LodgeiT

Question: I have processed a clients income tax return including their superannuation income stream. I took out the taxable field as it is non taxable as pe...

Question: Where we could enter foreign property loss which needs to be carry forward? Answer:  If your foreign capital losses exceed your capital gains, y...

Error: CMN.ATO.INCDTLS.000014 - Superannuation income stream component amounts are incorrect. Answer: The error "CMN.ATO.INCDTLS.000014" is the...

Illustration. The client receives income as a beneficiary of family trust and he is eligible to claim Small Business income tax offset of $1000 in his indi...

Error: CMN.ATO.IITR.40044 - Spouse's or de facto spouse's first name must not exceed 15 Characters. Solution: Make sure to unlock the form f...

Question: Is it possible to have adjustments that the ATO make for super contributions factored into the refund? Answer:  Add via Division 293 tax section ...

Question:  I have a new client with carried forward losses in her individual return. She has Primary Production Losses and Non Primary Losses. Her income t...

Illustration:  A client ITR FY 2023 and she has HECS HELP DEBT $185478. However, her taxable income is 42392. Therefore, based on ATO she should not need t...

Where to find HECS-HELP Repayment? HELP-HECS Debt HECS Repayment Calculation ITR: How is "Compulsory Higher Education Loan repayment (HELP)"...

"Net Financial investment loss" calculation 20M1 Total dividend income or managed investment scheme income from foreign companies" + "2...