Procedure in the Handling and Processing of Information Return of Organization Exempt from Income Tax (Form No. 1702-A)

March 6, 1972 REVENUE MEMORANDUM ORDER NO. 08-72 SUBJECT : Procedure in the Handling and Processing of Information Return of Organization Exempt from Income Tax (Form No. 1702-A) To all internal revenue officers and others concerned: In order to facilitate the compilation and collation of statistical data on all organization exempt from income tax under Section 27 of the National Internal Revenue Code, the following rules on the handling and processing of BIR Form No. 1702-A, hereinafter referred to as information return, are hereby promulgated: 1. All information returns received in the Regional Offices, as well as in the National Office, shall be forwarded immediately to the Income Tax Division through the Revenue Operations Head (Assessment). 2. Upon receipt, the Income Tax Division shall sort and classify the information returns in accordance with the following classification code: Classification Classification Code 1. Educational Institutions 1 2. Civic clubs 2 3. Religious, charitable, scientific, athletic, cultural and other exempt corporations under Section 27 of the Tax Code 3 3. After the returns have been sorted and classified, the originals thereof shall be bundled in batches of 100 and numbered consecutively. The Assessment Numbers to be assigned shall always start from 00001 for every classification in a taxable year, prefixed with the Code "IR" (to denote information return) and suffixed with the last two digits of the taxable year for which the return was filed. casia Thus, the first information return filed by an educational institution for 1971 shall be assigned Assessment No. IR-1-00001-71. This signifies as follows: IR Information Return 1 Educational Institution 00001 Main Serial No. of Return 71 Taxable Year 1971 4. Each batch of original returns shall be covered by a block control sheet prepared in quadruplicate, the distribution of which shall be as follows: Original to the Data Processing Center; Duplicate to be retained by the Income Tax Division; Triplicate to the Assessment Department and quadruplicate to be retained in the batch. 5. The batches of original returns covered by the block control sheets shall be forwarded to the Data Processing Center for processing. 6. The Income Tax Division shall be the custodian of the duplicate copies of the information returns appropriately numbered and shall fill all requisitions by investigating divisions or regions upon previous authority issued by the Commissioner of Internal Revenue under existing rules governing such matters. All prior instructions, circulars or orders in conflict with this Revenue Memorandum Order are hereby revoked. This Order shall take effect immediately. MISAEL P. VERA Commissioner of Internal Revenue