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Which of the following statements concerning filing the federal estate tax return is (are) correct?
1. The estate tax return must be filed within 9 months of death unless an extension is granted by the IRS.
2. For persons dying this year. an estate tax return must be filed for gross estates plus adjusted taxable gifts that exceed $1.5 million.
Suggested Answer: C
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24 comments · newest first
CA
Carmelina
2 days ago
I feel like I need to double-check the current limits.
GU
Gussie
7 days ago
Yes, but statement 2 seems outdated.
IR
Irma
12 days ago
Statement 1 is definitely correct.
RO
Rosio
18 days ago
I agree, but I’m unsure about the $1.5 million threshold.
AN
Angella
23 days ago
I think both statements are important.
TA
Tandra
28 days ago
True, better to be safe.
LO
Lorenza
1 month ago
Extensions can be tricky too.
AD
Adolph
1 month ago
Filing on time is crucial!
TA
Tandra
1 month ago
Makes sense to me.
AD
Adolph
2 months ago
Definitely!
LO
Lorenza
2 months ago
So, C is the best choice then?
TA
Tandra
2 months ago
Yes, I remember that from class.
AD
Adolph
2 months ago
The limit is for this year, right?
LO
Lorenza
2 months ago
I agree, but I'm not sure about the $1.5 million limit.
AD
Adolph
2 months ago
I think both statements are correct.
TE
Tequila
3 months ago
Not sure about that $1.5 million threshold.
YO
Yoko
3 months ago
Definitely both statements are true.
IV
Ivette
3 months ago
Wait, $1.5 million? That seems low!
LA
Latrice
3 months ago
I agree, but statement 2 seems off.
BA
Barrett
3 months ago
Statement 1 is correct, 9 months is standard.
CH
Chara
4 months ago
I’m pretty sure both statements are incorrect based on what I studied, but I need to double-check the current limits for this year.
TH
Theola
5 months ago
I practiced a similar question where the estate tax return deadline was mentioned, so I feel confident about statement 1 being correct.
SU
Sue
5 months ago
I think the threshold for filing is higher than $1.5 million this year, but I can't recall the exact amount.
SH
Shanice
5 months ago
I remember something about the 9-month deadline for filing the estate tax return, but I'm not sure if extensions are common.