QUIZ IN TAXATION REVIEW (TAX REMEDIES, TAX ADDITIONS) 1. Where compromi compromise se pe!"#i pe!"#ies es !re !re o# !""o$ !""o$e% e% !. &!i"'re #o presere or eep *oos o+ !cco'#s !% !cco'#i recor%s recor%s *. &!i"'r !i"'re e #o eep eep *oos o+ !cco'#s !cco'#s or recor% recor%s s i ! !#ie !#ie "!'!e "!'!e or i E"ish c. &!i"'re !i"'re #o h!e *oos o+ !cco'# !cco'#s s !'%i#e% !'%i#e% !% h!e -!ci!" -!ci!" s#!#eme#s s#!#eme#s !##!che% #o icome #! re#'r cer#i-e% */ ! i%epe%e# 0A. 0A. %. 2eepi #$o #$o (3) se#s se#s o+ *oos *oos o+ !cco'#s !cco'#s or recor%s recor%s.. 3. A"" crimi! crimi!"" io"!#io io"!#ios s m!/ *e *e comprom compromise%4 ise%4 i. Ecep# #hose !" !"re!%/ -" -"e% i co co'r# ii. Ecep# #hose io"i +r!'% !. Tr'e #r'e *. Tr'e +!"se c. &!"se #r'e %. +!"se +!"se +!"se 5. &or -"i -"i ! +!"se +!"se !% +r!'%'e +r!'%'e## re#'r, re#'r, ! s'rch!re s'rch!re is is impose% impose% !#4 !. 367 !s crimi!" pe!"#/ c. 687 !s crimi"! pe!"#/ *. 367 !s !%miis#r!#ie pe!"#/ %. 687 !s !%miis#r!#ie pe!"#/ 9. A compromise compromise +or +or ! #! "i!*i"i#/ "i!*i"i#/ o #he ro'% ro'% o+ -!ci!" -!ci!" ic!p!ci#/ ic!p!ci#/ #o p!/ p!/ sh!" sh!""" s#i" s#i""" io io" "e e ! p!/m p!/me e## o+ #! #! +rom +rom #he #he #!p #!p!/ !/er er !# ! mii miim' m'm m compromise r!#e o+ !. 187 o+ #he *!sic !ssesse% #! c. 587 o+ #he *!sic !ssesse% #! *. 387 o+ #he *!sic !ssesse% #! %. 987 o+ #he *!sic !ssesse% #! 6. Usi Usi #he #he prec precee ee%i %i o., o., $i#h $i#h re! re!r% r% #o comp compro romi mise ses s o#her o#her #h! #h! o #he #he ro' ro'% % o+ -! -!ci ci!" !" ic! ic!p! p!ci ci#/ #/ #o p!/, p!/, #he #he comp compro romi mise se sh!"" sh!"" io io" "e e ! miim'm compromise r!#e o+ !. 187 o+ #he *!sic !ssesse% #! c. 587 o+ #he *!sic !ssesse% #! *. 387 o+ #he *!sic !ssesse% #! %. 987 o+ #he *!sic !ssesse% #! :. S#!#eme# S#!#eme# 14 #he 0IR 0IR m!/ re+'% re+'% ! #! ee $i#ho'# $i#ho'# ! c"!im c"!im +or re+'% re+'% +rom +rom #he #!p!/er $here o #he +!ce o+ #he re#'r 'po $hich #he p!/me# $!s m!%e; s'ch p!/me# c"e!r"/ !ppe!rs #o h!e *ee erroeo's"/ m!%e. S#!#eme# 34 $he 3 /e!rs !re !*o'# #o epire +rom #he %!#e o+ p!/me# !% o %ecisio h!s /e# *ee receie% */ #he #!p!/er o his c"im +or re+'% -"e% $i#h #he
e% >e% #o i?'ir i?'ire e i#o i#o #he *! *! %eposi# %eposi# o+ #he #!p!/er $ho h!s -"e% ! !pp"ic!#io +or compromise o+ his #! "i!*i"i#/ */ re!so o+ -!ci!" ic!p!ci#/ #o p!/. S#!#eme# 34 #he 0IR is !'#hori>e% #o "oo i#o #he *! %eposi# o+ ! %ece%e# #o %e#ermie his ross es#!#e. !. Tr'e #r'e *. Tr'e +!"se c. &!"se #r'e %. +!"se +!"se +!"se @. The Icome Icome T! T! Re#'r Re#'r (ITR) +or +or #he c!"e%!r c!"e%!r /e!r 3815 $!s %'e +or -"i o Apri" 16, 3819, *'# #he #!p!/er o"'#!ri"/ -"e% his #! re#'r $i#ho'# o#ice +rom #he
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QUIZ IN TAXATION REVIEW (TAX REMEDIES, TAX ADDITIONS) B. Usi #he s!me +!c#s !*oe, *'# #he ITR is -"e% ON TIME *'# #hro'h ! i#er!" ree'e oCcer o#her #h! $hom #he re#'r is re?'ire% #o *e -"e%. The #o#!" !mo'# %'e is !. hp188,888 *. hp158,888 c. hp168,888 %. hp136,888 18.The #!p!/er %i% o# -"e his ITR +or c!"e%!r /e!r 3815. e $!s o#i-e% */ #he
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QUIZ IN TAXATION REVIEW (TAX REMEDIES, TAX ADDITIONS) [email protected] ! re#'r $!s -"e% !s ! eer!" r'"e, #he prescrip#ie perio% +or !ssessme# !+#er #he %!#e #he re#'r $!s %'e or $!s -"e% $hicheer is "!#er is $i#hi !. 5 /e!rs *. 6 /e!rs c. = /e!rs %. 18 /e!rs 1B.Where !/ !#io!" i#er!" ree'e #! is !""ee% #o h!e *ee erroeo's"/ or i""e!""/ co""ec#e%, !s ! reme%/, #he #!p!/er sho'% -rs# -"e ! !c#io +or re+'% $i#h#he !. Reio!" Tri!" 0o'r# *. 0o'r# o+ T! Appe!"s c.
QUIZ IN TAXATION REVIEW (TAX REMEDIES, TAX ADDITIONS) !. '"/ 3@, 3819 *. '"/ 38,3819 c. '"/ 18, 3819 %. '"/ 1@, 3819 3:.Usi #he !*oe +!c#s, ecep# #h!# #he e #he i#eres# o+ #he #! p!/er *. I# $i"" eop!r%i>e #he i#eres# o+ #he oerme# c. &i"i o+ ! *o% +or !# "e!s# %o'*"e #he !mo'# o+ #he #! !ssesse% %. The c!se is o# %i"!#or/ 51.Which o+ #he +o""o$i $i"" o# i#err'p# #he r'i o+ #he prescrip#ie perio% +or !ssessme# !% co""ec#io o+ #!esG !. Whe #he commissioer is prohi*i#e% +rom m!i #he !ssessme# or *eii %is#r!i# !% "e/ or ! procee%i i co'r# !% +or #hir#/ %!/s !+#er *. Whe #he #!p!/er re?'es#s +or #he reies#i!#io $hich is r!#e% */ #he commissioer c. Whe #he #!p!/er is o'# o+ #he hi"ippies %. Whe #he #!p!/er c!o# *e "oc!#e% i #he !%%ress ie */ him i #he re#'r
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QUIZ IN TAXATION REVIEW (TAX REMEDIES, TAX ADDITIONS) PROBLEM: The icome #! re#'r o+ Nico"e +or 3815 $!s -"e% o Apri" 18, 3819. The #! per re#'r $!s hp5,888 *'# #! !'%i# */ #he
1. H!s# %!/ #o -"e c"!im +or re+'% $i#h #he 0ommissioer o+ I#er!" Ree'e is o JJJJJJJJJ. 3. S'pppose #he c"!im +or re+'% $!s -"e% o Sep#em*er 18, 3816 !% $!s %eie% */ #he 0IR. Decisio o+ %ei!" $!s receie% */ #he #!p!/er o !'!r/ 18, 381:, $h!# is #he reme%/ o+ #he #!p!/erG 5. S'ppose c"!im +or re+'% $!s -"e% o Sep#em*er 18, 3816 !% #he %ecisio o+ #he 0IR %e/i #he c"!im $!s receie% */ #he #! p!/er o Apri" 38, 381:, c! #he #!p!/er !ppe!" #o #he 0TAGJJJJJJJJJJ $h/G JJJJJJJJJ. End
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