The tax attributable to a closely held business can be deferred but only if the business is at least 50 percent of the estate.

Question

Quizplus · Accepted Answer

The tax attributable to a closely held business can be deferred under certain conditions, but the requirement is not that the business must be at least 50 percent of the estate. The IRS allows deferral if the business constitutes more than 35 percent of the adjusted gross estate.

The Tax Attributable to a Closely Held Business Can Be