Identify Which of the Following Statements Is True

question 6

Multiple Choice

Identify which of the following statements is true.

• A) When a cash- basis taxpayer elects to take a credit for accrued foreign income taxes, certain other income and expense items must likewise be accrued.
• B) A nonresident alien can elect to be considered a resident alien if the nonresident alien is married to a U.S. citizen or a resident alien sometime during the tax year and both spouses consent.
• C) The taxpayer may revoke an election to exclude foreign- source earned income if a loss is incurred from foreign employment.
• D) All of the above are true.