Source: http://section6166.com/index.php?option=com_content&view=article&id=242&catid=228&Itemid=385
Timestamp: 2020-04-10 06:26:54
Document Index: 448755996

Matched Legal Cases: ['art 1', 'art 39', 'art 4', '§2032', '§6601', '§2032', '§301']

Section 6166 | Computations & Analyses
Section 6166 - Extension of Time for Payment of Estate Tax - General Concepts - Installment Payment of Estate Tax
Section 6166 - Statute
Section 6166 - Regulations
Background of Section 6166
Which Taxes Can Be Deferred
The 4 Types of Section 6166 Deferrals
Publicly Traded Stock Qualifies for the Section 6166 Election
Calculating the 2% Portion of Deferred Tax 1998 - 2020
The Annual Installment
Section 2013 Credit for Tax on Prior Transfers
Return Due Date For Interest Computation Purposes
Filing The Original Estate Tax Return
Supplemental Estate Tax Returns
Very Limited 9100 Relief for Late-Filed 6166 Elections
Cincinnati Letters and Forms
Form 4349
General Pipeline Processing
IRS Examinations, Appeals, and Tax Court Cases
Section 7481(d) and Tax Court cases
North Carolina Department of Revenue v. Kimberely Rice Kaestner 1992 Family Trust (Supreme Court 2019)
Baldwin v. US (2019 - 9th Circuit)
Romano-Murphy v. Commissioner (Tax Court 2019)
Romano-Murphy v. Commissioner (11th Circuit 2016 - remanded)
United States v. Mary Carol S. Johnson, et al - Analysis (D. Utah, Central Div.)
US v. Mary Carol S. Johnson et al (2019 - 10th Circuit)
US v. Mary Carol S. Johnson et al (2018)
US v. Mary Carol S. Johnson et al (2016)
US v. Mary Carol S. Johnson et al (2013)
US v. Mary Carol S. Johnson, et al (2012)
Robert H. Tilden v. Commissioner (7th Circuit 2017)
Robert H. Tilden v. Commissioner (Tax Court 2015)
United States v. F. Gordon Spoor et al (11th Circuit 2016)
F. Gordon Spoor v. Commissioner (Tax Court Memo June 2011)
F. Gordon Spoor v. Commissioner (Tax Court Memo October 2011)
Commissioner v. Estate of Travis L. Sanders (11th Circuit 2016)
Estate of Travis L. Sanders v. Commissioner (Tax Court 2015)
US v. Godley (2015)
Davidson v. Commissioner (2015)
McNeely v. United States and Adell v. Commissioner (2014)
Woodbury v. Commissioner (2014)
Langan v. US (2013)
Winford v. US (2012)
US v. Kulhanek (2010)
Recent Cases - Computation Examples
US v. Godley - Computation Exhibit 1 (2015)
Adell v. Commissioner (2014)
Estate Computation of Deferred Tax vs. the IRS Computation
Adell 1999 Form 709
Adell 2006 Form 709
Adell Form 706, Pages 1-3
McNeely v. United States (2014)
Section 6166(a) - 5-Year Deferral; 10-Year Installment Payment (The Regular 14-Year Election)
Section 6166(a) Overview
Section 6166(a)(1) – In general
Section 6166(a)(2) – Limitation
Section 6166(a)(3) - Date for payment of installments
Section 6166(a) Computation Examples
Section 6166(a) Underpayment of Non-Deferred Tax
Section 6166(a) Overpayment of Non-Deferred Tax - Maximum Deferral Election
Section 6166(a) Overpayment of Non-Deferred Tax - Minimum Deferral Election
Section 6166(b)(1) – Interest in a Closely Held Business
Section 6166(b)(1) – Interest in Closely Held Business
Section 6166(b)(1)(A) – Interest as a proprietor in a trade or business
Section 6166(b)(1)(B) – Interest as a partner in a partnership
Section 6166(b)(1)(C) – Stock in a corporation carrying on a trade or business
Section 6166(b)(1) Computation Examples
Section 6166(b)(1)(C) Computation Examples (list of Examples with narrative descriptions)
Section 6166(b)(2) - Rules for Applying Paragraph (1)
Section 6166(b)(2) – Rules for Applying Paragraph (1)
Section 6166(b)(2)(A) – Time for testing
Section 6166(b)(2)(B) – Certain interests held by husband and wife
Section 6166(b)(2)(C) – Indirect ownership
Section 6166(b)(2)(D) – Certain interests held by members of decedent’s family
Section 6166(b)(2)(B) Computation Examples (list of Examples with narrative descriptions)
Section 6166(b)(2)(C) Computation Examples (list of Examples with narrative descriptions)
Section 6166(b)(3) – Farmhouses and Certain Other Structures
Section 6166(b)(3) Overview
Section 6166(b)(4) – Value
Section 6166(b)(4) Overview
Section 6166(b)(5) – Closely Held Business Amount
Section 6166(b)(5) Overview
Section 6166(b)(6) - Adjusted Gross Estate
Section 6166(b)(6) Overview - The Adjusted Gross Estate
Section 6166(b)(6) Computation Examples (list of Examples with narrative descriptions)
Section 6166(b)(6) Adjusted Gross Estate Computation Example 2
Section 6166(b)(6) Adjusted Gross Estate Computation Example 3
Section 6166(b)(7) - Partnership Interests and Stock Which is Not Readily Tradable (The Family Attribution Election)
Section 6166(b)(7) Overview
Section 6166(b)(7) Computation Examples
Section 6166(b)(7) Underpayment of Non-Deferred Tax
Section 6166(b)(7) Overpayment of Non-Deferred Tax - Maximum Deferral Election
Section 6166(b)(7) Overpayment of Non-Deferred Tax - Minimum Deferral Election
Section 6166(b)(8) - Stock in Holding Company Treated as Business Company Stock in Certain Cases (The Holding Company Election)
Section 6166(b)(8) Overview
Section 6166(b)(8) Computation Examples
Section 6166(b)(8) Underpayment of Non-Deferred Tax
Section 6166(b)(8) Overpayment of Non-Deferred Tax - Maximum Deferral Election
Section 6166(b)(8) Overpayment of Non-Deferred Tax - Minimum Deferral Election
Section 6166(b)(9) – Deferral Not Available for Passive Assets
Section 6166(b)(9) Overview
Section 6166(b)(9) Passive Asset Rules Do Not Apply After Date of Death for Purposes of the 35% Test
Section 6166(b)(10) - Stock in Qualifying Lending and Finance Business Treated as Stock in An Active Trade or Business Company
Section 6166(b)(10) Overview
Section 6166(b)(10) Computation Examples
Section 6166(b)(10) Underpayment of Non-Deferred Tax
Section 6166(b)(10) Overpayment of Non-Deferred Tax - Maximum Deferral Election
Section 6166(b)(10) Overpayment of Non-Deferred Tax - Minimum Deferral Election
Section 6166(c) - Interest in 2 or More Closely Held Businesses
Section 6166(c) Overview
Section 6166(c) Computation Examples (list of Examples with narrative descriptions)
Section 6166(c) Example 1
Section 6166(c) Example 2
Section 6166(c) Example 3
Section 6166(c) Example 4
Section 6166(c) Example 5 - link to Section 6166(b)(2)(B), Example 2
Section 6166(d) – Election
Section 6166(d) Overview
Section 6166(e) – Proration of Deficiency to Installments
Section 6166(e) Overview
Section 6166(f) – Time for Payment of Interest
Section 6166(f) Overview
Section 6166(f) Example 1
Section 6166(g) - Section 6166 Penalties and Acceleration
Section 6166(g) Overview
Section 6166(g)(1)(A)
Exercise of Option to Purchase is a Sale
Section 6166(g)(1)(B)
Section 6166(g)(1)(C)
Sections 6166(g)(1)(E) and 6166(g)(1)(F)
Section 6166(g)(2)
Section 6166(h) - Election on a Deficiency
PLR 8846001 - Determination of the amount of a deficiency payable in installments
PLR 8846001 Computation Illustration 1 - Interest is not interrelated with the estate tax
PLR 8846001 Computation Illustration 3 - The Estate's calculation of deferred tax and the annual installments payable
PLR 8846001 Computation Illustration 4 - The IRS calculation of the deferred portion of the deficiency and annual installment
Section 6166(h) Computation Examples
Section 6166(h) Example 1 - Deficiency generated entirely by a 6166 value increase where zero tax was originally assessed
Section 6166(h) Example 2 - Part of a deficiency is attributable to an increase in non-6166 asset values
Section 6166(h) Example 3 - Multiple changes including a Schedule K decrease and a Long Form apportionment of deficiency
Section 6166(h) Example 4 - CCA 201302037 illustration where no part of a deficiency is eligible for a section 6166(h) election
Section 6166(i) – Special Rule for Certain Direct Skips
Section 6166(i) Overview
Section 6166(j) – Regulations
Section 6166(j) Overview
Section 6166(k)(1) – Security - Section 6165
Section 6166(k)(1) Overview
Section 6166(k)(2) – Lien - Section 6324A
Section 6166(k)(2) Overview - Section 6324A
6324A Lien Procedures
Section 6166(k)(3) – Period of Limitation - Section 6503(d)
Section 6166(k)(3) Overview - Section 6503(d)
Section 6166(k)(4) – Interest - Section 6601(j)
Section 6166(k)(4) Overview - Section 6601(j)
Section 6601(j) Computation Examples
Section 6601(j) Example 1
Section 6601(j) Example 2
Section 6601(j) Example 3
Section 6601(j) Example 4
Section 6601(j) Example 5
Section 6166(k)(5) – Transfers Within 3 Years of Death - Section 2035(c)(2)
Overview - Section 6166(k)(5) and Section 2035(c)(2)
Section 6166(k)(5) Computation Examples
Section 6166(k)(5) Example 1 - Minnesota Computation 3
IRS Internet Resources
Document 6209 - IRS Processing Codes and Information
Document 11734 - IRS Transaction Codes Pocket Guide
IRS Electronic Reading Room
IRS Link - Resources for Tax Law Changes
IRS Tax Statistics Home Page
Estate Tax Statistics - Index
Estate Tax Returns Filed for Wealthy Decedents 2006 - 2015 - Chart
Estate Tax Returns Filed From 1995 to 2017 - Data
IRS Forms, Instructions, and Publications Search Page
IRS Draft Forms and Instructions - 2012 to date
Form 706-A Instructions
Form 706-CE
Form 706-D Instructions
Form 706-GS(D) Instructions
Form 706-GS(D-1) Instructions
Form 706-GS(T) Instructions
Form 706-NA Instructions
Form 706-QDT Instructions
Form 843 Instructions
Form 3520-A Instructions
Form 4768 Instructions
Form 7004 Instructions
Form 8821 Instructions
Form 8855
Form 8971 Instructions
Form 13925
IRM Table of Contents - Part 1 - Part 39
IRM Part 4 - Examining Process Index, IRM 4.1 - 4.119 (Includes Estate Tax IRMs 4.25.1 - 4.25.14)
IRM 4.25.1 - Estate and Gift Tax Examinations
IRM 4.25.2 - Campus Procedures for Estate Tax
IRM 4.25.3 - Estate and Gift Tax Planning, Classification, and Selection
IRM 4.25.4 - International Estate and Gift Tax Examinations
IRM 4.25.5 - Technical Guidelines for Estate and Gift Tax Issues
IRM 4.25.6 - Report Writing Guide for Estate and Gift Tax Examinations
IRM 4.25.7 - Estate and Gift Tax Penalty and Fraud Procedures
IRM 4.25.8 - Estate and Gift Tax Delinquent Returns and SFR Procedures
IRM 4.25.9 - Requests for Abatement, Claims for Refund, and Doubt as to Liability in Estate and Gift Tax Cases
IRM 4.25.10 - Estate and Gift Tax Case Closing Procedures
IRM 4.25.11 - Estate and Gift Tax Special Examination Procedures
IRM 4.25.12 - Estate and Gift Tax Valuation Assistance
IRM 4.25.13 - Estate and Gift Tax Appeals, Mediation, and Settlement Procedures
IRM 4.25.14 - Estate and Gift Tax Miscellaneous Procedures
IRM 5.5.6 - Collection on Accounts with Special Estate Tax Elections
IRM 8.7.4 - Appeals Estate and Gift Tax Cases
Reg. 601.504(b) - Power of Attorney
Tax Policy Center Estimate of Estate Tax Returns and Liability Under Current Law 2011-2022
GAO Report on Appraisals - June 2012
IRS Searchable list of CCAs, TAMs, and PLRs (1999 to date)
CCA 201650017
CCA 201645013
CCA 201631011
CCA 201622032
CCA 201621014
CCA 201614036
CCA 201536020
CCA 201509033
CCA 201304006
CCA 201302037
CCA 201226027
CCA 201144027
PLR 201702004
PLR 201343004
PLR 201015003
PLR 200939003
PLR 200842012
PLR 200613020
PLR 200529006
PLR 200339043
PLR 200321006
PLR 200043031
PLR 200006034
PLR 199929025
PLR 8527003
PLR 8813047
PLR 8846001
PLR 8846001 Computation Illustration 1
PLR 8846001 Computation Illustration 2
PLR 8846001 Computation Illustration 3
PLR 8846001 Computation Illustration 4
PLR 6612073550A
Rev. Proc. 2016-42
Rev. Proc. 2014-61
Rev. Proc. 2013-35
Rev. Proc. 2011-52
Rev. Proc. 95-17 and Rev. Proc. 83-7
Rev. Rul. 67-110
Rev. Rul. 67-161
Rev Rul 74-499
Rev Rul 76-51
Rev Rul 76-51, amplifying Rev Rul 74-499, Illustrated
Rev. Rul. 81-294
Rev. Rul. 81-294 Illustrated
FAAs, LMs, GCMs, Notices, Information Letters
IRS Searchable list of Information Letters (2000 to date)
Info. Ltr. 2016-0038
Notice 2015-38
Notice 2007-90
FAA 20152201F
LM 201429023
FAA 20124602F
Mar-13-2020 - Interest rates remain the same for the second quarter of 2020 beginning April 1. See Revenue Ruling 2020-07.
Feb-18-2020 - We edited the explanatory language to further clarify why the passive asset rules of subsection 6166(b)(9) do not apply for purposes of the 35% test when section 6166 interests are sold shortly after death. Our commentary for Section 6166(g)(1)(A) has also been edited.
Nov-07-2019 - Our table, Calculating the 2% Portion of Deferred Tax, has been updated with a reference fo Rev. Proc. 2019-44, which provides the estate and gift tax inflation-adjusted amounts for 2020. The maximum 2% portion of deferred tax for estates of decedents dying in 2020 is $628,000.
Oct-28-2019 - A link to a new page, Section 6166(b)(9) Passive Asset Rules Do Not Apply After Date of Death for Purposes of the 35% Test, is located under the green title bar, Section 6166(b)(9) - Deferral Not Available for Passive Assets. In addition, the page illustrating section 6166 Bifurcation Concepts has been updated with the latest information from the Estate and Gift Tax IRMs.
Sep-16-2019 - Our table, Calculating the 2% Portion of Deferred Tax, has been updated with the 2020 inflation factor. The maximum 2% portion of deferred tax for estates of decedents dying in 2020 will be $628,000.
Legal and Procedural Updates
Dec-03-2019 - Final regulations captioned Estate and Gift Taxes; Difference in the Basic Exclusion Amount (TD 9884), with a new entry for Reg. section 20.2010-1(c), were published on Nov-26-2019.
Nov-07-2019 - Rev. Proc. 2019-44 contains the following inflation-adjusted amounts for 2020: $11,580,000 unified credit (at item .41); $1,180,000 §2032A adjustment (at .42); $15,000 gift tax annual exclusion (at .43); and $1,570,000 as the §6601(j) 2% amount for purposes of section 6166 (at .51).
Nov-06-2019 - IRS is soliciting comments concerning Form 706-QDT. Form 706–QDT is used by the trustee or the designated filer to compute and report the Federal estate tax imposed on qualified domestic trusts by Internal Revenue Code section 2056A. Written comments should be received on or before January 6, 2020 to be assured of consideration.
Oct-25-2019 - IRS is soliciting comments concerning the collection of information related to the requirements to ensure collection of section 2056A estate tax. Written comments should be received on or before December 24, 2019 to be assured of consideration.
Oct-09-2019 - IRS released its initial 2019 - 2020 Priority Guidance Plan.
Sep-30-2019 - In PLR 201938002 a supplemental 706 return making a §2032 alternate valuation was filed wirthin one year of the original 706 filing date. IRS granted the request under §301.9100-3 because the estate had relied on a law firm's failure to advise it to make the alternate valuation request on the orignal return, and the supplemental return was filed in response to the law firm's determination that the election should have been made.
Sep-25-2019 - The 2019 Instructions for Form 706 have been published.
Sep-04-2019 - Form 706 for estates of decedents dying in 2019 has been published. The 2019 Instructions for Form 706 have not yet been published.