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23 Mar 12 On extensions of time

MEMBER 62 writes:

"We recently submitted a 'self-assessed' extension of time for lodgment of FY 2011 Income Tax Returns with original due date of 28 February 2012.

We ticked some boxes, 'requested' 2 weeks, and lodged returns within requested time frame.

Clients have now already received the standard supercilious warning letter, and used up their 'one strike' of lateness before future penalties apply.

If the ATO is not going to process our 'self-assessing' request for extension, then we're back to the old system of lodging late, followed by many subsequent letters requesting remissions. Is it a rock or a hard place?

At least TAXVINE helps keep us thinking we're still sane."

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