Identify Which of the Following Statements Is False

question 89

Multiple Choice

Identify which of the following statements is false.

• A)Gift tax returns are due annually by April 15 following the year of the gift. No extensions are allowed.
• B)The donor pays the gift tax generally.
• C)Gift tax returns are filed on a calendar-year basis.
• D)Receipt of an extension of time for filing a gift tax return does not extend the due date for payment of the gift tax.