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WorksheetsINCOME TAX FILING_FORM 1701/1701A
Total questions: 10
Worksheet time: 9mins
What is the BIR Form for Annual Income Tax of Individuals including MIXED Income Earner, Estates and Trusts?
1701
1701A
1702-RT
1700
What is the BIR Form for Annual Income Tax of Individuals earning PURELY from Business/Profession who availed OSD or 8% flat income tax rate?
1701
1701A
1700
1702-RT
Which of the following statement is correct?
OSD for Individual is 40% of his/her Gross Sales/Receipts
OSD for Individual is 40% of his/her Gross Income
election to avail of the OSD is revocable
Passive Income which were subjected to final tax shall form part of the Gross Sales/Receipts
The following individuals are not allowed to avail of the 8% flat income tax rate, except one?
Gross Sales/Receipts and Other Non-operating Income exceeds P3M
Partners of a GPP
a VAT-registered individual
Self-employed individuals (sole proprietors and professionals) whose gross receipts or gross sales and other non-operating income do not exceed P3M and are not subject to other types of percentage tax
In general, for non-eFPS users, where to file "No Payment Returns"?
electronically thru eBIRForms facility
manually to the RDO
AABs
none of the above
The following individuals can file manually their "No Payment Returns” with the RDO where they are registered, except one:
Senior Citizen (SC) or Persons with Disabilities (PWDs) filing for their own returns
Employees deriving purely compensation income from two or more employers
Employees qualified for substituted filing under Revenue Regulations No. 2-98 Sec. 2.83.4, as amended, but opted to file for an ITR
none of the above
In general, in case of unavailability of eFPS covered by a duly released advisory, where to file your Income Tax Returns?
electronically thru eBIRForms facility
RDO
AABs
RCOs
When is Audited Financial Statements required to be attached to the Annual Income Tax Return?
If Gross Sales/Receipts do not exceed P3M
If Gross Sales/Receipts exceeds P3M
If taxpayer availed OSD
If taxpayer opted 8% flat income tax
The following are the required attachments for BIR Form 1701 if applicable, except one:
Certificate of Creditable Tax Withheld at Source (Form 2307)
Statement of Management Responsibility (SMR) for Annual Income Tax Return
Certificate of Independent CPA
Schedule of Depreciation
When is the deadline of filing of Annual Income Tax Return for calendar year 2021?
April 15, 2022
April 18, 2022
May 15, 2022
April 30, 2022
