Which, If Any, of the Following Is a Correct Statement

question 157

Multiple Choice

Which, if any, of the following is a correct statement regarding the filing of a gift tax return (Form 709) ?

• A)A donor must file a Form 709 in the same year in which the gift was made.
• B)The due date of a Form 709 is the same as the due date of the donor's Form 1040.
• C)A Form 709 may have to be filed even though the value of the gift was less than the amount of the annual exclusion.
• D)Melody gives her husband a new Mercedes convertible for his birthday. Melody must file a Form 709 to report the gift even though no gift tax results.
• E)None of the above.

---

Definitions:

Obsessive-Compulsive Disorder

A mental disorder characterized by intrusive thoughts that produce anxiety (obsessions) and repetitive behaviors meant to reduce that anxiety (compulsions).

Phobic Disorder

A type of anxiety disorder characterized by an intense and irrational fear of specific objects, activities, or situations that poses little to no actual danger.

Bipolar Disorder

A mental health condition characterized by significant mood swings including manic highs and depressive lows.

Conversion Disorder

A somatoform disorder in which a person suffers a loss of motor or sensory functioning in some part of the body; the loss has no physical cause but solves some psychological problem.