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Old Tax
Answered 4 years ago
I just logged into My Gov and saw that I had not logged tax in 2001. I would have been in senior year / year 12 so it's possibly something I'd forgotten about. I was working part time as a 17 year old. What happens if you have forgotten? I'm concerned I am in for a big fine eeeeek
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ANSWER
4 years ago
Didn’t we not have to lodge one then if we earned under a certain threshold?
ANSWER
4 years ago
Check with your Accountant, but with the time lapse & you being a student, I think all will be fine
ANSWER
4 years ago
I have the same and I have no frigging idea what I was doing way back then! I won't have any hope in hell of getting documents, and would hope that they would have records of tax I was paying.
ANSWER
4 years ago
I don't think so. I would just ignore it cause they would've been under the impression that you were not working. Let sleeping dogs lay...
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REPLY
4 years ago
Don't do that. You can get penalties for not lodging past tax returns.
ANSWER
4 years ago
Yeah I have something similar, from when I was in uni. They don’t care.. I tried my best but could not get the documents for the summer job I did
ANSWER
4 years ago
They only look back 5 years. Anything older than that isn't assessable.
I just googled it. It says ATO can only assess back two-four years. You're in the clear.
I just googled it. It says ATO can only assess back two-four years. You're in the clear.