There are over 8 million taxpayers claiming work-related deductions and the Australian Taxation Office (ATO) are checking them out!
In 2014/15 approximately 450,000 income tax returns were scrutinised and that number is climbing every year as technology advancements are made.
The following weeks will see me exposing some of the dodgy deductions the ATO have picked up on, I hope you enjoy the read.
Case study 3 – Travel expenses
A medical professional made a claim for attending a conference in America and provided an invoice for the expense.
When the ATO checked, it found that the taxpayer was still in Australia at the time of the conference. The claims were disallowed and the taxpayer received a substantial penalty.
Regards