American College Exam HS330 Topic 1 Question 12 Discussion

Actual exam question for American College's HS330 exam

Question #: 12
Topic #: 1

All the following statements concerning filing the federal estate tax return are correct EXCEPT:

AFor persons dying this year, an estate tax return must be filed for gross estates plus adjusted taxable gifts that exceed $1.5 million.

BThe estate tax return must be filed within 9 months of death unless an extension is granted by the IRS.

CAn extension to file the estate tax return must be received and granted by the IRS before the time for filing the return expires.

DAn automatic one-year extension for filing the estate tax return is granted when the decedent dies overseas.

Show Suggested Answer

Suggested Answer: D

by Myra at May 05, 2022, 08:02 AM

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