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Article #465

Re: Perth Tax Agent Wanted Urgently

#465
From: Patrick Hamlyn
Date: Mon, 10 Apr 2006 00:56
33 lines
2880 bytes
"GDS" <not@home.com> wrote:

>
>"jg" <jg@nospam.com> wrote in message 
>news:Use_f.3015$vy1.2171@news-server.bigpond.net.au...
>>
>> "KL" <nospam@optusnet.com.au> wrote in message
>> news:443919af$0$20113$afc38c87@news.optusnet.com.au...
>>> Note the following from the ATO
>>>
>> (http://www.ato.gov.au/individuals/content.asp?doc=/content/23605.htm&page=3
>> &H3)
>>> which may provide some relief:
>>> In most circumstances, [Failure to Lodge on Time] penalty will not be
>>> applied to late lodged Income Tax returns ... where the lodgment results
>> in:
>>>
>>>   a.. a refund, or
>>>   b.. a nil result, i.e. neither a debt nor a refund.
>>>
>> You reckon someone 10 years late is owed a refund?
>
>Yeah, it does happen. A guy from work gave me 7 years of papers to pass onto 
>my dad(ex-ATO worker) and got a few grand worth of refund.

7 is not 10.  Someting happens at 7 years to reduce your liability, not sure
exactly what.

Chances are the ATO reduces their liability after 7 years as well.
-- 
Patrick Hamlyn   posting from Perth, Western Australia
Windsurfing capital of the Southern Hemisphere
Moderator: polyforms group (polyforms-subscribe@egroups.com)
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From: Patrick Hamlyn <path@multipro.N_OcomSP_AM.au>
Newsgroups: wa.general,aus.general,aus.invest
Subject: Re: Perth Tax Agent Wanted Urgently
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