Final Answer:
The statement "Monique is a resident of the U.S. and a citizen of France. If she files a U.S. income tax return, Monique cannot claim the standard deduction." is True
Step-by-step explanation:
The statement is true. As a U.S. resident, Monique, who is also a citizen of France, cannot claim the standard deduction on her U.S. income tax return. The standard deduction is generally available to U.S. citizens and residents who do not itemize their deductions. However, individuals who are considered "dual-status aliens" for tax purposes, such as Monique, are not eligible for the standard deduction.
A dual-status alien is an individual who is both a resident and nonresident alien during the same tax year. In Monique's case, being a U.S. resident, she is subject to U.S. tax laws, but due to her dual-status, she is not allowed to claim the standard deduction. Instead, she would need to itemize her deductions if she chooses to claim any.
Understanding the tax implications for individuals with dual status is crucial for accurate and compliant tax filings. In Monique's situation, she would need to navigate the complexities of the U.S. tax code for dual-status aliens and ensure that her tax return adheres to the specific rules governing her unique tax status.