A Gift Tax Return Does Not Need to Be Filed

question 90

True/False

A gift tax return does not need to be filed unless the taxpayer has made current gifts in excess of the applicable credit.

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Definitions:

Tennessee

A U.S. state located in the southeastern region, known for its music heritage, particularly in the genres of country, blues, and rock 'n' roll.

State Court

A court that is established by the laws of a state and that has jurisdiction over disputes under state law.

Jurisdiction

The official power to make legal decisions and judgments, typically defined by geographic area or specific types of legal cases.

Discovery Tools

Procedures used in legal proceedings to obtain evidence from the opposing party, including depositions, interrogatories, and requests for documents.