(1) No final account of a personal representative in any probate proceeding who is required to file a federal estate tax return may be allowed and approved by the court before whom the proceeding is pending unless it is shown by evidence satisfactory to the commission and the court finds that the tax imposed on the property in this chapter, including applicable interest and penalties, has been paid in full, that an agreement for the payment of the tax on an installment basis has been entered into, or that no tax is due. (2) The commission shall have the authority to determine the fair market value of property subject to tax under this chapter and in making such determination, the commission may require that appraisals or other necessary information be supplied by the personal representative. Any deficiencies must be asserted and assessments made within the time limitations as set forth under section 6501 and the regulations thereunder.
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