The Internal Revenue Service has published a draft of Form 706, “United States Estate (and Generation-Skipping Transfer) Tax Return,” for decedents dying in 2025.

There are a number of changes from the 2024 version of Form 706, some similar to the changes made to the gift tax return (Form 709), and those practitioners who will need to file federal estate tax returns for 2025 will want to start reviewing the return now to be prepared to complete and file the revised return when it is final.