Taxation, 2009 Bar — Question I
← TaxationTRUE OR FALSE
TRUE or FALSE. Answer TRUE if the statement is true, or FALSE if the statement is false. Explain your answer in not more than two (2) sentences. (5%) (a) A law that allows taxes to be paid either in cash or in kind is valid. (b) When the financial position of the taxpayer demonstrates a clear inability to pay the tax, the Commissioner of Internal Revenue may validly compromise the tax liability. (c) The doctrine of equitable recoupment allows a taxpayer whose claim for refund has prescribed to offset tax liabilities with his claim of overpayment. (d) A law imposing a tax on income of religious institutions derived from the sale of religious articles is valid. (e) A false return and a fraudulent return are one and the same.
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