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