Which is FALSE in partial disposition of estate? O The taxpayer is required to execute an undertaking that the proceeds shall be exclusively used for the payment of estate tax O In case of failure to pay, total estate tax due shall be immediately due and demandable without penalties if taxpayer has justifiable reason O The estate is still required to file the estate tax return within the prescriptive period O The BIR may allow the sale of a portion of property without payment of estate tax provided the proceeds shall be used for the payment of estate tax
Which is FALSE in partial disposition of estate? O The taxpayer is required to execute an undertaking that the proceeds shall be exclusively used for the payment of estate tax O In case of failure to pay, total estate tax due shall be immediately due and demandable without penalties if taxpayer has justifiable reason O The estate is still required to file the estate tax return within the prescriptive period O The BIR may allow the sale of a portion of property without payment of estate tax provided the proceeds shall be used for the payment of estate tax
Chapter9: Specialized Trusts
Section: Chapter Questions
Problem 3CTD
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Transcribed Image Text:Which is FALSE in partial disposition of estate?
O The taxpayer is required to execute an undertaking that the proceeds shall be exclusively
used for the payment of estate tax
O In case of failure to pay, total estate tax due shall be immediately due and demandable
without penalties if taxpayer has justifiable reason
O The estate is still required to file the estate tax return within the prescriptive period
The BIR may allow the sale of a portion of property without payment of estate tax provided
the proceeds shall be used for the payment of estate tax
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