In Determining Whether a Dividend Issued on Stock Held by a Decedent

question 109

True/False

In determining whether a dividend issued on stock held by a decedent is included in the gross estate, the record date
(rather than the declaration or payment dates) controls.

---

Definitions:

Independent Contractor

An individual or entity contracted to perform work for another party without being subject to the hiring party's control over the details of the work's performance.

Reimbursement

Compensation for money already spent or costs incurred by an individual, typically by their employer or another organization.

Employment

A formal relationship between an employer and an employee where the employee performs work or services in exchange for compensation.

Confidential Information

Sensitive data or knowledge not to be disclosed to unauthorized persons, often protected by legal or contractual agreement.