Advantages

• No immediate outlay
• Uses government's money
• Interest only for 4 years
• Principal and interest for 10 years

 

Concerns

• Estate may not qualify
• Not available for non-business assets
• Miss a payment and the loan is due
• IRS lien on business or farm
• Can you pay back the principal?
• Installments can outlast the business

6166 Interest Rate | Problems of 6166 | IRC Sec 6166 | Requirements of Section 6166

 

 

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