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Form 1 - Illustration Income Tax: For Individuals Earning Purely Compensation Income Accomplish BIR Form No. - 1700

This document contains 4 sample income tax forms that provide information about different types of income tax returns: Form 1 is for an individual earning purely compensation income and includes details of the taxpayer's personal information, income sources, deductions, and tax calculations. Form 2 is for a mixed-income earner with both compensation and business income, including income and expense details for both. Form 3 is a capital gains tax return for the sale of a residential property, providing details of the transaction, property value, sale price and involved parties. Form 4 is a monthly remittance return of income taxes withheld on employee compensation for a car repair shop, including payroll information and tax withholding calculations.

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Rea Rose Tampus
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54 views

Form 1 - Illustration Income Tax: For Individuals Earning Purely Compensation Income Accomplish BIR Form No. - 1700

This document contains 4 sample income tax forms that provide information about different types of income tax returns: Form 1 is for an individual earning purely compensation income and includes details of the taxpayer's personal information, income sources, deductions, and tax calculations. Form 2 is for a mixed-income earner with both compensation and business income, including income and expense details for both. Form 3 is a capital gains tax return for the sale of a residential property, providing details of the transaction, property value, sale price and involved parties. Form 4 is a monthly remittance return of income taxes withheld on employee compensation for a car repair shop, including payroll information and tax withholding calculations.

Uploaded by

Rea Rose Tampus
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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Download as PDF, TXT or read online on Scribd
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FORM 1 - ILLUSTRATION

INCOME TAX: FOR INDIVIDUALS EARNING PURELY COMPENSATION INCOME


Accomplish BIR Form No. - 1700
Tax Identification Number - 130- 555-654
RDO Code - 081
Tax Filer’s Name - EMPLEADO, PURITA G
Address - 86 F. Villa St. Brgy. T. Padilla, Cebu City
Date of Birth - February 25, 1986
Email Address - pureemployee@gmail.com
Contact Number - 09054446540
Civil Status - Widow
Passport No. - EB 01234567
Date of issue - November 5, 2013
Dependent children - 1. Empleado, Jose G
Date of Birth: February 28, 2010
2. Empleado, Purificacion G
Date of Birth: April 5, 2012
For the year 2020:
Total gross compensation income - P 900,000
Non-taxable/Exempt income - 80,000
Gross taxable compensation income - ?
Personal exemption - ?
Additional exemption - ?
Total deductions - ?
Net taxable compensation income - ?
Total taxable income - ?
Total income tax due - ?
Tax withheld per BIR Form No. 2316 - 90,500
Net tax payable - ?
Transportation Expenses - 150,000
Interest on savings account with BPI - 2,500 (gross of tax)

FORM 2
INCOME TAX: MIXED INCOME EARNER
Accomplish BIR Form No. -
Tax Identification Number - 145- 575-598
RDO Code - 080
Tax Filer’s Name - DE VERA, JOHN
Address - 796 Remedio St., Cabancalan, Mandaue
City
Date of Birth - April 17, 1981
Email Address - johnDV@gmail.com
Contact Number - 09776540913
Civil Status - Single
Passport No. - EB 0674567
Date of issue - November 5, 2013
For the year 2020:
Total gross compensation income - P 1,200,000
Non-taxable/Exempt income - 90,000
Gross taxable compensation income - ?
Personal exemption - ?
Additional exemption - ?
Total deductions - ?
Net taxable compensation income - ?
Total taxable income - ?
Total income tax due - ?
Tax withheld per BIR Form No. 2316 - 150,00
Net tax payable - ?

Annual Business Income


Gross Sales - P1,800,000
Sales Discounts - 200,000
Net Sales - ?
Cost of Sales - 800,000
Rental Expenses - 100,000
Depreciation - 50,000
SSS, PHIC, HDMF Contribution - 150,000
Taxes & Licenses - 85,000
Security Services - 90,000
Bad debts - 50,000

FORM 3
INCOME TAX: CAPITAL GAINS TAX RETURN

Accomplish BIR Form No. - 1706


Background Information:
Date of Sale - October 5, 2018
TIN of Seller - 130-543-283
RDO Code - 080
TIN of Buyer - 353-990-124
RDO Code - 080
Seller’s Name - Gan Tsu
Buyer’s Name - Nai Lad
Seller’s Registered Address - MC Briones St., Mandaue City
Buyer’s Registered Address - Cubacub, Mandaue City
Seller’s Residence Address - MC Briones St., Mandaue City
Location of Property - Canduman, Mandaue City
Classification of Property - Residential (no improvements)
Area sold - 1,000 square meters
Transfer Certificate of Title No. - 4626
Tax Declaration No. - 2012 – 130 – 162
Description of Transaction - Cash Sale
FMV of land per latest TD - P 865,600
FMV of land per BIR - P1,500 per square meter
Gross Selling Price - P1,300,000

FORM 4
INCOME TAX:
MONTHLY REMITTANCE RETURN OF INCOME TAXES WTHHELD ON
COMPENSATION

Accomplish BIR Form No. - 1601-C


Background Information:
For the month - May 2018
Tax Identification Number - 210-136-820
RDO Code - 081
Line of Business - Car Repair Shop
Registered Name - Repairs R’ Us
Telephone Number - 215-6348
Registered Address - F. Ramos St., BrgyCogon, Cebu City
ZIP Code - 6000
Category of Withholding Agent - Private
Authorized Representative - Conduc Tor
Title/Position of Signatory - Manager
TIN of Signatory - 120-236-545

Computation of Tax:
Total amount of compensation of employees - P 530,000
Other non-taxable compensation:
SSS - 24,577
Philhealth - 31,637
Pag-Ibig - 21,000
Total amount required to be withheld - 67,204
Total amount withheld 67,204

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