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23 May 14 Amending tax returns

MEMBER 57 writes:

“To Member 53 - see 2014 TaxVine No 16 (16 May 2014).

I really feel sorry for you and your client.

The scary part here is that you mention a 2010 tax amendment. Guess what, that is over two years ago so the ATO may not amend.

I lodged six years’ returns for a client on the one day. One of them had an error that generated a $10,000 refund. I tried to amend the return to give the $10,000 back but the ATO refused the amendment as the year I was trying to amend was more than two years ago, not withstanding that the tax return had been lodged less than a month earlier. The client now loves the ATO.

Good luck with the $309,000 tax bill.”

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