Which, If Any, of the Following Items Characterizes § 6166

question 109

Multiple Choice

Which, if any, of the following items characterizes § 6166 (i.e., extension of 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.
• E)None of the above.