WorksheetsFDDA
Total questions: 13
Worksheet time: 6mins
If there are several issues involved in the FLD/FAN but the taxpayer only disputes or protests against the validity of some of the issues raised, the assessment attributable to the undisputed issue or issues shall become final, executory and demandable; and the taxpayer shall be required to pay the deficiency tax or taxes attributable thereto, in which case, a demand letter shall be issued to the taxpayer calling for payment of the said deficiency tax or taxes, inclusive of the applicable surcharge and/or interest.
TRUE
FALSE
All of which are remedies of the taxpayer in case a protest is denied, in whole or in part, by the Commissioner’s duly authorized representative, except:
Appeal to the Court of Tax Appeals (CTA) within thirty (30) days from date of receipt of the said decision
Elevate his protest through request for reinvestigation to the Commissioner within thirty (30) days from date of receipt of the said decision.
Elevate his protest through request for reconsideration to the Commissioner within thirty (30) days from date of receipt of the said decision.
An assessment shall become final, executory and demandable due to, among others. The following grounds, except:
Failure of the taxpayer to file a valid protest within thirty (30) days from receipt of the Formal Letter of Demand and Final Assessment Notice (FLD/FAN);
Failure of the taxpayer to appeal to the Commissioner of Internal Revenue or the Court of Tax Appeals (CTA) within thirty (30) days from date of receipt of the FLD issued by the Commissioner’s duly authorized representative;
Failure of the taxpayer to submit all relevant documents in support of his protest by way of request for reinvestigation within sixty (60) days from the date of filing thereof;
Failure of the taxpayer to timely file a motion for reconsideration or new trial before the CTA Division or failure to appeal to the CTA En Banc and Supreme Court Based on existing Rules of Procedure.
A request for reconsideration or reinvestigation shall be granted on tax assessments that have become final, executory and demandable.
True
False
The ATCA shall be issued on the difference between the amount as originally assessed per FAN/FLD and the reduced/cancelled assessment in the Final Decision on Disputed Assessment (FDDA). Thus, the FDDA includes only the reduced amount of assessment which the taxpayer will need to settle.
True
False
The ATCA shall be prepared in:
Duplicate
Triplicate
Quadruplicate
Final Decision on a Disputed Assessment – The decision of the Commissioner or his duly authorized representative shall state the (i) facts, the applicable law, rules and regulations, or jurisprudence on which such decision is based, otherwise, the decision shall be void, and (ii) that the same is his final decision.
True
False
The proceeds from the sale, exchange or disposition of his old Principal Residence must be fully utilized in acquiring or constructing his new Principal Residence within eighteen (18) calendar months from date of its sale, exchange or disposition.
True
False
Limitation on Tax Exemption Privilege. - The tax exemption herein granted may be availed of only once every ten (5) years
True
False
It refers to the dwelling house, including the land on which it is situated, where the husband and wife or an unmarried individual, whether or not qualified as head of family, and members of his family reside.
Ordinary Residence
Business Residence
Principal Residence
The six percent (6%) capital gains tax otherwise due on the presumed capital gains derived from the sale, exchange or disposition of his Principal Residence shall be deposited in cash or manager's check in interest-bearing account with an Authorized Agent Bank (AAB) under an ___________
Escrow Agreement
Mutual Agreement
Loan Agreement
The Seller/Transferor shall file, in duplicate, his Capital Gains Tax Return (BIR FORM No. 1710) covering the sale or disposition of his Principal Residence with the concerned .Revenue District Office within thirty (30) days from date of its sale or disposition.
True
False
Statement 1: RR 12-99, as amended by RR 18-2013, provides that "for requests for reinvestigation, the taxpayer shall submit all relevant supporting documents in support of his protest, otherwise the assessment shall become final."
Statement 2: The term "the assessment shall become final" means that the failure of the taxpayer who requested for a reinvestigation to submit all relevant supporting documents within the sixty (60) day period shall render the FLD/FAN "final" by operation of law.
Both statements are true.
Both statements are false.
Statement 1 is true, while statement 2 is false.
Statement 1 is false, while statement 2 is true.
