Question 1

What happens if I haven't lodged tax returns for 5+ years?

Accepted Answer

The ATO may charge penalties of up to $1,565 per overdue return and issue warning letters. However, we've successfully lodged returns for clients 15+ years behind. In most cases, we can negotiate with the ATO to have penalties waived or significantly reduced, especially if you're proactive about getting compliant. We handle all ATO communication on your behalf.

Question 2

Can ATO penalties be waived or reduced?

Accepted Answer

Yes. Most penalties can be waived or reduced if you show a genuine effort to become compliant. We have a strong track record of negotiating penalty reductions with the ATO. In many cases, our clients pay zero penalties when we lodge all their overdue returns together and demonstrate reasonable cause for the delay. We know exactly how to present your case to the ATO.

Question 3

Do I need all my paperwork from previous years?

Accepted Answer

No, you don't need perfect records. We can reconstruct your tax information using bank statements, ATO records, and other available documentation. Many of our clients have incomplete paperwork, and we work with what you have. The important thing is to start the process - we'll guide you through gathering what's needed.

Question 4

Will I face legal action for late tax returns?

Accepted Answer

Legal action is extremely rare and typically only occurs after repeated failure to respond to ATO notices. In our 50 years of practice, zero clients have been prosecuted when they've taken action to lodge their returns. The ATO prefers compliance over prosecution. Once you engage with us, you're demonstrating good faith, which dramatically reduces any legal risk.

Question 5

How quickly can you lodge multiple years?

Accepted Answer

For urgent cases, we offer a 48-hour turnaround. Most multi-year catch-ups are completed within 1-2 weeks, depending on the complexity and availability of your records. We lodge all years together, so you become fully compliant in one visit. The sooner you start, the sooner you'll have peace of mind.

Question 6

What if I can't pay the tax debt immediately?

Accepted Answer

You don't need to pay your tax debt before lodging returns - in fact, you can't set up a payment plan with the ATO until returns are lodged. We focus on getting you compliant first. Once lodged, we can help you negotiate a payment arrangement with the ATO that fits your budget. Many of our clients pay off tax debts over months or years.

Question 7

Can you help if I've received ATO warning letters?

Accepted Answer

Absolutely. ATO warning letters are actually an opportunity to act before the situation escalates. We respond to the ATO on your behalf, explaining that you're working with a registered tax agent to become compliant. This immediately changes the ATO's approach from enforcement to assistance. Bring any ATO letters to your first appointment - we'll handle all communication from there.

Late Tax Returns Sydney | Chatswood Taxation Consultants

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