Are the following true or false about Ferdral Income Tax based on $2023$Tax Law.

The fair market value of property received as a result of a bartering transaction must be included in the recipient's gross income.

Stock distributions of convertible preferred stock to a company's common stock shareholders are always taxable to the recipient.

Gross income may be received via cash, receivables, property, and land, but not any any other form of economic benefit.

Discharge of an individual's debt in a Title $11$ bankruptcy case does not result in the recognition of income by the individual whose debt was discharged.

If an employee receives common stock of his$/$her corporate employer as compensation for services rendered, the fair market value of the stock at the time of transfer is included in the recipient shareholder's income.

An individual who receives a court ordered sum of money as punitive damages must include the amount in his$/$her gross income.

As a general rule, an employee receives an exclusion from gross income for a no$-$additional cost benefit only if the employer must incur significant additional cost in order to provide the benefit.

The donor of a gift is entitled to a deduction "for" adjusted gross income in an amount equal to the value of the gift.

If a taxpayer receives corporate stock as compensation for services rendered to the corporation, the par value of the stock at the time of transfer is included in the recipient's gross income.

As a general rule, the value of an inheritance is included in gross income of the beneficiary$/$heir$.$