Which of the following is a CORRECT statement concerning whether a transfer is a gift for federal gift tax purposes?

A) The gift tax does not apply to the forgiveness of one or two loan payments if the loan is from a parent(s) to an adult child to use for education or for the down payment on a house, the loan is evidenced by a promissory note, and there is a reasonable expectation that the child will make the remaining payments.

B) The gift tax does not apply to a situation where a donee disclaims her right in the property in favor of someone else that she names.

C) The gift tax applies only when a donor intentionally and voluntarily transfers property to another and does not receive equal value for what was given.

D) In most states, there is no immediate gift tax consequence of adding a childs name to a parents existing bank accounts so that the child can assist in paying the parents bills.