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safezone safezone
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Posts: 782
7 years ago
Identify which of the following statements is false.
A) The "blockage" regulations allow the IRS to prevent the estate's executor from electing the alternate valuation date.
B) If the alternate valuation date is elected, changes in value that occur solely because of a "mere lapse of time" usually are to be ignored.
C) The alternate valuation date can be elected for estate tax purposes only if the election decreases the value of the gross estate and estate tax liability (after reduction for credits).
D) If property is sold within 6 months of the date of death, the alternative valuation date is the date of sale.
Textbook 
Prentice Hall's Federal Taxation 2014 Corporations, Partnerships, Estates & Trusts

Prentice Hall's Federal Taxation 2014 Corporations, Partnerships, Estates & Trusts


Edition: 27th
Authors:
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That's not philosophy, it's geometry
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genflynngenflynn
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Posts: 517
7 years ago
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More solutions for this book are available here
1
We have the most crude accounting tools. It's tragic because our accounts and our national arithmetic doesn't tell us the things that we need to know.

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safezone Author
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7 years ago
Thanks
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Yesterday
Correct Slight Smile TY
wrote...

2 hours ago
Good timing, thanks!
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