Identify Which of the Following Statements Is False

Multiple Choice

Identify which of the following statements is false.

A) Gift tax returns are due annually by April 15 following the year of the gift. No extensions are allowed.
B) The donor pays the gift tax generally.
C) Gift tax returns are filed on a calendar-year basis.
D) Receipt of an extension of time for filing a gift tax return does not extend the due date for payment of the gift tax.