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  1. #1
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    Default Haven't done tax return in years.. HELP

    Hubber under cover here. Please don't judge as what's done is done.

    So my DP and I have not long had a baby and I will be returning to work next year. I was looking at how to apply for CCB and CCR. I showed DP the paper work and he admitted that he hasn't done a tax return since 2009! He used to own a franchise business before we got together and he hasn't done all of those tax returns or any since.

    To apply for CCB and CCR we need to provide our tax file numbers. Obviously DP is going to call the tax department and try to work something out. I'm assuming/hoping that they will just give him a payment plan? We don't have money to pay all of whatever he probably owes and I'm also hoping he won't have to go to jail.

    Has anyone been through something similar? Is it possible to just go on a payment plan? I'm praying he's not going to get into too much trouble.

    Thanks in advance.

  2. #2
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    I didn't do one for 8 years but they owed me money so it wasn't an issue. I think if you owe them money that's when it gets complicated. Sorry I know that's no help but at least you know your DH isn't the only one!

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    We haven't done our business tax for last two years. We will owe them a small amount only. They told me they just work out what you would have owed and chuck some interest on depending on how overdue it would have been. Don't panic, just get an accountant to do it soon


    Me: 32, DH: 34
    DD1: 8, DD2: 6, DD3: brand new 💖

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    First of all he won't go to jail or get fined
    Did he have an abn?
    Has he got records of deductions like travel, equipment, electricity etc?
    If so he can ask for the admendment forms to do the last few years worth of bas statements, then do a regular tax form for each of those years

    I'm not sure if there will be a payment plan, but I guess there might be.

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    Or an accountant like pp said yes

  6. #6
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    I would suggest you go to an accountant.

    If he had a business its often not that simple to complete your tax returns, so get an accountant to do it.

    They will arrange with the ATO for late lodgement etc - a timing and then once lodged, if you owe money you can arrange a payment plan.

    There are late lodgement fees (I think its $110 per return) and interest on the outstanding amount - but these too can be worked out.

    If he has outstanding BAS statements, the late fees can add up ... so its worth trying to negotiate those with the ATO ...

    He will not go to jail.

    As an accountant I saw an extraordinary number of people with 7 or more years of outstanding returns. Dealing with them voluntarily is much better than waiting for the ATO to come to you ...


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    Yes please see a business tax accountant

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    I worked as a tax accountant and often had people come in who hadn't done their tax for years - they were always so relieved to get it done. I would also advise seeing an accountant, it will cost $100s but will be done properly and give you peace of mind.


 

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