Endnotes:
* 90-AR-6805-67/57
Net income per return P 6,982.03
Add: Underdeclaration of Capital Gain
on Sale of Land:chanrob1es virtual 1aw library
Per investigation P18,628.24
Per return 5,127.88 P13,500.36
Net income per investigation P20,482.39
Less: personal and additional exemptions 6,000.00
Amount subject to tax 14,482.39
Tax due thereon P 1,642.00
Less: Amount already assessed P 29.00
Balance P 1,613.00
Add: 50% surcharge 806.50
1/2% mo. int. from 6-20-59
to 6-20-62 P 290.34
TOTAL AMOUNT DUE AND COLLECTIBLE P 2,709.84
90-AR-8520-67/58
Net income per return P 9,195.59
Add: Underdeclaration of capital gain
on Sale of Land:chanrob1es virtual 1aw library
Per investigation P 27,925.61
Per return 6,225.00 P 21,700.61
Net income per investigation P 30,896.20
Less: Personal and Additional
Exemptions 6,000.00
Amount subject to tax P 24,896.20
Tax due thereon 3,697.00
Less: Amount already assessed 132.00
Balance P 3,525.00
Add: 50% surcharge P 1,762.50
1/2% mo. mt. from 6-20-59
to 6-20-62 P 634.50
TOTAL AMOUNT DUE AND COLLECTIBLE P 5,922.00
90-AR-313480-67/59
Net income per return P 9,608.53
Add: Underdeclaration of capital gain
on Sale of Land:chanrob1es virtual 1aw library
Per investigation P 22,878.32
Per return 8,200.00 14,678.32
Net income per investigation P24,286.85
Less: personal and additional
exemptions P 8,000.00
Amount subject to tax P16,286.85
Tax due thereon P 2,589.00
Less: Amount already assessed P 48.00
Balance P 2,541.00
Add: 50% surcharge 1,270.50
1/2% mo. int. from 4-19-60
to 4-19-63 P 457.38
TOTAL AMOUNT DUE AND COLLECTIBLE P 4,268.88
90-AR-32250-67/60
Net income per return P 9,694.48
Add: Underdeclaration of capital gain
on sale of land:chanrob1es virtual 1aw library
Per investigation P18,281.03
Per return 5,700.00 P12,581.03
Net income per investigation P22,275.51
Less: Personal and additional
exemptions P 8,000.00
Amount subject to tax P14,275.51
Tax due thereon P 2,106.00
Less: Amount already assessed P 51.00
Balance P 2,055.00
Add: 50% surcharge P 1,027.50
1/2% mo. int. from 4-18-61
to 4-18-64 P 369.90
TOTAL AMOUNT DUE AND COLLECTIBLE P 3,452.40
GRAND TOTAL P16,353.12
** "SEC. 332. Exceptions as to period of limitation of assessment and collection of taxes. — (a) In the case of a false or fraudulent return with intent to evade tax or of a failure to file a return, the tax may be assessed or a proceeding in court for the collection of such tax may be begun without assessment, at any time within ten years after the discovery of the falsity, fraud, or omission.x x x
"(c) Where the assessment of any internal revenue tax has been made within the period of limitation above-prescribed such tax may be collected by distraint or levy or by a proceeding in court, but only if begun (1) within five years after the assessment of the tax, or (2) prior to the expiration of any period for collection agreed upon in writing by the Commissioner of Internal Revenue and the taxpayer before the expiration of such five-year period. The period so agreed upon may be extended by subsequent agreements in writing made before the expiration of the period previously agreed upon.
"SEC. 333. Suspension of running of statute. — The running of the statute of Limitations provided in section three hundred thirty one or three hundred thirty-two on the making of assessments and the beginning of distraint or levy or a proceeding in court for collection, in respect of any deficiency, shall be suspended for the period during which the Commissioner of Internal Revenue is prohibited from making the assessment or beginning distraint or levy a proceeding in court, and for sixty days thereafter."