A personal representative may elect to make installment payments of the North
Carolina estate tax in the same manner as elected for federal estate tax under
section 6166 of the Internal Revenue Code. Payments under this election are
due at the same time in the same proportion to the total tax due as payments
of federal tax. Acceleration of the federal payments automatically accelerates
the North Carolina payments.
Last modified on:
10/31/07 03:53:06 PM.