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Trusts Typically Use a Calendar Tax Year

question 124

True/False

Trusts typically use a calendar tax year.


Definitions:

Death

The cessation of all biological functions that sustain a living organism.

Irreversible

Unable to be undone or altered.

Piaget

A Swiss psychologist known for his pioneering work in child development, specifically his theory of cognitive development that describes how children's intellectual abilities evolve through four stages.

Cognitive Development

The growth and change in mental capabilities over time, including learning, memory, problem-solving, and decision-making.

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