Overdue Tax Returns

A new client came to our firm after not lodging his tax returns for the previous

12 years. He couldn’t find all the necessary paperwork relating to each year,

particularly the older years. We were able to retrieve some of these records

from previous employers and other sources. We could then complete these

overdue returns. Initially the ATO charged the client some significant penalties

and interest. We were able to negotiate these penalties with the ATO on

behalf of the client. On this occasion, we managed to have the full $90K of

penalties waived..

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