Which of the following statements are correct?

I. The donee of a gift is liable for any gift tax due.

II$.$ Qualified transfers must be made directly to the provider of the services $($e$.$g$.,$ a hospital or university$).$

III. Once a completed gift is made, income generated by the property that was subject to the gift will be taxable to the donee.

IV$.$ Gifts of future interests do not qualify for the annual exclusion.

Question $25$ options:

I, III, and IV only

I, II$,$ III, and IV

I, II$,$ and III only

II$,$ III, and IV only