G gooram 18th Aug, 2009 #1 Let's say "a friend of mine" made a mistake on their tax return and didn't include a significant deduction, is it possible to re-claim for the applicable year? If not do you know of any process that allows you to adjust a claim in any way? Thanks.
Let's say "a friend of mine" made a mistake on their tax return and didn't include a significant deduction, is it possible to re-claim for the applicable year? If not do you know of any process that allows you to adjust a claim in any way? Thanks.
M Minxdamanx 18th Aug, 2009 #2 My new accountant is currently re-doing our 07/08 returns as our old accountant missed something. So yes, it is possible.
My new accountant is currently re-doing our 07/08 returns as our old accountant missed something. So yes, it is possible.
FletcherTax 18th Aug, 2009 #4 Yes, under the current system both the ATO and taxpayers can amend upto 5 years worth of Returns.
G gooram 19th Aug, 2009 #5 Thanks guys. If anyone is interested in doing it themselves, I tracked down the form you need to make the adjustment. http://www.ato.gov.au/content/downloads/2843_07_2006.pdf Cheers.
Thanks guys. If anyone is interested in doing it themselves, I tracked down the form you need to make the adjustment. http://www.ato.gov.au/content/downloads/2843_07_2006.pdf Cheers.
Rixter 19th Aug, 2009 #6 gooram said: Let's say "a friend of mine" made a mistake on Click to expand... Depends on how well you know 'your friend'!
gooram said: Let's say "a friend of mine" made a mistake on Click to expand... Depends on how well you know 'your friend'!