Article:
§6166 Estate Tax Deferral for Closely Held Business:
Q&As

For many business owners, their business interests are their biggest asset, which necessitates careful planning to preserve the business while managing the potential estate exposure.

Internal Revenue Code §6166 is an estate tax deferral provision for estates of decedents holding concentrated positions in qualifying closely held business interests. The Code §6166 permits payment of the estate taxes attributable to those business interests over a maximum 14 year-period, with interest potentially lower than commercially available rates...