Late Tax Returns
Do People With Late Tax Returns Get in Trouble?
It really depends on your situation. If all your late tax returns are refunds, then they will probably be assessed without penalty. If you owe the ATO money, then they will generally ask for an explanation as to why they are late. The ATO can issue fines and charge interest on money owing, but if you have a reasonable excuse then this can often be waived. We have extensive experience negotiating on behalf of taxpayers with late tax returns, and pretty much every fine we’ve seen we’ve been able to get waived.
What if I Have Lost My Group Certificates?
One of the most common reasons people have late tax returns is because they have lost payment summaries. The good news is that the ATO keep record of people’s payment summaries and we can easily order them in for you. All you have to do is fill in our tax agent appointment form and we will request a copy of all your payment summaries from the ATO. We don’t charge anything for requesting your records, it’s really quite a simple process from our end.
What if I have Lost My Receipts
Most people with late tax returns have at least a few missing receipts, and we will be able to advise you of the best course of action in this circumstance. You have to have valid receipts for your claims once they are over a certain amount, which varies from year to year. But there are also some receipts that can be obtained from the supplier if needed, and there are some claims that can be made without receipts. Our experience lodging late tax returns means we’ll be able to advise you on a year by year basis until you are up to date.
How Much Does it Cost To Get My Late Tax Returns Lodged?
Late tax returns from the year 2000 onward are charged at the same $132 base rate as current year returns. If you have rental properties or complex investments, then the price will be a bit more. Once we’ve spoken on the phone, we’ll be able to give you a fixed quote to get you up to date.
For more information, visit Mother Hen Tax Returns.
Call (02) 9416 7600
or visit one of our tax return offices:
69 Reservoir Street
SURRY HILLS NSW 2010
303 Pacific Highway
SURRY HILLS NSW 2010