Which of the following is true regarding the responsibility for gift tax?

The correct choice highlights an important aspect of gift tax reporting. According to IRS guidelines, the recipient of a gift does not have any tax liability for the gift itself; rather, the responsibility for paying gift tax usually falls on the donor. However, a recipient must report the gift if it is from a foreign donor who does not have a Social Security number or taxpayer identification number for U.S. tax purposes, as this may influence the U.S. tax obligations of the donor and may require compliance with other reporting forms, such as Form 3520.

This reporting requirement serves to ensure transparency and aid the IRS in monitoring foreign gifts and their implications in terms of U.S. tax laws. Under specific circumstances, especially regarding gifts above certain thresholds or foreign gifts, the recipient's obligation to report is heightened. The key takeaway is that the gift tax responsibility itself lies with the donor, but the recipient must be mindful of their reporting obligations depending on the source of the gift. This makes the answer accurate within the context of specific reporting rules related to foreign gifts, emphasizing the nuances involved in tax responsibilities.