Q1. _____________ is for Certificate of Foreign Status of Beneficial Owner for United States Tax Withholding and___________ if for Certificate of Foreign Government or Other Foreign Organization for United States Tax Withholding.
A.Form W-8BEN, Form W-8CE
B. Form W-8BEN, Form W-8EXP
C. Form W-8ECI, Form W-8IMY
D. Form W-8ECI, Form W-8EXP
Correct Answer: B
Q2. Mr. Nitin wants to know the value of estate (before taxation) as on 1st January 2013.
A.$10,363,509
B. $10,513,509
C. $10,280,000
D. None of the above
Correct Answer: A
Q3. _____________ is for Certificate of Foreign Status of Beneficial Owner for United States Tax Withholding and___________ if for Certificate of Foreign Government or Other Foreign Organization for United States Tax Withholding.
A.Form W-8BEN, Form W-8CE
B. Form W-8BEN, Form W-8EXP
C. Form W-8ECI, Form W-8IMY
D. Form W-8ECI, Form W-8EXP
Correct Answer: B
Q4. The defined period for fraudulent transfers under the Bankruptcy Code was formerly ____________prior to the debtor's filing for bankruptcy. This period was ____________ by the Bankruptcy Abuse Prevention and Consumer Protection Act of ___________.Transfers to self-settled trusts may be recaptured if made within _________ of the debtor's filing for bankruptcy if the transfer in trust was made with the intent to hinder, delay or defraud present or future creditors.
A.One year ; Extended to two years; 2005; 10 years
B. Two years; Reduced by one year; 2005; 10 years
C. One year; Extended to two years; 2008; 15 years
D. Two years; Reduced by one year; 2008; 15 years
Correct Answer: A
$ 39
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