Which of the following statements is true regarding the filing of a gift tax return?
A) Spouses using the gift-splitting provision do not have to file a return unless the gifts exceed $30,000.
B) A gift tax return must be filed when a gift to a church exceeds the annual exclusion.
C) A gift tax return is due within five months of making the gift.
D) No gift tax return is required to be filed for gifts between spouses.
Correct Answer:
Verified
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