Which of the Following Is FALSE with Respect to the Final

question 4

Multiple Choice

Which of the following is FALSE with respect to the final tax returns of deceased taxpayers?

• A)Unused net capital losses less any capital gains deductions previously claimed are deductible against any income.
• B)Non-refundable tax credits are prorated to the date of death on the final tax return.
• C)A Rights or Things return may be filed in addition to the final tax return.
• D)Of the tax returns available for a deceased taxpayer, only the final tax return must be filed.

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Definitions:

Expatriates

Individuals who live and work outside their native country, usually for a business or professional reason.

Foreign Assignment

A work task or role assigned to an employee that involves working in a country other than their own.

Home Countries

The countries where multinational corporations are headquartered or originate from.

Balance Sheet Approach

A method in expatriate management that aims to maintain an employee's standard of living when assigned overseas, by adjusting salary based on cost of living, housing, and other factors.