SWFT Comprehensive Vol 2020
43rd Edition
ISBN: 9780357391723
Author: Maloney
Publisher: Cengage
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Which of the following instances is not a ground for the BIR Commissioner to inquire or examine the bank deposits of taxpayers?
when the taxpayer filed an application for compromise of his tax liability
when the taxpayer fails the lifestyle check test and shows unexplained wealth
the taxpayers waives his right in writing the confidentiality of the bank deposits
to determine the gross estate of a decedent
The commissioner can force a taxpayer to produce his/its accounting records if the taxpayer refuses to provide the same during audit.
TRUE OR FALSE?
He is the accountant for the business, so should I include that in my explanation? That particularly violates the standards with General Accounting Principles(GAAP) and it could violate Tax codes.
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