Answered: Maryann filed her Income Tax Return for…

Maryann filed her Income Tax Return for taxable year 2021 on May 2, 2022. After an investigation, it was discovered that the tax paid was deficient. The last day for the BIR to send an assessment is?

SWFT Individual Income Taxes

43rd Edition

ISBN:9780357391365

Author:YOUNG

Publisher:YOUNG

Chapter1: An Introduction To Taxation And Understanding The Federal Tax Law

Section: Chapter Questions

Problem 40DQ

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Concept explainers

Filing Federal Income Tax Return

A tax is the amount of money paid to the government on the revenue earned by the individual or business organization. It acts as an income for the government and an expense for the individual or business organization. There are different regulations regarding filing an income tax return in other countries.

Question

Maryann filed her Income Tax Return for taxable year 2021 on May 2, 2022. After an
investigation, it was discovered that the tax paid was deficient. The last day for the BIR to send
an assessment is?

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