§ 6163. Extension of time for payment of estate tax on value of reversionary or remainder interest in property

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(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.

(Aug. 16, 1954, ch. 736, 68A Stat. 763; Pub. L. 85–866, title I, § 66(b)(1), Sept. 2, 1958, 72 Stat. 1658; Pub. L. 88–272, title II, § 240(a), Feb. 26, 1964, 78 Stat. 129; Pub. L. 93–625, § 7(d)(1), Jan. 3, 1975, 88 Stat. 2115; Pub. L. 94–455, title XIX, § 1906(b)(13)(A), title XX, § 2004(c)(3), Oct. 4, 1976, 90 Stat. 1834, 1868.)

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Aug. 16, 1954, ch. 736
68A Stat. 763
Pub. L. 85–866, title I, § 66(b)(1)
72 Stat. 1658
Pub. L. 88–272, title II, § 240(a)
78 Stat. 129
Pub. L. 93–625, § 7(d)(1)
88 Stat. 2115
Pub. L. 94–455, title XIX, § 1906(b)(13)(A)
90 Stat. 1834
Pub. L. 94–455, § 1906(b)(13)(A)
Pub. L. 94–455, § 2004(c)(3)
Pub. L. 93–625
Pub. L. 88–272
Pub. L. 85–866
section 2004(c)(3) of Pub. L. 94–455
section 2004(g) of Pub. L. 94–455
section 7(e) of Pub. L. 93–625
Pub. L. 88–272, title II, § 240(c)
Pub. L. 99–514, § 2
100 Stat. 2095
Pub. L. 85–866, title I, § 66(b)(3)

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§ 6163

Extension of time for payment of estate tax on value of reversionary or remainder interest in property

Stat.×5

U.S.C.§ 6601

U.S.C.§ 6166

U.S.C.§ 6621

ActAug. 16, 1954, ch. 736

Stat.68A Stat. 763

Pub. L.Pub. L. 85–866, title I, § 66(b)(1)

Stat.72 Stat. 1658

Pub. L.Pub. L. 88–272, title II, § 240(a)

Cites 25 · showing 8Cited by 5 across 1 source