Which statement accurately describes the status of a donation made with a condition attached?

The accurate statement regarding the status of a donation made with a condition attached is that donor's tax applies regardless of the condition. When a donor makes a conditional donation, it is recognized for tax purposes at the time it is given even if the condition attached has not yet been met. This means that the donor's tax obligation is determined by the value of the donation at the time of the transfer, irrespective of whether the condition is fulfilled later.

Conditional donations are still considered valid for tax assessments, as the donor relinquishes control of the asset upon making the donation, even if future conditions may affect the ultimate transfer of benefits or property. The tax laws recognize that the donation takes place at the moment tokens of value are transferred, solidifying the tax liability for the donor around that time.

In contrast, the other statements suggest limitations or conditions that do not align with the tax treatment of donations. For instance, the notion that a donation is immediately revoked if the condition is unmet does not reflect the reality of tax obligations, which persist regardless of subsequent events associated with the condition. Additionally, tax refunds based on unfulfilled conditions do not align with standard tax procedures, as the donor's obligation does not cease simply because the conditional element is unmet.