[quote=rom299;47926]
as you can see, unless the non us resident beneficiary has US source income/distributions, you do not need to file form 1042s/1040NR.
In general,You don?t need to worry about the federal gift and estate tax, which affects only very wealthy families. For deaths in 2020, only those who leave more than $11.58 M.in the case of WAstate, If the total gross estate is below the filing threshold,for 2019/2020, it is $1.93M, no estate tax return is filed. If the total gross estate is above the filing threshold, an estate tax return,a Fed form 706, must be filed even if no tax would be due. |