Complete a $2023$ form $706$ with the information listed below:

TAX RETURN SCENARIO

Mark Smithson $(75$ years old$)$ of $830$ Reading Ave, Mesa, AZ $85204$ died on November $30,2023.$ He was survived by his wife, April $(75$ years old$),$ and their son, Richard. At the time of his death, Mark was employed by a textile factory as a comptroller. The executor reports that he has discovered the property listed below:

Automobile in Mark$$s name $$26,000$

Qualified retirement plan funded by Mark$$s employer $840,000$

Stocks in public companies in the name of Mark $11,200,000$

Checking account, Mark and April, joint tenants with right of survivorship $14,000$

Undeveloped land $($not leased or farmed$)$ in the name of Mark $5,600,000$

Face value of term life insurance policy on Mark$$s life $2,250,000$

Other information includes the following:

$1.$ Mark$$s funeral expenses were $$9,000$ and the estate$$s administrative expenses were $$38,000.$

$2.$ The estate paid state estate taxes of $$52,000.$

$3.$ Mark willed $$2,750,000$ of his stocks to April and the rest of his property to Richard.

$4.$ April is the beneficiary of the retirement plan.

$5.$ Mark owned the life insurance policy, and his estate is the beneficiary.

$6.$ Mark made his only taxable gift, $$7$ million taxable amount, in August $2017$ and paid all the gift taxes from an account solely in his name.

$7.$ Mark owed $$14,600$ on a car loan