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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.
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.
Question 6 options:
I only
I and II
I and III
I, II, and III
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