Question

Question 70 of 75. A donor can obtain a filing extension for a gift tax return which allows: Automatic four-month extension. O Automatic six-month extension. Six-month extension if there is reasonable cause. Four-month extension if there is reasonable cause.

Answer 1

Question No. (70)

Answer -

As per Section 6075(b)(2) of the IRS tax code , an automatic six-month extension of time granted to a donor to file the donor's personal income tax return.

Therefore, a donor can obtain an automatic six-month filing extension for a gift tax return.

Hence, Option - (B) is Correct.