1. A trust might be used when a married couple is divorcing.

True or False

2. Like an individual, the fiduciary of a trust reports and pays its own Federal income tax liability.

True or False

3. Corpus, principal, and assets as those terms are used in trust taxation are synonyms.

True or False

4. Trusts can select any income tax year-end?

True or False

5. A complex trust pays tax on the income that it accumulates (that it doesnt disburse)?

True or False