What the ATO will be looking for in your tax return this year
On top of a crackdown on work expenses, holiday homes and crypto, the ATO is warning it will snaffle old tax debts from this year’s refunds
Taxpayers owing money to the Australian Taxation Office can expect to have their refunds, or credits with other government agencies, clipped by the outstanding amount as a COVID-19 moratorium on recouping outstanding payments is lifted.
Tax agents have been contacted by the ATO warning that “you may notice that your client’s refund is less than expected” as authorities seek to recoup unpaid debts.
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