Which of the following would not generally be subject to federal estate and gift taxes?
Which of the following would not generally be subject to federal estate and gift taxes?
Question 14 options:
An alien who is physically present in the U.S. at the time of his death
A person who is not a citizen, nor a resident, of the U.S. but owns stock issued by a U.S. corporation
A U.S. citizen not residing in the U.S.
An alien who is “domiciled” in the U.S.
Question 15 (1 point)
A qualified domestic trust (QDOT):
Question 15 options:
Cannot qualify for the marital deduction unless a special election is filed by the trustee.
Must have at least one trustee that is an individual who is a U.S. citizen or a domestic corporation
Must be a trust over which the surviving spouse has the right to all income and a general power of appointment
Is not subject to federal estate or gift taxes
Looking for a Similar Assignment? Order now and Get 10% Discount! Use Coupon Code "Newclient"
