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Posts: 782
2 years ago
Identify which of the following statements is false.
A) Special use valuation is available for farmland to help alleviate liquidity problems.
B) The transferee is liable for the generation-skipping transfer tax (GSTT) in the case of a direct skip.
C) The generation-skipping transfer tax (GSTT) is imposed to assure that some form of transfer taxation is imposed once a generation.
D) A direct skip skips one or more generations.
Textbook 

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


Edition: 27th
Authors:
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1 Reply
That's not philosophy, it's geometry
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2 years ago
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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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