Lodge Your Tax Returns Or Else

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Lodge Your Tax Returns Or Else - Tax Office Warns!

Are you?	- A taxpayer with outstanding income tax returns?
At a glance:	- The Tax Office is sending out letters to warn "non-lodgers" that they may be issued with default tax assessments if they fail to lodge their overdue tax returns.
You should:	- Ensure you lodge your tax returns on time. - Contact us if you require any clarification or advice.

1.	In October 2009, the Tax Office sent correspondence to various taxpayers advising them that their overdue returns had to be lodged by December 4, 2009.
2.	The Tax Office warned that taxpayers who failed to lodge their overdue income tax returns by that date would receive a default assessment based on the information available to the Tax Office.
3.	Taxpayers who have been issued with a default assessment may incur penalties for failure to lodge on time, as well as shortfall penalties.
4.	A summary of the taxpayer's estimated taxable income on which any default assessment will be based was included in the Tax Office warning letters.