X wishes to file his 2019 income tax return. To avoid penalty, he must file his return on or before: A. April 15, 2019 B. April 15, 2020 C. August 15, 2020 D. November 15, 2020
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X wishes to file his 2019 income tax return. To avoid penalty, he must file his return on or before:
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- Which of the following tax forms are used by individuals in 2019? 1040 A 1040EZ 1040SR 1120Annie files her 2020 tax return on April 15, 2021. On what date will the Statute of Limitations on Assessment expire? O April 15, 2022 April 15, 2023 April 15, 2024 O April 15, 20271. A taxpayer forgot to file and pay his annual income tax return for the year 2019. He only recalled it when he received a notice of assessment from the BIR on June 15, 2020 obliging him to pay on June 30, 2020. He filed it only on August 15, 2020. In computing the interest, when should he start counting the number of days of delinquency? A. December 31, 2019 B. April 15, 2020 C. June 15, 2020 D. June 30, 2020 2. X died leaving his surviving spouse, legitimate child, recognized illegitimate child, and parents. Who inherits from X? a. Surviving spouse and legitimate child only b. Surviving spouse, legitimate child, and parents c. Surviving spouse, legitimate child, and recognized illegitimate child d. Legitimate child only 3. In donor’s taxation, which is not considered in determining the taxability of donation? A. Tax classification of the donor B. Location of the property C. Relationship of the donee to the donor D.…
- Ruby entered a combat zone March 3, 2022, before she had an opportunity to file her 2021 income tax return. Ruby left the combat zone Sept. 2, 2023. What is the due date for Ruby's 2021 Form 1040? OA. April 15, 2022 B. Oct. 15, 2022 OC. Jan. 15, 2024 D. May 14, 20243. Mr. So filed his 2022 income tax return on June 30, 2023. The BIR discovered a deficiency income tax on August 15, 2024. When should the deficiency tax assessment be served? a. On or before August 15, 2027 b. On April 15, 202 c. On or before June 30, 2026 d. On or before April 15, 2026X file his annual ITR on February 2019. On May 2020, he received a notice of assessment from BIR for under payment of taxes. Thus, X file an amended ITR of 2018 due to notice from BIR. Decide. a. X cannot file an amended ITR. b. X may file an amended or answer the notice of assessment from BIR c. X must file a new ITR and pay the correct taxes d. X must file an appeal in court e. None of the above
- Camila timely filed her 2020 tax return on April 15, 2021. Under ordinary circumstances, what is the last day she can file an amended tax return? April 15, 2023; October 15, 2023; April 18, 2024; October 15, 2024When is the filing deadline for an individual taxpayer who has no partnership or sole proprietor business income to file in 2021? Question 16 options: a) June 30, 2022 b) December 30, 2021 c) February 28, 2022 d) April 30, 2022Seun started his self-employment on 1 July 2020, he prepared the first period of accounts to 31 December 2021. What tax year will be his first tax year? 2020/2021 2021/2022 2019/2020 2022/2023
- 29 When is the deadline of the filing of estate tax return if the decedent died on February 28, 2021? Group of answer choices August 28, 2021 February 27, 2022 March 1, 2022 February 28, 2022A taxpayer has unutilized or excess Creditable Withholding Taxes (CWT) for the taxable year 2019. The taxpayer has collected its CWT certificates or BIR Form 2307 from its income payors/customers. a. What are the options of the taxpayer in relation to its unutilized or excess CWT? b. Assuming during the review of the taxpayer for his Annual Income Tax Return filed for the year 2019, the taxpayer decided to apply for a refund instead of its initial decision of carrying the excess forward to the next taxable periods. Is the application valid? Justify your answer.Norman Foster filed his 2021 income tax return as was required on June 15, 2022. His Notice of Assessment dated August 28, 2022, indicated that his 2021 income tax return was accepted as filed. On March 15, 2023, he receives a Notice of Reassessment dated March 8, 2023 indicating that he owes additional income tax, as well as interest on the unpaid amounts. What is the latest date for filing a notice of objection for this reassessment? Explain your answer.
