Tax Assessments and BIR
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Questions and Answers

According to the text, what is an assessment?

  • A computation by a revenue officer of tax liability
  • A written notice and demand made by the taxpayer to the Bureau of Internal Revenue (BIR)
  • A settlement of a due tax liability that is there definitely set and fixed
  • A written communication containing a computation by a revenue officer of tax liability (correct)

    • According to the text, what is the presumption regarding tax assessments by tax examiners?

  • They are presumed incorrect and made in bad faith
  • They are presumed correct but not made in good faith
  • They are presumed correct and made in good faith (correct)
  • They are presumed incorrect but made in good faith

    • According to the text, what is the duty of the taxpayer in relation to tax assessments?

  • To prove that the tax assessments are incorrect
  • To compute the tax liability
  • To contest or disprove the BIR examiner's findings (correct)
  • To settle the due tax liability

    • According to the text, what happens if there are no irregularities in the performance of duties in making an assessment?

    <p>The assessment will be presumed correct</p> Signup and view all the answers

    According to the text, when does the presumption of regularity not apply?

    <p>When the assessment is not based on irregularities</p> Signup and view all the answers

    Study Notes

    Understanding Tax Assessments

    • An assessment is a formal determination by a tax authority regarding the amount of tax owed by a taxpayer.
    • It often includes evaluating a taxpayer’s income, deductions, and credits to ensure compliance.

    Presumption Regarding Tax Assessments

    • There is a strong presumption that tax assessments made by tax examiners are correct and valid.
    • Taxpayers must provide substantial evidence to challenge the presumption of correctness.

    Taxpayer's Duty

    • Taxpayers have the obligation to report their income accurately and maintain necessary documentation.
    • It is their responsibility to contest or support a tax assessment if they believe it to be incorrect.

    Regularity in Assessments

    • If there are no irregularities found in the duties performed during an assessment, the assessment stands valid and enforceable.
    • This indicates that due process was followed in determining the taxpayer's liability.

    Limitations of the Presumption of Regularity

    • The presumption of regularity does not apply if clear evidence demonstrates that the assessment process was flawed or improper.
    • Instances of misconduct, lack of due diligence, or failure to follow required procedures negate this presumption.

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    Description

    Test your knowledge on tax assessments and the Bureau of Internal Revenue (BIR) with this quiz. Learn about the process of assessments, taxpayer rights, and how to contest findings.

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