How to Administer a Section 6166 Estate

Help preserve the family business.

Internal Revenue Code Section 6166 can provide significant federal estate tax deferral for estates of closely held business owners. Judicious application of IRC Section 6166 during the administration of a business owner’s estate can help to preserve the family business. Here are some of the many intricate steps required to administer a Section 6166 estate.

This article is the second of a two-part series on Section 6166. The first article, published in the April issue of Trus

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