ATO watching for foreign income this Tax Time

The ATO is urging taxpayers who receive any foreign income from investments, family members or working overseas to make sure they report it this tax time. New international data sharing agreements allow the ATO to track money across borders and identify individuals...

ATO: ‘Outrageous’ tax claims

The ATO has revealed some of the most “outrageous” tax deductions that taxpayers have tried to claim: A couple of taxpayers claimed dental expenses, believing a nice smile was essential to finding a job, and was therefore deductible. It isn’t and their claims were...