- 20 Marks
TAX – Nov 2016 – L2 – Q4 – Tax Administration and Enforcement
Explain the grounds for objecting to tax assessments, functions and composition of the Joint Tax Board, and taxes collectible by federal and state tax authorities.
Question
Mr. Drury is a sole proprietor who has approached you regarding the assessment given to him by the tax authority. He has registered his intention to object to the assessment and needs your professional advice.
You are required to explain briefly the following:
a. Grounds for a valid objection to a tax assessment (3 Marks)
b. The composition of the Joint Tax Board (2 Marks)
c. Functions of the Joint Tax Board (5 Marks)
d. Taxes that are exclusively collectible by the Federal Inland Revenue Service (5 Marks)
e. Taxes that are collectible by both the Federal Inland Revenue Service and State Internal Revenue Service (5 Marks
Find Related Questions by Tags, levels, etc.
- Tags: FIRS Taxes, Joint Tax Board, Objection to Tax, State Taxes
- Level: Level 2
- Topic: Tax Administration and Enforcement
- Series: NOV 2016
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