14. If the taxpayer failed to pay the tax demanded per final assessment, the government may exercise several administrative remedies. Which of the following is not correct?Levy of real property of the taxpayer may be availed of only after distraint of personal property of taxpayer.Either distraint or levy may be pursued simultaneously once the assessment becomes final and demandable.If the tax assessed is P 100 and below, levy or distraint may not be availed of.The remedy of distraint of personal property may be repeated if necessary until the full amount due and all expenses are collected.

Distraint and levy cannot be simultaneously.

Answered: 14. If the taxpayer failed to pay the…

SWFT Essntl Tax Individ/Bus Entities 2020

23rd Edition

ISBN:9780357391266

Author:Nellen

Publisher:Nellen

Chapter2: Working With The Tax Law

Section: Chapter Questions

Problem 8P

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14. If the taxpayer failed to pay the tax demanded per final assessment, the government may exercise several administrative remedies. Which of the following is not correct?

Levy of real property of the taxpayer may be availed of only after distraint of personal property of taxpayer.
Either distraint or levy may be pursued simultaneously once the assessment becomes final and demandable.
If the tax assessed is P 100 and below, levy or distraint may not be availed of.
The remedy of distraint of personal property may be repeated if necessary until the full amount due and all expenses are collected.

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