Identify Which of the Following Statements Is False

question 93

Multiple Choice

Identify which of the following statements is false.

• A)The "blockage" regulations allow the IRS to prevent the estate's executor from electing the alternate valuation date.
• B)If the alternate valuation date is elected, changes in value that occur solely because of a "mere lapse of time" usually are to be ignored.
• C)The alternate valuation date can be elected for estate tax purposes only if the election decreases the value of the gross estate and estate tax liability (after reduction for credits).
• D)If property is sold within 6 months of the date of death, the alternative valuation date is the date of sale.

---

Definitions:

Surgical Procedure

A medical intervention involving an incision with instruments, performed to repair damage or arrest disease in a living body.

Inner Ear

The innermost part of the ear, containing the cochlea, vestibule, and semicircular canals, responsible for hearing and balance.

Acute Otitis Media

A rapid onset of inflammation in the middle ear, often associated with infection and causing ear pain and fever.

Light Reflex

The natural response of the pupil to contract when exposed to bright light, used to assess neurological function.