Section 6166

Interest payable under section 6601 on any unpaid portion of such amount attributable to any period after the 5 year period referred to in paragraph 1 shall be paid annually at the same time as and as a part of each installment payment of the tax.
Section 6166. Interest payable under section 6601 on any unpaid portion of such amount attributable to any period after the 5 year period referred to in paragraph 1 shall be paid annually at the same time as and as a part of each installment payment of the tax. According to the internal revenue code section 6166 a personal representative may defer payment of estate taxes if the interest in a closely held business exceeds 35 percent of the decedent s adjusted gross estate. 6166 f 3 interest in the case of certain deficiencies.
For the estate to defer the payment of estate taxes section 6166 spells out elements that must be satisfied. 3 interest in the case of certain deficiencies. 3 interest in the case of certain deficiencies.
Under irc section 6166 section 6166 an estate that meets all of the requirements of the statute may elect to pay the estate tax attributable to the decedent s interest in a closely held business in up to ten equal annual installments. Interest payable under section 6601 on any unpaid portion of such amount attributable to any period after the 5 year period referred to in paragraph 1 shall be paid annually at the same time as and as a part of each installment payment of the tax. Section 6166 b 7 partnership interests and stock which is not readily tradable the family attribution election section 6166 b 8 stock in holding company treated as business company stock in certain cases the holding company election section 6166 b 9 deferral not available for passive assets.
Irc section 6166 h provides for the election to defer the deficiency tax resulting from an examination if the estate is not already making payments under irc section 6166. The irc section 6166 h 2 election must be made within 60 days of the issuance of the notice and demand. The deficiency is prorated per the formula in irc section 6166 a.