Internal Revenue Code (Title 26 U.S.C.)
26 U.S.C. § 6163
Extension of time for payment of estate tax on value of reversionary or remainder interest in property
# (a)
Extension permitted If the value of a reversionary or remainder interest in property is included under chapter 11 in the value of the gross estate, the payment of the part of the tax under chapter 11 attributable to such interest may, at the election of the executor, be postponed until 6 months after the termination of the precedent interest or interests in the property, under such regulations as the Secretary may prescribe.
# (b)
Extension for reasonable cause At the expiration of the period of postponement provided for in subsection (a), the Secretary may, for reasonable cause, extend the time for payment for a reasonable period or periods not in excess of 3 years from the expiration of the period of postponement provided in subsection (a).
# (c)
Cross reference For authority of the Secretary to require security in the case of an extension under this section, see section 6165.
Source: view the official text
Nearby sections (25 sections)
- 6117 · Cross reference
- 6151 · Time and place for paying tax shown on returns
- 6152 · [§6152. Repealed. Pub. L. 99–514, title XIV, §1404(c)(1), Oct.…
- 6153 · [§6153. Repealed. Pub. L. 98–369, div. A, title IV, §412(a)(3),…
- 6154 · [§6154. Repealed. Pub. L. 100–203, title X, §10301(b)(1), Dec.…
- 6155 · Payment on notice and demand
- 6156 · [§6156. Repealed. Pub. L. 108–357, title VIII, §867(b)(1), Oct.…
- 6157 · Payment of Federal unemployment tax on quarterly or other time…
- 6158 · [§6158. Repealed. Pub. L. 101–508, title XI, §11801(a)(44), Nov.…
- 6159 · Agreements for payment of tax liability in installments
- 6161 · Extension of time for paying tax
- 6162 · [§6162. Repealed. Pub. L. 94–455, title XIX, §1906(a)(12), Oct.…
- 6163 · Extension of time for payment of estate tax on value of…
- 6164 · Extension of time for payment of taxes by corporations expecting…
- 6165 · Bonds where time to pay tax or deficiency has been extended
- 6166 · Extension of time for payment of estate tax where estate…
- 6166A · [§6166A. Repealed. Pub. L. 97–34, title IV, §422(d), Aug. 13,…
- 6167 · Extension of time for payment of tax attributable to recovery of…
- 6201 · Assessment authority
- 6202 · Establishment by regulations of mode or time of assessment
- 6203 · Method of assessment
- 6204 · Supplemental assessments
- 6205 · Special rules applicable to certain employment taxes
- 6206 · Special rules applicable to excessive claims under certain…
- 6207 · Cross references