20 Mar 1515 On data matching in the taxpayer’s favour
MEMBER 48 writes:
“It has been a long standing position that the ATO Data matching (IMS) never issues anything where the omission/correction on a ITR is in the taxpayer’s favour.
I have recently caught up with a very elderly person’s tax for a few years. The last one lodged by the 94 year old, self preparer bless his soul, was the 2010 year and he missed the Australian Superannuation Income Stream Tax Offset, some $4,500. So ATO data matching won’t give out any info of the missed data in the ITR, just keeps his $4,500 (he has other refundable credits/withholding).
Another example of how the ATO system is so biased towards their objective of collecting revenue, rather than ensuring people pay the correct amount of tax. It is really poor that this situation has existed for well over 20 years, and the ATO will still not issue IMS discrepancies for possible credit assessments.
(I guess they don’t have the resources to do this system upgrade, but we do have a mobile phone app!!)”