The benefit of qualifying for the Section 6166 installment method for paying estate tax include Ability to pay interest on the tax liability for 4 years; the tax and interest over the next 10 years.
The benefit of qualifying for the Section 6166 installment method for paying estate tax include
- Ability to pay interest on the tax liability for 4 years; the tax and interest over the next 10 years.
- A special low interest rate of 4% is allowed on the tax liability.
- The ability to pay the total estate tax liability over a 15 year period of time.