REVIEWER

School: University of Notre Dame - Course: TAX 124 - Subject: Accounting

The additions to the tax or deficiency tax prescribed shall apply to all taxes, fees and charges imposed under the Tax Code. Select one: True False Feedback The correct answer is 'True'. Question 2 Correct Mark 1.00 out of 1.00 Flag question Question text The amounts so added to the tax shall be collected at the same time, in the same manner as part of the tax. Select one: True False Feedback The correct answer is 'True'. Question 3 Correct Mark 1.00 out of 1.00 Flag question Question text Where the return is filed, as a general rule, the prescriptive period for assessment after the date the return was due or was filed, whichever is later, is within how many years? Answer: Feedback The correct answer is: 3 YEARS3 YEARS

Question 4 Correct Mark 1.00 out of 1.00 Flag question Question text Mr. J filed his 2015 income tax return and paid the tax due thereon on April 1, 2016. The last day for the BIR to send an assessment is? Answer: Feedback The correct answer is: APRIL 15, 2019 Question 5 Correct Mark 1.00 out of 1.00 Remove flag Question text A taxpayer filed his ITR for the taxable year 2015 on May 2, 2016. After an investigation, it was discovered that the tax paid was deficient. The last day for the BIR to send an assessment is? Answer: Feedback The correct answer is: MAY 2, 2019 Question 6 Incorrect Mark 0.00 out of 1.00 Flag question Question text A taxpayer filed his ITR for taxable year 2016 on March 20, 2017. Assuming that the return filed is not false or fraudulent, the last day for the BIR to collect the tax by judicial action if no assessment was made is?APRIL 15, 2019 MAY 2, 2019

Answer: Feedback The correct answer is: APRIL 15, 2020 Question 7 Correct Mark 1.00 out of 1.00 Flag question Question text A taxpayer fraudulently filed an ITR for the year 2015 on April 11, 2016. The BIR discovered the fraud on February 20, 2017. The last day for the BIR to collect or send an assessment of notice is? Answer: Feedback The correct answer is: FEBRUARY 20, 2027