Designed to prevent a forced sale of a family business to pay estate tax. Strict qualification rules — the business must exceed 35% of the adjusted gross estate and must be an active trade or business.
Glossary · tax
§ 6166 installment payment election
In plain English
An IRS provision letting the estate tax attributable to a closely-held business be paid in installments over up to 14 years instead of 9 months after death.