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    Thread: OMG Tax return



     
    1. #11

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      Am chomping at the bit to get my return done but don't have payment summaries yet boohoo! Having had no income for my first 3 months here, plus being taxed with no threshold for the past 6 weeks (my fault, ticked wrong box hoho) should provide enough dosh for a nice day out at DFO heheh!

      Glad this is resolved for you whichway, a big tax bill would have been a slap in the chops right enough.
      whichway1 likes this.

      PSS International Removals
      She'll be right!

    2. #12

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      Go and see a Tax Agent. He/she won't necessarilly get you a refund but at least you can be sure you are not missing out on anything. I got a demand for $700 and went to see my agent and he thinks there is a mistake so he will contact the ATO.
      whichway1 and Delaneym like this.

    3. #13

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      My 1st year here, I done my own tax return, It came back that I owed them money as like you, I didn't think I was a resident as then was on a 457 Visa I contacted the ATO to clafify this question (as I was confused by this as really I wasn't a resident!!) but when lodging this I was a resident for tax purposes! to my relief I didn't owe them anything I got it back. So I would contact them to claify if you have dones this correctly. Good Luck
      whichway1 likes this.

    4. #14

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      Does everyone have to submit a tax return?
      Even if you have a partner who hasn't worked or earned anything, do they still have to do a "nil return" ?

    5. #15

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      Quote Originally Posted by Slean Wolfhead View Post
      Does everyone have to submit a tax return?
      Even if you have a partner who hasn't worked or earned anything, do they still have to do a "nil return" ?

      Information here:
      http://www.ato.gov.au/corporate/cont...0&mfp=&st=&cy=
      Slean Wolfhead likes this.

    6. #16

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      I shouldn't read topics like this of a Sunday morning... haha tax stuff scares me. I'm only young!! Was doing my first tax return last year in Australia, not long after I had turned 19... it's kinda a scary deal. Thankfully I only owed something like $50, I calculated it online myself and then went to a tax agent and had them do it just to be double safe and it seems for once in my life my math hadn't failed me.

      I'm really hoping to get something back this year as well... lol

      Hopefully all those PAYG summaries will be waiting in the mail when I get back to Bris.
      "Is that Luke... as in Luke Skywalker?" | Brisbane, Australia since August 2010

    7. #17

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      Quote Originally Posted by Slean Wolfhead View Post
      Does everyone have to submit a tax return?
      Even if you have a partner who hasn't worked or earned anything, do they still have to do a "nil return" ?

      If you are getting Family Assistance payments you do, you have to complete a non-lodgement form, send it to the ATO and also make sure you've advised the Family Assistance office that you've done it. The Family Assistance Office won't balance your account and release any supplements until this is done!!

      Not sure if those who don't claim Family Assistance would have to do it. I probably would anyway as a non-lodgement form is easy enough to fill out and send in.


      ETA: I've actually just done my non lodgement form and it says on it that if you don't have to do a tax return then you have to send the non-lodgement form into the ATO by 31st October. I use e-Tax to generate my non-lodgement form, it's straightforward enough to do
      Last edited by Jurls; 01-07-2012 at 06:49 AM.
      Slean Wolfhead likes this.
      It is not economical to go to bed early to save the candles if the result is twins - Chinese proverb

    8. #18

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      Quote Originally Posted by Jurls View Post
      If you are getting Family Assistance payments you do, you have to complete a non-lodgement form, send it to the ATO and also make sure you've advised the Family Assistance office that you've done it. The Family Assistance Office won't balance your account and release any supplements until this is done!!
      Not sure if those who don't claim Family Assistance would have to do it. I probably would anyway as a non-lodgement form is easy enough to fill out and send in.
      ETA: I've actually just done my non lodgement form and it says on it that if you don't have to do a tax return then you have to send the non-lodgement form into the ATO by 31st October. I use e-Tax to generate my non-lodgement form, it's straightforward enough to do
      Yep, got that and completed it.
      The difficult bit on the eTax is the part year business and tying up the medicare exemption levy (or not) with number of days pre-emigration/post, then doing it for the partner who's claimed nothing in benefits.
      Probably just safer to get the first one done by a tax pro for the money and time it's going to save.

    9. #19

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      Ah yes, that does sound a bit messy. This is my third tax return, I'm not working and have no overseas assets or anything so it's pretty straightforward for me. Otherwise I think I'd probably get a tax accountant to do it, the first one at least.
      It is not economical to go to bed early to save the candles if the result is twins - Chinese proverb

     

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