Which, If Any, of the Following Items Characterizes the Election

question 35

Multiple Choice

Which, if any, of the following items characterizes the election to defer Federal estate tax payments relative to an interest in a closely held business?

• A) No estate tax due need be paid for the first 5 years.
• B) No interest needs to be paid for the first 5 years.
• C) In satisfying the more-than-35% test for qualification, all interests in closely held businesses can be aggregated.
• D) The 2% rate of interest applies to the total amount of estate tax value.