Old Tax Returns

How to deal with Old Tax Returns

Even though it’s time to do your current tax return, it’s never too late to catch up on old tax returns that you haven’t done or have forgotten about. 

Time is ticking; to avoid being penalised and fined, you will need to lodge your old tax returns. Not sure what to do?
Don’t worry we can help!

Things to be aware of:

• If you have old tax returns the ATO may hold onto your current year refund until you have caught up
• You may get late lodgement penalties and fines plus general interest charges for each year you forget to lodge
• Even if you didn’t work during the prior years that you didn’t lodge a tax return, you still need to tell the ATO – you can do this by lodging a Non-Lodgement Advice for the appropriate years or let us know and we will do it for you.

If the ATO is bugging you or you know you have old tax returns to catch up on, you can email us at youareimportant@gotax.com.au or give us a call on 07 3881 0942 and we can help you out.

Get your tax return done and dusted within 10 minutes using GoTax Online’s etax system!

Quick Income Tax Return $10, Income Tax Return with the lot $64.95 and if it’s your first time, you can do it for FREE!

gotax.com.au

Note that the information provided is general in nature and subject to change, please contact one of our professionals who can evaluate your circumstances and provide more accurate advice to your current situation.