Match Each Statement with the Correct Choice

question 143

Short Answer

Match each statement with the correct choice. Some choices may be used more than once or not used at all.
a.Living trusts
b.Income in respect of a decedent (IRD)
c.Conservation easement
d.Discretionary extension of time to pay estate tax (§ 6161)
e.Estate freeze-corporations
f.Extension of time involving interest in closely held business (§ 6166)
g.Special use valuation as to certain realty (§ 2032A)
h.Recapture potential under §§ 1245 and 1250 eliminated
i.Alternate valuation date (§ 2032)
j.Election to split gifts (§ 2513)
k.No correct choice is given
-Can postpone payments of the estate tax for up to 10 years from due date of the return.

---

Definitions:

Catholic Reformation

A period of Catholic revival and reformation in the 16th century, partly in response to the Protestant Reformation, aiming to reform the Church from within.

Flanders

A region located in parts of Belgium, France, and the Netherlands, known for its historic cities, Flemish art, and as a battleground during both World Wars.

Dutch Culture

The customs, arts, social institutions, and achievements of the Netherlands and its people.

French Culture

The arts, customs, languages, and social behaviors of the French people that have developed over centuries.