Identify Which of the Following Statements Is True

question 72

Multiple Choice

Identify which of the following statements is true.

• A)When a cash-basis taxpayer elects to take a credit for accrued foreign income taxes, certain other income and expense items must likewise be accrued.
• B)The taxpayer may revoke an election to exclude foreign-source earned income if a loss is incurred from foreign employment.
• C)A nonresident alien can elect to be considered a resident alien if the nonresident alien is married to a U.S. citizen or a resident alien sometime during the tax year and both spouses consent.
• D)All of the above are true.

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Definitions:

Lesbians

Females who experience emotional, romantic, or sexual feelings towards other females.

Gay Community

A collective of individuals who identify as homosexual, often sharing a common culture and support system.

Support

The provision of assistance, encouragement, or resources to individuals or groups to help them cope with challenges, achieve goals, or improve their well-being.

Native American Families

Families belonging to the indigenous peoples of the United States, known for their rich traditions, cultures, and ties to their ancestral lands.