Term Life Insurance

Monday, March 27, 2017
Free Term Life insurance quotes in minutesLife insurance basicsLife insurance needs calculator - how much life insurance do I need?Advanced LifeFrequently asked questions on life insuranceReliaQuote life insurance services

Advanced Life Insurance

Call us at (800) 940-3002  
  bullet.gif (245 bytes)

IRC Section 6166

DISCLAIMER: The purpose of this information is to provide general information which is subject to change and is specific to state law. ReliaQuote is not providing legal advice. If you have a specific legal issue or accounting issue, you should consult with a lawyer who is licensed to practice law in your jurisdiction or a certified public accountant familiar with tax regulations in your jurisdiction.

IRC Section 6166 is a provision in the U.S. Tax Code that allows an executor of an estate to defer estate tax payments for that portion of an estate that is a closely held business or farm as long as those assets exceed 35% of the adjusted gross estate. Payments can be deferred up to five years; however, interest on the unpaid balance of the estate tax is due annually.