10. Which of the following is (are) correct about Form 706, Estate Tax Return?

1. The return is due within six months of the date of death and may be extended.

2. The return may be extended for up to nine months.

3. To elect portability of the DSUE amounts to a surviving spouse, the executor must file the Form 706 and elect this treatment.

4. The return is due within nine months of the date of death and may be extended for six months.

a. 1 and 3 b. 3 and 4 c. 1 only d. 4 only

11. The value of closely held businesses may be significantly reduced using various discounts.

Which of the following is not a valuation discount?

a. Minority Discount

b. Lack of Marketability Discount

c. Alternate Valuation Date Discount

d. Key Person Discount