03/10/2022, 09:52 QUIZ NUMBER 4
QUIZ NUMBER 4 Total points 37/50
MULTIPLE CHOICE
Direction: Read each question/statement carefully, and then select the BEST ANSWER that
fits the question.
The respondent's email ([email protected]) was recorded on submission of this
form.
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
Answer not given
This request may involve a question of fact or
of law or both.
1/1
a. Request for Reconsideration
b. Request for Reinvestigation
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.
II. A return filed before the last day for
filing shall be considered as filed on
such last day.
I is true; II is false
I is false; II is true
I and II are true
I and II are false
Correct answer
I is false; II is true
From receipt, Assessment may be protested
administratively by filing a 1/1
request of reinvestigation within
30 days
60 days
90 days
180 days
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03/10/2022, 09:52 QUIZ NUMBER 4
After seizure, forfeited property shall not be
destroyed until at least
1/1
60 days
30 days
20 days
10 days
The Commissioner shall submit a report on the
exercise of his powers 0/1
under section 204 stating, among others, reasons for the
exercise of
powers, and presented to the
Oversight Committee
Evaluation Board
Chairmen of the Committee on Ways and Means
Secretary of Finance
Correct answer
Oversight Committee
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03/10/2022, 09:52 QUIZ NUMBER 4
Which of the following is not an extrajudicial remedy of the government 1/1
against the taxpayer?
Distraint of personal property
Levy of real property
Garnishment of bank accounts
Filing of criminal case in court
If a protest is denied, the taxpayer adversely
affected by the decision may 1/1
appeal to the Court of Tax of Appeals from receipt
of the said decision
within
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 becomes fixed and subject to collection as the
assessment becomes final and collectible.
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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03/10/2022, 09:52 QUIZ NUMBER 4
After notice to the possessor of the property
distrained, the time of sale of 1/1
the property distrained shall not be
less than 10 days
more than 30 days
less than 20 days
more than 5 days
In case of fraudulent return with intent to
evade tax, tax may be assessed 1/1
at any time after the discovery of fraud within
1 year
5 years
10 years
3 years
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03/10/2022, 09:52 QUIZ NUMBER 4
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.
Notice of Informal Conference; 30 days
Notice of Discrepancy; 30 days
Preliminary Assessment Notice; 15 days
Final Assessment Notice; 30 days
Correct answer
Notice of Discrepancy; 30 days
It is an official document that empowers a revenue officer to examine and 1/1
scrutinize a taxpayer's books of accounts and other accounting records, in
order to determine the taxpayer's correct internal revenue tax liabilities.
Preliminary Assessment Notice
Final Assessment Notice
Audit Engagement Letter
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
April 15, 2025
April 15, 2026
Correct answer
April 15, 2025
Course, Year & Section (BSMA 3-X) / (BSAC 3-X)
*
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
II. Should the party be found at his
registered or known address or any
other place but refuse to receive the
notice, the revenue officers concerned
shall bring a barangay official and a
disinterested witness in the presence
of the party so that they may personally
observe and attest to such act of
refusal.
I is true; II is false
I is false; II is true
I and II are true
I and II are false
Correct answer
I is true; II is false
Given the following actions of a revenue officer during discussion on 1/1
Discrepancy and prior to the issuance of a Preliminary Assessment Notice
(PAN):
I. Discussion on Discrepancy
II. Taxpayer receives Notice of Discrepancy.
III. Revenue Officer prepares a report of examination based on the results
of meeting with taxpayer, after considering factual and legal explanations
of taxpayer.
The above actions are arrange chronologically as follows:
III , I , II
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03/10/2022, 09:52 QUIZ NUMBER 4
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.
II. Any internal revenue tax shall be
collected within 5 years from date of
assessment.
I is true; II is false
I is false; II is true
I and II are true
I and II are false
All of the following are powers of the
Commissioner relative to the audit 0/1
process, except:
Power to take testimony of persons
Power to lift order of distraint
Power to make assessments
Power to prescribe additional tax requirements for tax enforcement
Correct answer
Power to lift order of distraint
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03/10/2022, 09:52 QUIZ NUMBER 4
On July 31,2022, Lea Jamaica received a Preliminary Assessment Notice 1/1
(PAN) from the BIR demanding that she pays P180,000.00 deficiency
income taxes on her 2020 income. How many days from July 31,2022
should Lea Jamaica respond to the notice?
180 days
35 days
60 days
Answer not given
The taxpayer shall be informed if found to be
liable for deficiency tax in the 1/1
course of an investigation conducted by
Revenue Officer through a
Discussion of Discrepancy
Preliminary Assessment Notice
Deficiency Tax Assessment
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
Audit engagement letter
Institution of criminal action
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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:
File a claim for refund
File an action for refund with the RTC
File an action for refund with the CTA
Answer not given
Correct answer
File a claim for refund
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03/10/2022, 09:52 QUIZ NUMBER 4
All of the following are cases when Preliminary
Assessment Notice is not 1/1
required, except:
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.
II. A property is deemed to have been placed
under constructive distraint if
the revenue officer proceeded to prepare a list
of such property in the
presence of a witness if the taxpayer fails to sign the
receipt covering the
property distrained.
I is true; II is false
I is false; II is true
I and II are true
I and II are false
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03/10/2022, 09:52 QUIZ NUMBER 4
Correct answer
I and II are false
A preliminary Assessment Notice (PAN) is required 1/1
before a Final Assessment Notice (FAN) is sent to the taxpayer.
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
not more than 500 pesos
not more than 10,000 pesos
not more than 1,000 pesos
not more than 100 pesos
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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03/10/2022, 09:52 QUIZ NUMBER 4
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 or before August 15,2027
On or before June 30,2026
On April 15,2026
On or before 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 taxpayer is out of the Philippines
when the warrant of distraint has been duly served upon the taxpayer and no
property could be located
if the taxpayer informs the Commissioner of any change in address.
NAME (Last Name, First Name, Middle Name) *
ESPANA, CRIZZA MAE, PASCUA
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03/10/2022, 09:52 QUIZ NUMBER 4
The following statements pertain to a letter of Authority (LA). Which 1/1
statement is FALSE?
It must be served to the concerned taxpayer within thirty (30) days from the date of
issuance,
All letters of Authority (LA) can only be revalidated once.
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.
No preliminary assessment notice was issued prior to the assessment notice
Proof that the assessment is utterly without foundation, arbitrary, and
capricious
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
Answer not given
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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03/10/2022, 09:52 QUIZ NUMBER 4
3 years
5 years
7 years
A contract whereby the taxpayer and the government by reciprocal 1/1
concessions avoid a litigation or put an end to one already commenced
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
All of the following may be compromised, except:
1/1
Cases under Administrative Protest
Criminal Fraud
Civil Tax Cases
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03/10/2022, 09:52 QUIZ NUMBER 4
Delinquent Accounts
Within how many days from receipt of the warrant
shall the report on 1/1
distraint be submitted to the RDO?
5 days
10 days
30 days
60 days
Email Address (clsu2.edu.ph)
*
[email protected]
All electronic Letter of Authority shall be
printed in
1/1
One copy
Duplicate
Triplicate
Quadruplicate
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03/10/2022, 09:52 QUIZ NUMBER 4
Disinterested
witnesses may be a 1/1
Revenue District Officer
Internal Revenue Officers
CLSU student
None of the above
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
Which of the following violations cannot be subject to compromise 1/1
penalties?
Failure to keep/preserve books of accounts and accounting records
Failure to keep books of accounts or records in a native language or English
Failure to have books of accounts audited and have financial statements attached
to income tax return certified by independent CPA
Keeping two sets of books of accounts or records
This form was created inside of CENTRAL LUZON STATE UNIVERSITY.
Forms
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