six-month extension if requested. Timely filing is critical, as delays can incur interest and penalties. Presti & Naegele ensures you meet all IRS deadlines without stress.

  • Can Form 706 be amended after filing?

    Yes, Form 706 can be amended to correct errors or include additional deductions. However, amendments can trigger IRS scrutiny, so they must be handled with care. Our team manages both original and amended filings with precision and transparency.

  • How does Form 706 affect heirs?

    Form 706 primarily concerns the estate, not individual heirs. However, its accuracy can impact the net value of inheritances. A well-prepared return maximizes deductions, reduces tax exposure, and protects heirs from future IRS complications.

  • What if the estate includes complex assets like real estate or business interests?

    These assets require professional valuation and often complicate estate tax calculations. Presti & Naegele specializes in handling estates with real estate, privately held businesses, and other complex assets—ensuring every valuation and deduction is IRS-compliant and defensible.

Ready to Discuss Your Estate Tax Filing Needs in Miami?

Whether you need a full-service Form 706 preparation or simply expert advice on estate tax obligations, Presti & Naegele is here to help. Schedule a consultation today and experience what over four decades of trusted accounting and advisory excellence can do for you.

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