In the Year of Death, the Estate's Executor Must File

question 58

True/False

In the year of death, the estate's executor must file a final (terminal) tax return.

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Definitions:

Free Trade

International trade left to its natural course without tariffs, quotas, or other restrictions.

Low Tax Rates

A situation in which the percentage at which an individual or corporation is taxed is lower than the typical or average rate.

Special-Interest Effect

The phenomenon where policies or regulations are influenced primarily by a small, vocal group acting in its own interest, rather than the broader public interest.

Private-Sector Provision

Goods and services provided by businesses and private individuals rather than the government, often driven by profit.