Which of the Following Is a True Statement About the Federal

question 49

Multiple Choice

Which of the following is a true statement about the federal gift tax return (Form 709) ?

• A)Form 709 is due by the 15 ^th day of the ninth month following the date of the gift.
• B)Form 709 must be filed if a taxpayer wishes to elect gift-splitting.
• C)Form 709 need not be filed unless a taxpayer's taxable gifts exceed the exemption equivalent.
• D)Form 709 is due nine months after the death of the decedent.
• E)None of the choices are true.

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Developing Nations

Countries with lower levels of socioeconomic development, characterized by lower incomes, less industrialization, and often higher levels of poverty compared to developed countries.

World Bank

A worldwide financial entity that supplies loans and grants to the governments of developing countries to support capital project initiatives.

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