Which of the following statements about the Commissioner’s powers is most correct?   a. The Commissioner cannot request a taxpayer to provide information in writing.   b. The Commissioner can remove documents from a taxpayer’s premises.   c. The Commissioner is entitled to access a taxpayer’s premises at any reasonable time without notice.   d. The Commissioner needs to obtain a search warrant in order to enter a taxpayer’s premises.

Q: explain in etail the penalty for failure in furnish a return or statement (section 182) and penalty…

A: Financial statement fraud is the intentional manipulation of a company's financial statements to…

Q: f civil tax fraud pursuant to IRC § 6663 is asserted by the IRS, the burden of proof falls upon the…

A: IRS refers to Internal Revenue Service. It is a US government agency that administers tax laws in…

Q: .      The Bureau of Internal Revenue filed a case against Prorealty Corporation due to…

A: This is a case of tax delinquency and penalties for companies operating in the Philippines. Tax law…

Q: If you discover a client has not complied with the tax laws, or made an error in or omission from a…

A: Tax return is the return which is filed by the tax practitioner on behalf of the client which…

Q: Under the Code's penalty provisions, a practitioner can rely on scholarly journal articles as…

A: Substantial authority for a tax position means the authority in favor is more than the authority…

Q: The following is punishable under BP Blg. 22: (I) Any person who makes or draws and issued any check…

A: BATAS PAMBANSA BLG. 22 is an act penalizing the making or drawing and issuance of a check without…

Q: He is the accountant for the business, so should I include that in my explanation? That particularly…

A: The principles of accounting have to be followed with line and spirit by following the principles…

Q: which of the following documents issued by bir commissioner must be duly protested by the taxpayer…

A: Answer: Under the Philippine tax system, a taxpayer who receives a final assessment notice with a…

Q: To be registered as a tax agent you need to meet the fit and proper person test. True or False

A: A registered tax agent seems to be a professional accountant who studied tax to register with the…

Q: Which of the following items is not true about fraud?a. It can cause injury or damage to another…

A: Fraud is an intentional mis-representation of facts with the view to have unfair advantage for self…

Q: deductions from gross income? *

A: Correct Answer :- C   discounts given to senior citizens on certain goods and services.

Q: 1) Using the categories included in the professional standards, embezzlement is an example of:…

A: The misappropriation or theft of money or assets entrusted to a person, frequently an employee, who…

Q: Give an idea or opinion on how to catch those practicing tax evasion.

A: In this question . we will explain that how to catch those practicing tax evasion.

Q: Bob is issued with a notice of assessment. What does the Commissioner rely on when issuing a notice…

A: The assessment process takes place to identify whether the taxpayer has understated the income or…

Q: Why would a taxpayer file a tax return if not required to do so?

A: A person is required to file the income tax return as per their respective country’s taxation law.…

Q: True or False 1. Regulatory tax is intended to achieve some social or economic end. Special…

A: “Since you have asked multiple question, we will solve the three question for you. If you want any…

Q: The Tax Code was created to punished people who did not pay taxes.  True  False

A: Tax code is created  for individual and who are in  businesses .In this tax code lots of sections,…

Q: Boracay wrote a complete promissory note payable to bearer. The note was stolen and his signature…

A: In the given case option d is correct... Boracay is liable to a holder in due course....

Q: What is the purpose of the following control procedures (i.e., what threats is it designed to…

A: • The purpose of giving checks for the paychecks is used to detect the fraudulent employee in an…

Q: What of the following is not considered practice before the IRS per Circular 230? A. Corresponding…

A: All things related with a representation to the IRS, or any of its officers or staff, pertaining to…

Q: Work through the self-study problem in this section if you need to, but do not post your answer.…

A: Taxation on income is a type of direct taxation which is paid by citizens of a nation on the income…

Q: in the importance of IRS Code Sections 162(a)(1) and 162(a)(2).   A taxpayer has a tax issue in…

A: Taxpayer refers to the person or an individual or an entity whose income is eligible to be taxed by…

Q: taxpayer has no obligation to pay more taxes than are legally owed, and a [CPA] has a duty to the…

A: Standards for tax services are the standards that describe the responsibilities that CPA’s have…

Q: of an ad valorem tax on person al use property than for busine

A: Ad valorem taxes are proportional to the value of the asset on which it is charged.

Q: Will you be imprisoned for non-payment of tax? Is it absolute?

A: Income Tax- Income tax is a tax levied on a person's or a company's earnings for the previous year.…

Q: Do income exclusions provide taxpayers “tangible” benefits Is the IRS appearing to be socially…

A: Net Income The net earnings a corporation receives from its business operations are known as net…

Q: Governmental units have the right to seize property for nonpayment of taxes, but they are often…

A: Governmental units do have the right to seize property for nonpayment of taxes. Firstly interest and…

Q: Which of the following instances is not a ground for the BIR Commissioner to inquire or examine the…

A: The answer is stated below:

Q: Once a post-filing issue has been resolved to the satisfaction of both the taxpayer and the Tax…

A: The duration for which an authorization form should remain open after a post-filing issue has been…

Q: A taxpayer’s tax-exempt status justifies the non-keeping of books of accounts and other accounting…

A: Exempted income means the income on which income tax is not levied or paid.

Q: If an employer does not deduct taxes and contribution from an employee. The employee has the…

A: In the context of employment, deductions typically refer to amounts that an employer withholds from…

Q: e Commissioner can estimate the income and expense of a taxpayer.

A: The Commissioner is the supreme authority in Internal Revenue Service. His duty is to administer and…

Q: Indicate whether the following statements are "True" or "False" regarding letter rulings. a.…

A: Letter Rulings Letter rulings does not have the force and effect of law, but they provide guidance…

Q: Why is recordkeeping so important as a taxpayer and tax preparer?

A: Record keeping is the process of maintaining and keeping all the accounting records of the business…

Q: When a petition is filed with the Tax Court, the taxpayer is required to pay the deficiency only if…

A:

Q: In what circumstances can a taxpayer challenge an assessment outside the ordinary appeal process.…

A: Introduction:- A taxpayer is a person or an entity (such as a corporation) who is required to pay a…

Q: nt is true or false. Tax related fraud is a criminal offence in South Africa. Therefore, it can be…

A: Tax refers to the mandatory charge imposed by the authoritative government over the income gained by…

Q: Is it appropriate or inappropriate for government tax enforcement officials to socialize with tax…

A: Every individual and company is liable to pay tax to the government. But the individual and company…

Q: Which of the following statements is the most correct regarding The Taxpayer Bill of Rights? a.It…

A: The Taxpayer Bill of Rights inform taxpayers with more details on specific taxpayer rights by…

Q: A taxpayer gives the following reasons in refusing to pay a tax. Which of these reasons is not…

A: An Individual who is eligible to pay taxes on his) her income towards the government, as being the…

Q: According to the AICPA's Statements on Standards for Tax Services, what duties does the tax…

A: Answer:-  Tax practitioner meaning:- Any person, wherever they may be, who is qualifies and in…

Q: If a person knowingly makes a FALSE statement concerning any fact or thing material to a claim that…

A: In this question, we are required to identify the statute that addresses false claims.

Q: The Commissioner

A: TRUE The power to interpret the provisions of this Code and alternative tax laws shall be beneath…

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.