Posts Tagged: Tax Dispute

Making a deal with the ATO for your tax debt

If you owe a large tax debt you might be wondering if you can 'cut a deal' with the ATO. I've had this conversation with many clients over the years. 'If the ATO gets rid of the interest and penalties, I can pay the balance in one lump sum' Or: 'Wouldn't the ATO prefer ...

7 tips for a successful phone call to the ATO

If you're stressed about making a call to the ATO, then these 7 steps will help. As a tax disputes expert, I spend a lot of time on the phone to the ATO, sorting out problems for my clients. I follow these steps for every phone call I make - and you should too. 1. Call ...

How the ATO default administrative penalty is calculated, and what you can do to reduce it

If you don’t lodge a tax return or statement with the ATO when it is due, the ATO can send you a default assessment or a notice of estimate. This means that the ATO makes an estimate of your tax and charges you that amount. The worst thing about a default assessment or a ...

Why a notice of estimate of liability from the ATO means trouble

The ATO can issue a 'Notice of estimate of liability' (or an 'Estimate Notice') if it believes that you have overdue: pay as you go (PAYG) withholding amounts; or superannuation guarantee charge (SGC) that has not been assessed. An Estimate Notice is a formal notice that the ATO can issue under section 268-15 of Schedule 1 ...

Don’t get caught out by an ATO default assessment

A default assessment is an assessment of income tax issued to you by the ATO, based on the amount of tax that the ATO thinks you should pay. The ATO can issue a default assessment in two situations: Where you have not lodged a return, notice or another document that you must to lodge.  ...

Using ATO in-house facilitation to resolve tax disputes

I recently represented a client in a drawn-out dispute with the ATO about how the tax law applied to a particular amount of money. We had applied for a Private Ruling, but we didn’t get the answer we wanted. Instead of objecting to that Private Ruling (click here to find out why), we lodged tax ...