FAQ – What if I’ve missed the tax return deadline?

November 2, 2016

Maybe you were overseas, or perhaps you just ran out of time. Whatever the reason, if you’re reading this chances are you missed the tax return deadline. Our taxperts can help you with what to do if you’re in that situation.

 

 

1. Don’t panic

There’s always a solution, and a whole team of income tax professionals on your side. Too many Queenslanders panic and put off their tax return for another year and end up owing more to the ATO. The best thing to do is find your nearest ITP Qld office, and look at your options. Everyone is different, and there’s always a unique solution to your problem.

2. Understand FTL’s

Don’t be put off by the tax jargon – an FTL means Failure To Lodge fee. The longer you delay you return, the higher the fee could be. There are ways to abate the fee, with the right reasons and depending on your canadian online casinos unique cirucmstances, but discuss it with a tax professional to see what’s best for you.

3. Prepare your documents

A trip to your nearest IT Qld office can be a quick in and out as long as you have everything you need ready to go. To maximise your return, bring along all receipts, payslips, Centrelink statements, and any documents on our Tax Checklist you can rustle up.

 

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