CPA 2026 REG Tax Regulation Estate Tax Free Quiz 1

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CPA 2026 REG Tax Regulation Estate Tax Free Quiz 1

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CPA 2026 REG Tax Regulation Estate Tax Free Quiz 1

Practice CPA 2026 REG Tax Regulation MCQs from Estate Tax. Get instant results with Explanation.

General10 MCQs

1. What is included in the gross estate for estate tax purposes?

A. The gross estate includes only probate assetsB. The gross estate includes all property in which the decedent had an interest at deathC. The gross estate excludes life insurance proceedsD. The gross estate is the same as the taxable estate

2. What is the taxable estate?

A. The taxable estate is the gross estate minus the unified creditB. The taxable estate is the gross estate minus only the marital deductionC. The taxable estate is the gross estate reduced by deductions such as marital and charitable deductionsD. The taxable estate is the same as the gross estate

3. What is the unified credit for estate tax?

A. The unified credit allows a certain amount of transfers to be free of estate and gift taxB. The unified credit is the same as the annual exclusionC. The unified credit is only available for estate tax, not gift taxD. The unified credit is $1 million for all taxpayers

4. What is the marital deduction in estate tax?

A. The marital deduction is limited to $1 millionB. The marital deduction is not available for non-citizen spousesC. The marital deduction is available for all transfers to spousesD. The marital deduction allows an unlimited deduction for property passing to a surviving spouse who is a US citizen

5. What is the charitable deduction in estate tax?

A. The charitable deduction is limited to 50% of the estateB. The charitable deduction is unlimited for bequests to qualified charitiesC. The charitable deduction is only available for cash bequestsD. The charitable deduction is not available for estates over $5 million

General10 MCQs

6. When are life insurance proceeds included in the gross estate?

A. Life insurance proceeds are always included in the gross estateB. Life insurance proceeds are never included in the gross estateC. Life insurance proceeds are included if the decedent had incidents of ownershipD. Life insurance proceeds are included only if the policy was paid by the decedent

7. What is the alternate valuation date for estate tax?

A. The alternate valuation date is six months after the date of deathB. The alternate valuation date is one year after the date of deathC. The alternate valuation date is the date of death onlyD. The alternate valuation date is not available for estate tax purposes

8. What is the estate tax rate?

A. The estate tax rate is a flat 21%B. The estate tax rate is a flat 35%C. The estate tax is not imposed on estates under $10 millionD. The estate tax rate is 40% for taxable estates above the exemption amount

9. What is the due date for filing the estate tax return?

A. The estate tax return is due within 6 months of deathB. The estate tax return is due within 9 months of deathC. The estate tax return is due within 12 months of deathD. The estate tax return is due within 3 months of death

10. What is a QTIP trust and its tax treatment?

A. QTIP property does not qualify for the marital deductionB. QTIP property is taxed at the spouse's deathC. QTIP property qualifies for the marital deduction if the spouse has a qualifying income interestD. QTIP property is not eligible for any deduction

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CPA

Conducting Body: AICPA

Frequency: Exam Frequency Year Round | Time: 960 Minutes

Negative Marking: No

⚡ Test Pattern (Total: 250 MCQs):

Auditing and Attestation: 78 MCQs
Financial Accounting and Reporting: 50 MCQs
Taxation and Regulation: 72 MCQs
Business Analysis and Reporting: 50 MCQs
Information Systems and Controls: 82 MCQs
Tax Compliance and Planning: 68 MCQs

Merit Formula: -

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