MGS Private provides advice and assistance with ATO tax disputes and audits. These processes are essential when dealing with tax assessments, disagreements, and legal decisions. Here’s a concise overview:
- Tax Disputes and Objections:
- Disputing ATO Decisions:
- If you disagree with an ATO decision about your tax affairs, you have the right to lodge an objection.
- Grounds for objection include specific reasons related to your circumstances.
- You can request remission of interest or penalties on unpaid tax liabilities.
- External Review:
- If dissatisfied with the objection outcome, you can seek external review through the Administrative Appeals Tribunal (AAT) or the Federal Court.
- The ATO follows a disputes policy to manage disagreements consistently.
- Being a model litigant is a mandatory requirement for the ATO during disputes.
- Tax Audits:
- What Happens During an ATO Audit?
- The ATO examines your tax affairs to ensure compliance.
- If you disagree with the audit outcome, you can dispute it through alternative dispute resolution (ADR) or in-house facilitation with an ATO facilitator.
- Responding to Audits:
- Carefully review the “Reasons for Decision” provided by the ATO during an audit.
- If you believe there’s a mistake, consider disputing the amended tax assessment.
Remember, understanding your rights and options during tax disputes and audits is crucial. Seek professional advice if needed. If you have further questions, contact MGS Private.
