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Form 706 online Tucson Arizona: What You Should Know

The Arizona estate tax return shows estate-owned property income including taxes paid and capital gains, and the total income or losses of the decedent's family members and beneficiaries. The state of Arizona has adopted a tax code that taxes individual and married couples filingĀ  individual income tax returns. A trust is used to hold some of a decedent's assets after his deathĀ  and then distribute other assets to the beneficiaries. Estate tax is the annual tax imposed on the decedent's estate in response to theĀ  disposition of his individual income, estate, and gift properties.

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