Identify which of the following statements is true.

Question

Quizplus · Accepted Answer

Statement A is false because the estate tax return is due 9 months after the decedent's date of death, with a possible 6-month extension. Statement B is false because the estate tax payment is due in installments, and the first installment is not due until 9 months after the decedent's date of death. Statement C is true because the exemption equivalent is the threshold for filing an estate tax return, and for tax year 2021, the exemption equivalent is $11.7 million.

Identify Which of the Following Statements Is True