. 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

SWFT Comprehensive Vol 2020
43rd Edition
ISBN:9780357391723
Author:Maloney
Publisher:Maloney
Chapter26: Tax Practice And Ethics
Section: Chapter Questions
Problem 36P
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1. 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. None of the above
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