Both of the following requirements must be met in order to qualify for the special deferral of taxes and the special interest rates of Section 6166: 

 

1. Business interests or family farm must exceed 35% of adjusted gross estate
2. Decedent must have been one of the following:

 

a) Sole Proprietor

b) Partner (15 or fewer partners or owns 20% of partnership)

c) Shareholder (15 or fewer shareholders and owns 20% of voting stock)

6166 Interest Rate | Problems of 6166 | Section 6166: Borrow from Government | IRC Sec 6166

 

 

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