Borrowing for Postmortem Liquidity, Part 2 - A Primer on IRC § 6166

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This articles focuses on estates obtaining liquidity by “borrowing” funds from the IRS under IRC § 6166. IRC § 6166 permits certain estates that consist largely of an interest in a closely held business to elect to take a “loan” from the federal government for the payment of estate taxes.

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DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

© Lisa M. Rico, Shea, Diamond & Rico LLP | Attorney Advertising

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