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Quiz Number 4
Quiz Number 4
MULTIPLE CHOICE
Direction: Read each question/statement carefully, and then select the BEST ANSWER that
fits the question.
Before a Final Assessment Notice (FAN) is issued, the taxpayer is required 1/1
to respond to the Preliminary Assessment Notice within a period of
35 days
45 days
6 months
c. a & b
d. a only
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03/10/2022, 09:52 QUIZ NUMBER 4
I. Books of
accounts, for income tax purposes, shall be subject to 0/1
examination and
inspection only once in a taxable year, except when there
is an order of
payment of taxes decided by the Commissioner.
I is true; II is false
I is false; II is true
Correct answer
I is false; II is true
30 days
60 days
90 days
180 days
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03/10/2022, 09:52 QUIZ NUMBER 4
60 days
30 days
20 days
10 days
Oversight Committee
Evaluation Board
Secretary of Finance
Correct answer
Oversight Committee
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30 days
60 days
90 days
180 days
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03/10/2022, 09:52 QUIZ NUMBER 4
What is the effect on the tax liability of a taxpayer who does not protest an 1/1
assessment for deficiency taxes?
The taxpayer may appeal his liability to the CTA since the assessment is final
decision of the Commissioner on the matter
The BIR could already enforce the collection of the taxpayer's liability if it could
secure authority from the CTA
The taxpayer's liability remains suspended for 180 days from the expiration of the
period to protest
Vhong Navarro filed his ITR for taxable year 2022 on May 02,2023. After an 1/1
investigation, it was discovered that the tax paid was deficient. The last day
for the BIR to send an assessment is
April 15,2026
May 02,2026
May 02,2030
April 15,2030
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03/10/2022, 09:52 QUIZ NUMBER 4
Mr. BSAC filed his 2022 ITR and paid the tax due on April 01,2023. In case 1/1
of overpayment, the last day to file claim for refund is on
April 01,2025
April 15,2025
April 01,2026
April 15,2028
Marvie filed her 2020 Income Tax Return and paid the tax due thereon April 0/1
01,2021. In case of deficiency, the last day for the Bureau of Internal
Revenue to send a Final Assessment Notice (FAN) is
April 01,2024
April 15,2025
April 15,2024
April 15,2031
Correct answer
April 15,2024
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1 year
5 years
10 years
3 years
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This is issued by the BIR (usually after tax audit) informing the taxpayer of 0/1
the discrepancies in the taxpayer's tax payments wherein the taxpayer will
be given an opportunity to present his side of the case within ____ days
from the receipt of the notice.
Correct answer
Letter of Authority
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03/10/2022, 09:52 QUIZ NUMBER 4
BSMA filed a fraudulent income tax return for the year 2021 on April 1/1
11,2022. The BIR discovered the fraud on February 20,2023. The last day
for the BIR to collect or to send an assessment notice is
April 11,2025
April 15,2025
April 15,2032
February 20,2033
Mister filed his 2021 Income Tax Return and paid the
tax due thereon on 0/1
April 1, 2022. The last day for the BIR to send an
assessment is
April 1, 2025
April 1, 2026
Correct answer
BSMA 3-2
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03/10/2022, 09:52 QUIZ NUMBER 4
BSMA 3 2
I. No
request for reinvestigation shall be allowed in administrative appeal. 0/1
I is true; II is false
I is false; II is true
Correct answer
I is true; II is false
III , I , II
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I , III , II
II , I , III
I , II , III
I. The
Commissioner may refund any tax even without a written claim 1/1
where on the
return payment was made, such payment appears clearly to
have been erroneously
paid.
I is true; II is false
I is false; II is true
Correct answer
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03/10/2022, 09:52 QUIZ NUMBER 4
180 days
35 days
60 days
Discussion of Discrepancy
Notice of Discrepancy
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03/10/2022, 09:52 QUIZ NUMBER 4
Mr. Zoren Legaspi filed an income tax return for the calendar year 2022 on 0/1
March 10,2023. The BIR assessed a deficiency income tax on April
10,2025. When is the last day for the BIR to make a Formal Letter of
Demand (FLD)?
April 15,2026
April 10,2025
April 15,2025
March 10,2026
Correct answer
April 15,2026
A notice to the effect that the amount therein stated is due from a taxpayer 1/1
as a tax with a demand for payment of the same within a stated period of
time
Assessment
Forfeiture
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03/10/2022, 09:52 QUIZ NUMBER 4
The seizure by the government or real property and interest on rights to 1/1
property of the taxpayer to enforce the payment of taxes followed by its
public sale
Confiscation
Distraint
Forfeiture
Levy
Where any national internal revenue tax is alleged to have been erroneously 0/1
or illegally collected, the taxpayer should first:
Correct answer
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03/10/2022, 09:52 QUIZ NUMBER 4
When the finding for any deficiency tax is the result of mathematical error in the
computation of the tax as appearing on the face of the return.
When a taxpayer who opted to claim a refund or tax credit of excess creditable
withholding tax for a taxable period was determined to have carried over and
automatically applied the same amount claimed against the estimated tax
liabilities for the taxable quarter or quarters of the succeeding taxable year.
When the excise tax due on excisable articles has not been paid.
When the article locally purchased or imported by an exempt person, such as,
but not limited to, vehicles, capital equipment, machineries and spare parts, has
been sold, traded or transferred to exempt persons.
I. All
criminal violations cannot be compromised except those involving 0/1
fraud.
I is true; II is false
I is false; II is true
Correct answer
When a discrepancy has been determined between the tax withheld and the
amount actually remitted by the withholding agent.
When an article locally purchased or imported by an exempt person has been sold,
traded or transferred to non-exempt persons.
When the deficiency tax is the result of mathematical errors in the computations
appearing on the face of the return.
Ms. Ganda filed her ITR for taxable year 2021 on March 20,22. Assuming 0/1
that the return filed is not false or fraudulent, the last day for the Bureau of
Internal Revenue (BIR) to collect the tax by judicial action if no assessment
was made is
March 20,2025
March 20,2024
April 15,2025
April 15,2024
Correct answer
April 15,2025
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03/10/2022, 09:52 QUIZ NUMBER 4
Distraint
shall not be availed of where the amount of tax involved is 1/1
Delinquent
taxpayer have the right of paying to the RDO the amount of 1/1
public taxes,
penalties, and interest thereon from the date of delinquency to
the date of
sale, together with interest on said purchase price at the rate of
_____ per
annum.
5%
10%
12%
15%
After
receipt of the Notice of Discrepancy, the Discussion of Discrepancy 1/1
shall in no
case extend beyond
20 days
60 days
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60 days
10 days
30 days
Mr. Clarenz filed his 2022 ITR on June 30,2023. The BIR discovered a 1/1
deficiency income tax on August 15,2024. When should the deficiency tax
assessment be served?
On April 15,2026
The running of the prescriptive period for assessment is not suspended 1/1
when the taxpayer files a Request for Reinvestigation which is granted by the
Commissioner of Internal Revenue
when the warrant of distraint has been duly served upon the taxpayer and no
property could be located
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03/10/2022, 09:52 QUIZ NUMBER 4
It must be served to the concerned taxpayer within thirty (30) days from the date of
issuance,
If the LA has already expired, the taxpayer can refuse the service of the LA, unless
the LA is revalidated.
A Revenue Officer is required to conduct the audit and submit the required report of
investigation within one hundred twenty (120) days from the date of receipt of a
Letter of Authority by the taxpayer
The amount tax still due (net of withholding tax of P20,000.00) in the 2022 0/1
tax return of Ms. Amor is P3,560.00. She paid the said amount upon filing
of the return. On May 12,2024 she filed an amended to the return which is
not substantially different from the original. If the last day for the BIR to
make an assessment is April 15,2026, the original return must have been
filed by Ms. Amor on
May 12,2023
June 14,2023
July 15,2023
April 08,2023
Correct answer
April 08 2023
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03/10/2022, 09:52 QUIZ NUMBER 4
April 08,2023
Which among the following circumstances negates the prima facie 1/1
presumption of correctness of a BIR assessment?
The BIR assessment was seasonably protested within 30 days from receipt.
The BIR did not include formal letter of demand to pay the alleged deficiency.
Where a return was filed, as a general rule, the prescriptive period for 1/1
assessment after the date the return was due or was filed, whichever is
later, is within
Three years
Ten years
Five years
From the date of payment, claim for refund of taxes erroneously or illegally 1/1
received or penalties imposed without authority must be filled within
2 years
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3 years
5 years
7 years
Confiscation
Compromise
Distraint
Suspension of action
An
internal revenue tax which has been assessed may be collected by levy 1/1
before
the expiration of
2 year period
3 year period
5 year period
10 year period
Criminal Fraud
Delinquent Accounts
5 days
10 days
30 days
60 days
espana.crizza@clsu2.edu.ph
One copy
Duplicate
Triplicate
Quadruplicate
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03/10/2022, 09:52 QUIZ NUMBER 4
Disinterested
witnesses may be a 1/1
CLSU student
Ms. Baylon filed her 2021 ITR on April 10.2022. On June 20,2022, she filed 0/1
an amended return which is substantially different from the original return.
The last day to release, mail or send an assessment is
April 10,2025
April 15,2025
June 20,2025
June 20,2022
Correct answer
June 20,2025
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03/10/2022, 09:52 QUIZ NUMBER 4
Failure to have books of accounts audited and have financial statements attached
to income tax return certified by independent CPA
Forms
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