Which of the Following Is a True Statement About the Federal

question 84

Multiple Choice

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

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

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Definitions:

Hallucinations

Perceptions that occur without an external stimulus, but which have the compelling sense of reality of true perceptions.

Agoraphobia

Anxiety disorder characterized by fear of places and situations in which it would be difficult to escape, such as enclosed places, open spaces, and crowds.

Paranoia

A mental condition characterized by delusions of persecution, unwarranted jealousy, or exaggerated self-importance, typically worked into an organized system.

Major Depression

A mental disorder characterized by a persistent feeling of sadness, loss of interest, and other emotional and physical symptoms that significantly impair daily functioning.