The IRS has released Draft Instructions for Form 706 for the estates of decedents dying in 2012.

Just as we cautioned when we announced the IRS Release of the Draft 706, it is important to note the caution at the beginning of the draft:

“This is an early release draft of an IRS tax form, instructions, or publication, which the IRS is providing for your information as a courtesy.  Do not file draft forms.  Also, do not rely on draft instructions and publications for filing.”