The generation-skipping tax is designed to accomplish which of the following?
A) Prevent the avoidance of transfer taxes (both estate and gift tax) through transfers that skip a generation of recipients.
B) Eliminate the possibility that the estate tax can be avoided by gifts in contemplation of death.
C) Generate additional revenues to supplement the estate tax.
D) Replace the gift tax on distributions from trusts.
E) None of the choices are correct.
Correct Answer:
Verified
Q78: At her death Tricia owned a life
Q79: At his death Stanley owned real estate
Q80: This year Nathan transferred $2 million to
Q82: At his death Jose owned real estate
Q84: Which of the following is a true
Q85: Chloe's gross estate consists of the following
Q86: Ethan owned a vacation home at the
Q87: Harold and Mary are married and live
Q88: Which of the following is a true
Q97: This year Alex's friend,Kimberly,was disabled.Alex paid $25,000
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents