Is the RMC 34-2014 a Jeopardy Assessment? HOW TO REDUCE YOUR TAXES WITHOUT BRIBING?

Is the RMC 34-2014 a Jeopardy Assessment? #BIRrules
HOW TO REDUCE YOUR TAXES WITHOUT BRIBING?

#ETM found #RMC34_2014 so intriguing. Its dispositive portion is reproduced hereunder, viz;

"It is, however, clarified that an assessment based on “Best Evidence Obtainable Rule” should not be automatically considered as a doubtful assessment. Scrutiny as to the surrounding circumstances that led to the issuance of such an assessment (e.g., assessments based on Revenue Memorandum Circular No. 23-2000, RMC No. 99-2010, etc.) should be thoroughly evaluated. The taxpayer’s failure to present or submit the required documents necessary to make the assessment of its tax liability makes it incumbent to the Bureau to resort to the application of the best evidence obtainable method to recover unpaid taxes due the government. Therefore, any assessment made as a result thereof is presumed prima facie correct and sufficient for all legal purposes."

To untrained minds, the above statement would bring confusion whether or not the assessment based on Best Evidence Obtainable Rule (BEO) is a#jeopardy_assessment. If there is confusion, all corrupt practices are lurking in the black-corner.

To clear and help the minds of those who are receiving a jeopardy assessment, the term 'jeopardy assessment' shall first be established. Accordingly, #RR30_2002referred to it as a tax assessment which was assessed without the benefit of complete or partial audit by an authorised revenue officer, who has reason to believe that the assessment and collection of deficiency tax will be jeopardised by delay because of the taxpayer’s failure to comply with the audit and investigation requirements to present his books of accounts and/or pertinent records, or to substantiate all or any of the deductions, exemptions, or credits claimed in his return.

Consequently, #BEO directly came from an assessment without the benefit of a complete or partial audit of the taxpayer's books of accounts and other accounting records. Thus, BEO is logically a jeopardy assessment.

Therefore, those who have a BEO assessment have also had a jeopardy assessment and are entitled, upon full compliance with the BIR Regulations, to a reduction of their jeopardy-assessed deficiency taxes by as much as sixty (60) percent.

It's the understanding ofwww.Facebook.com/Kataxpayer that the RMC 34-2014 only reiterates that all deficiency-tax-assessment compromise settlements, including the BEO, shall automatically be under the strict review and evaluation not only of the Regional Evaluation Board but also the National Evaluation Board. Therefore, a taxpayer cannot claim that his application is deemed approved upon payment and filing of the required form.

Finally, the BEO is presumed (in RMC 34-2014's language, 'prima facie') correct.

#Katax sanely says, 'Of course, how can a #taxpayeravail of the privileges that this State provides if the BEO shall not be considered to be correct. Otherwise, there would be no legal basis in applying for a compromise settlement, neither approving the application thereof. Common sense, people. Common sense."

FREE TAX ACCOUNTING SEMINAR-WORKSHOP
"Correct Tax Accounting is the Key Against Tax Deficiency."

"OPTIONAL STANDARD DEDUCTION (#OSD)" TAX ACCOUNTING COURSE FOR VAT AND NON-VAT INDIVIDUAL TAXPAYERS AND SMEs,
Sofitel Hotel, June 18-19, 2014 (2-5p, 9-12a, 2-5p)

Attend those who
1. failed and flunked the CPA Board Exams
2. are offering a bookkeeping service
3. are not satisfied with their CPAs' services
4. have tax problems and BIR investigations
5. are being BIR-oppressed and -harassed
6. are being pushed to bribe a BIR officer
7. want to increase to pursue a 'Entrepreneur' dream
8. don't want to be ignorant of the tax rules

Must do. ...... ........
1. Share this message to at least 50 of your contacts
2. Bring 48 copies of 2551M, 32 copies of 2550M, 12 copies of 2550Q, 12 copies of 1701Q, 8 copies of 1701, general journal, general ledger and 10-column book
3. Bring a least two (2) friends

To semi-qualif y
a. Enroll your NAME, EMAIL & MOBILE via the "Comment".
b. Only 100 taxpayers shall be accommodated.
c. This Offer is valid until June 11, 2014 5pm.
d. A Sofitel-snack shall be served.
e. A Certificate of Attendance shall be provided

Requirements: (Books)
P2,500 - "Tax Accounting Code Shall Prevail."
P1,500 - "BIR Form for Tax Accounting Course"

Katax's contact details
Kataxpayer.Juliet@gmail.com
Katax.Jocelyn@gmail.com
katax.boyet@gmail.com
katax.erick@gmail.com
katax.toto@gmail.com
katax.sonia@gmail.com
katax.juliet@gmail.com
02-439 3918
02-921 6107
0922 801 0922
0998 979 3922
Unit 419 Corporate 101, Mother Ignacia, Quezon City

Applicable terms and conditions are being enforced.
Subject to change without notice and obligation.