PREFERENTIAL TAXATION

MODULE 3 TAX ASSESSMENT AND COLLECTION

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The self assessment of taxpaayer's business tax liability is reported in his BIR tax
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return form D
A form 1701
B form 1800
C form 1801
D form 2550Q

2 Which of the following will come first in a government's tax assessment proceedings? B
A preliminary assessment notice
B Letter of Ajuthority
C Notice for informal conference
D FAN

The BIR examiner assigned to assess a taxpayer will have this number of days to
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complete his audit. C
A 30 days
B 60 days
C 120 days
D 180 days

4 The govt assessment to be valid much be comoleted within D

A 3 years from end of tax year being assessed
B 3 years from actual date of filing the return
C 3 years from required date of filing and payment of tax
D 3 years for requried date of filing or actual date of filing which ever is later

5 The letter of authority to audit the taxpayer's tax liability is valid for A
A 15 days
B 30 days
C 60 days
D 120 days

6 The letter of authority to audit is available for revalidation D

A once if signed by the BIR Commissioner
B once if covering conglomerate audit program
C twice if issued by the regional BIR office
D twice if issued by the assistant BIR Commssioner for audit of large taxpayer
 This is the written agreement between the examner and the taxpayer to be assessed
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to extend the statutoty period of assessment for valid reason. B
A duces tecum
B waiver of defense of prescription
C PAN
D FAN

8 Which of the following will come last in an assessment proceedings? A

A FAN
B PAN
C notice of informal conference
D subpoena duces tecum

9 The collection period for fraudulent tax return is

A one year C
B 5 years
C 10 years
D at date when tax return is filed

STATEMENT 1, Intial tax return is permitted to be amended with the 3 year

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assessment period and when no LA yet is issued. B
STATEMENT 2, the initial return must be pulled out from BIR office file in order to be
replaced with an amended return to effect changes.
A TRUE TRUE
B TRUE FALSE
C FALSE TURE
D FALSE FALSE
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