The Australian Tax Office reviews millions of tax returns yearly, targeting high-income discrepancies.

The Australian Tax Office (ATO) reviews about 2 million tax returns each year, focusing on incorrect work-related expenses, inflated rental property claims, and unreported income. While full audits are uncommon, the ATO targets high-income individuals and unusual transactions using data from various sources. Taxpayers may receive prompts to review their claims, and discrepancies can lead to adjustments. The Inspector-General of Taxation suggests simplifying the objection process for taxpayers.

November 03, 2024
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