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Tax Debt - Managing, Negotiating, Disputing

Published on 24 Nov 2010 | Took place at Swissotel, Sydney, NSW

The ATO appear to be actioning outstanding tax debts more quickly. Garnishee notices, court summons, judgment debts and bankruptcy or winding up orders can progress quickly leaving your client with no opportunity to dispute, or make arrangements to pay a tax debt.

Some taxpayers have been successful in the courts in delaying the collection of their tax debts while they fight their assessments, whereas others have been successful in negotiating time to pay with the ATO.

It is of the utmost importance to tax advisers to know what steps the ATO will take when imposing and recovering debts, and what steps can be taken by your client to make sure they are not the subject of a winding up motion or a sequestration (bankruptcy) order.

This event utilised the skills and experience of an accountant, a lawyer and a tax officer, to illustrate:

  • how you can make sure you have the best possible chance of the ATO accepting a ayment arrangement.
  • what you can do if your client receives an assessment that they disagree with - the audit, objection and appeal process.
  • what you can do if your client receives a summons over an unpaid assessment.
  • when hardship relief may be able to be applied for from the ATO.

Get a 20% discount when you buy all the items from this event.

Individual sessions

Disputing tax debts

Author(s):  Christopher CATT This presentation covers:

  • disputing the amended assessment
  • defending the debt enforcement proceedings
  • defending any criminal proceedings.
Materials from this session:

Tax debt - practitioner view

Author(s):  Scott MCGILL This presentation covers:

  • background - ATO policy & what they say
    • ATO receivables policy - collection of tax
    • general interest charge (GIC)/shortfall interest charge
    • (SIC)
    • payment arrangements
    • small business entity (SBE)arrangements
    • disputed tax debts
  • observations in practice
    • variations both good and bad to policy
    • some real life examples
    • recommended approach.
Materials from this session: