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05 Aug 11 ATO Tax Practitioner Forum meeting

Tax Counsel Tamera Lang FTIA is attending the ATO Tax Practitioner Forum (ATPF) meeting today. The topics for discussion include the ATO’s recent letter about Unpaid Present Entitlements, the problems with the recent Failure to Lodge on Time Warning letters, an update on Proof of Identity procedures, the ATO’s debt collection practices and practical issues associated with the TFN withholding for closely held trusts rules.  We will give a full report on the meeting in next week’s TaxVine.