Identify Which of the Following Statements Is False

question 12

Multiple Choice

Identify which of the following statements is false.

• A) If the alternate valuation date is elected, changes in value that occur solely because of a "mere lapse of time" usually are to be ignored.
• B) The "blockage" regulations allow the IRS to prevent the estate's executor from electing the alternate valuation date.
• C) If property is sold within 6 months of the date of death, the alternative valuation date is the date of sale.
• D) The alternate valuation date can be elected for estate tax purposes only if the election decreases the value of the gross estate and estate tax liability (after reduction for credits).

---

Definitions:

Sensation

The process by which our sensory receptors and nervous system receive and represent stimulus energies from our environment.

Visible Spectrum

The narrow band of light waves that are visible to the human eye.

Light

Electromagnetic radiation within a certain portion of the electromagnetic spectrum, perceived by the human eye.

Just Noticeable Difference

The smallest change in stimulation that a person can reliably detect.