Taxation, 2012 Bar — Question 44

MULTIPLE CHOICE

The Commissioner of Internal Revenue may NOT inquire into the bank deposits of a taxpayer, except: a) When the taxpayer files a fraudulent return; b) When the taxpayer offers to compromise the assessed tax based on erroneous assessment; c) When the taxpayer offers to compromise the assessed tax based on financial incapacity to pay and he authorizes the Commissioner in writing to look into his bank records; d) When the taxpayer did not file his income tax return for the year.

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