Assignment: July 29, 2008 (Session 10)

Read up already on estate and donor's tax, but we will finish first remedies of taxpayers.

Erratum in Suggested Answers to Midterm Exam

There's a correction in the suggested answer to question IV(3)(a). The corrected suggested answer should read as follows: Dividends received by a resident foreign corporation from a domestic corporation are exempt inter-corporate dividends. Sorry for the confusion.

Assignment: July 22, 2008 (Session 9)

Assignment is remedies of taxpayers.

Suggested Answers to Midterm Exam

Suggested answers to midterm exam

Assignment: July 15, 2008 (Session 8)

Assignment is Remedies of the Government. See attached outline. Cases and issuances to be emailed separately.

Midterm Exam Tip

Do not overlook studying the Code provisions. Many of the questions could be answered if you have a good grasp of the Code provisions.

Midterm Exam: July 8, 2008

Your midterm exam is scheduled on July 8, 2008, 5:00 - 7:30 PM. Please be at the exam room 10 - 15 minutes before 5PM because we will start on time.

As mentioned in class, the midterms will be bar exam-type questions (so study past bar exams to give you an idea). The coverage is Title II of the NIRC (Income Tax), excluding XVI to XIX of the Income Tax Outline. Objective questions (enumeration, true or false, multiple choice) (not exceeding a weight of 10%) are a possibility.

This is a closed-book exam (no notes, codal, annotations, etc. allowed).

I cannot over-emphasize the rule on academic honesty; any form of dishonesty is a serious offense and will be dealt with severely (so don’t even think about it).