Hi Monica ... Yes she can
From there ....
You can usually deduct tax preparation fees in the year you pay them. Thus, on your 2012 return, you can deduct fees paid in 2012 for preparing your 2011 return. These fees include the cost of tax preparation software programs and tax publications. They also include any fee you paid for electronic filing of your return.
And on doing the 706 return... YES, if a timely election is made on the 706, over 10,000,000 of he estate can be excluded (w'ere talking federal estate taxes here now) ... this isunder the rather new "portability rules," where BOTH spouses exemption equivalent can be used ... eliminating the need to do the credit shelter trust you have have heard of
I still don't see you coming into the chat .... I can move us to the"Question and Answer" mode ... Maybe that will help
But to recap, yes those tax prep fees are deductible ... and doing the 706 form is really a necessity, and the ONLY way to preserve that full estate (up to $10,500,000) tax exemption
Let me know if you have ANY questions at all
Thank you for your response, just to clarify even if the form 706 was on the deceased spouse to preserve his exemption the wife can deduct the cost of completing the 706 on her tax return? Thank you for your response
Is that the case her, sounds like you are saying this is accepted is that so?