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Which of the following statements are true?



A. The period for payment of estate taxes may be extended if the executor shows \ easonable cause\ for not being able to pay some, or all, of the estate tax liability on the regular due date
B. The estate tax on interests in certain closely held businesses may be paid in installments over a 15-year period if elected
C. An executor may elect to postpone payment of the estate tax attributable to a remainder or reversionary interest until eight months after the interests of the other person(s) terminate
D. All are false

This question is part of Account statements quiz - 2
Asked by Advanced_tax, Last updated: Jun 01, 2020

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advanced_tax

Advanced_tax

Answered May 08, 2018

The period for payment of estate taxes may be extended if the executor shows "reasonable cause" for not being able to pay some, or all, of the estate tax liability on the regular due date
 

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