Section 6166(g)(1)(D)

Section 6166(g)(1)(D) provides:

• (g) Acceleration of payment
  • (D) Subparagraph (A)(i) does not apply to a transfer of property of the decedent to a person entitled by reason of the decedent's death to receive such property under the decedent's will, the applicable law of descent and distribution, or a trust created by the decedent. A similar rule shall apply in the case of a series of subsequent transfers of the property by reason of death so long as each transfer is to a member of the family (within the meaning of section 267(c)(4)) of the transferor in such transfer.

This rule applies to transfers of interests in any type of closely held business, not just stock in a corporation.