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What are some of the disadvantages, if any, associated with a Section 6166 deferral? The Executor is personally liable for the payment of the tax. The total tax cost will be greater. The business must be sold.

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What are some of the disadvantages, if any, associated with a Section 6166 deferral?

  1. The Executor is personally liable for the payment of the tax.
  2. The total tax cost will be greater.
  3. The business must be sold.

Question 6 options:

I only

I and II

I and III

I, II, and III

 
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