Which of the Following Is a True Statement About the Federal

question 9

Multiple Choice

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

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

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Definitions:

Rumination

The compulsive focus on one's distress, and the circumstances surrounding it, without actively seeking solutions.

Dejection

A state of melancholy, despair, or depression.

Depression

A psychological condition marked by a continuous low mood or disinterest in activities, significantly disrupting daily functioning.

Reduced Range

A limitation or decrease in the extent or scope of something, often regarding movements or options.