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.

---

Definitions:

Selectivity

The action or process of choosing or selecting something from a group according to specific criteria.

Constancy

The quality of being unchanging or steadfast over a period of time.

Social Identity

An individual's sense of who they are based on their group memberships and the value and emotional significance attached to those memberships.

Personal Identity

An individual's conception and expression of their own self and personality, including aspects of their life that make them unique.