Identify Which of the Following Statements Is True

question 106

Multiple Choice

Identify which of the following statements is true.

• A)The period for payment of estate taxes may be extended if the executor shows "reasonable cause" for not being able to pay some, or all, of the estate tax liability on the regular due date.
• B)The estate tax on interests in certain closely held businesses may be paid in installments over a 15-year period if elected.
• C)An executor may elect to postpone payment of the estate tax attributable to a remainder or reversionary interest until eight months after the interests of the other person(s)terminate.
• D)All of the above are false.

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Definitions:

Client

A computer or software application that accesses services or resources from a server in a networked environment.

DoS Attack

Short for Denial of Service attack, it is a malicious attempt to disrupt the normal functioning of a targeted server, service, or network by overwhelming it with a flood of Internet traffic.

Company Server

A powerful computer or device on a network that manages network resources and stores data central to the operations of a business.

Home Network

A private network within a residence, connecting various digital devices, allowing them to communicate and share resources with each other.