Podcast
Questions and Answers
What is the standard time frame to file the estate tax after the death of the owner?
What is the standard time frame to file the estate tax after the death of the owner?
- Within 1 year (correct)
- Within 2 years
- Within 6 months
- Within 18 months
What is the maximum extension period allowed by the BIR Commissioner for filing the estate tax?
What is the maximum extension period allowed by the BIR Commissioner for filing the estate tax?
- 60 days
- 90 days
- 15 days
- 30 days (correct)
In which situation can an extension for filing the estate tax be granted?
In which situation can an extension for filing the estate tax be granted?
- In special cases as determined by the BIR Commissioner (correct)
- Only for military personnel
- Only at the owner's request
- Automatically for all estate filings
What happens if the estate tax is not filed within the standard time frame?
What happens if the estate tax is not filed within the standard time frame?
Who is responsible for filing the estate tax after the owner’s death?
Who is responsible for filing the estate tax after the owner’s death?
Flashcards
Estate Tax Filing Deadline
Estate Tax Filing Deadline
The period within which you must file and pay the estate tax.
What is the BIR?
What is the BIR?
The government agency responsible for collecting estate taxes.
How long can the BIR extend the estate tax filing deadline?
How long can the BIR extend the estate tax filing deadline?
The maximum extension allowed by the BIR for filing estate taxes.
Who can extend the estate tax filing deadline?
Who can extend the estate tax filing deadline?
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What is an Estate Tax Return?
What is an Estate Tax Return?
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Study Notes
Estate Tax Filing Deadline
- Estate tax documents must be filed and the tax paid within one year of the deceased owner's death.
- The Bureau of Internal Revenue (BIR) Commissioner can grant extensions in specific situations.
- Extensions are limited to a maximum of 30 days.
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Description
This quiz covers the essential details regarding the filing deadline for estate tax documents following a deceased owner's death. Learn about the timeline, extension possibilities, and regulations set by the Bureau of Internal Revenue (BIR). Test your knowledge on these important tax rules.
