Andersen in the U.S. Managing Director Carl Fiore recently authored an article that will appear in the July 2021 edition of Thomson Reuters Estate Planning Journal. It will also appear in the August 2021 edition of Practical Tax Strategies. The article, The Nuts and Bolts of IRS Form 706: Preparation and Pitfalls, notes that estate tax returns can present unique issues and challenges that practitioners may not typically deal with, particularly in larger and more complicated estates. Carl’s article addresses some of the tax and practical considerations for preparing Form 706, United States Estate (and Generation-Skipping Transfer) Tax Return, as well as some hidden traps for the unwary.

Carl Fiore is a Managing Director in the Andersen US National Tax office, where he focuses on gift, estate, individual, charitable and fiduciary tax consulting and compliance matters. Carl has significant experience with tax and financial matters affecting entrepreneurs, executives and other high-net-worth individuals. He has worked with numerous families and closely held businesses to develop and implement wealth maximization plans through the use of family entities, income tax planning, stock option planning, charitable giving strategies, and effective gift and estate tax planning.