### Question
What is the definition of closely held business amount?


### Answer
The definition of **closely held business amount** is as follows in *26 U.S.C. § 6166*:

> the value of the interest in a closely held business which qualifies under subsection (a)(1)

#### Citation:
  - *26 U.S.C. § 6166*
  - Heading: **Subtitle F-Procedure and Administration > CHAPTER 62-TIME AND PLACE FOR PAYING TAX > Subchapter B-Extensions of Time for Payment**

