Family tax supplement

just a question if u notify family assistance that u dont need to do a tax return do u have to tell ATO coz im pretty sure u dont have have to coz thats wat i was told by family assistance and i notified them but i havent heard anything back as to when its happening is that normal?

No, I don't think you have to tell the ATO, just C'link.

im patiently waiting for mine i keep looking online at my bank to see if i have recieved my family tax supplement lol
so broke atm cannot wait! :)

I didn't tell ATO, only Centerlink, and mine has gone through :)

I spoke to FAO about it today & I was told to check with the ATO just in case.

there is a form you need to fill in for ATO that advises that you have no need to lodge a tax return. if you don't, your "file" stays open for that financial year and ATO don't consider your tax affairs finalised.

Non-lodgment advice 2009-10

here is a link to the page on their website. doesn't take long and will finalise your dealings so that everything is wrapped up

you need to notify BOTH ATO and FAO that you won't be lodging a tax return

ok well i just checked and its going through on friday yay

the fao stuff will go through if you only notify FAO - but if you don't notify ATO, ATO doesn't know and will keep your file open

Mine is going in on Friday too and about $500 that I didn't expect.

Regards,
Dianne

hey BG, i was a bit confuzzled and filled in my tax return (which says $0 payable) i havent lodged it but its all filled out, can i just click send and lodge it rather than sit on the fone to FAO and ATO all day?

you don't need to do anything with FAO if you've been on PPS all year. with the ATO, if it says $0 payable, does it show that you will be getting back what you paid from your PPS? i would be wary of submitting if i wasn't sure i was getting back what i'd paid

Good news for me :D Overestimated DH's income by about $5k this year, so I should be getting a little top-up, which will come in super-handy for us atm!! (I'm about to call my mum and ask her to buy a box of nappies for the DDs because I'm so skint!)
Now to hustle DH off to the taxman to get it all filed and notify ATO and FAO :)

BG, my friends mum is an accountant and she had a look and told me i wont be getting anything back from my PPS. and i already received my FTB supplements

BG- have a question for you. I have a $700 tax debt from last year that I only found out about recently (apparently there was a discrepency in my income.) Anyhow I know I have been taxed $520 from Parenting payments as I've already recieved the group cert from centrelink. As I haven't worked at all for the whole year I'm assuming that all of that $520 would be coming back, is this correct?? So if I get the $520 it will go straight onto the tax debt won't it?
Second part of the question: We recieve full FTB A and about 90% FTB B, so I would be entitled to both of the supplements i'm assuming?? I'm pretty sure we will have underestimated our combined income by about $1000, if thats so are we likely to recieve none of the supplement? Or some of it??
Sorry to ask so many questions its just hard not knowing with so many bills piled up.
TIA

tattoo_mumma - a friend of mine is on single & they haven't actually started processing the single payment supplements yet (from what they told her on the phone), so you shouldn't have recieved it yet. Are you registered for c'link online? If you are if you are getting the payment in the next 2 days, it will show on your future payments list. If its already been paid, it'll be in past payments. If there's nothing on either list, it hasn't been paid to you yet :)

Ella - My DH had a $450 debt a few years ago & it automatically came out of his next refund from what I remember. So if this debt is in your name, & you paid $520 in tax, I assume they'll take that & your debt will go down to the difference.
If you only underestimated by $1000, it shouldn't make much difference to your supplement, but what ever you were over paid will come out of the supplement payment from my understanding. I can't imagine it would be very much at all though hun. (BG - correct me if I'm wrong :))

Ella - the amount of tax you paid will go straight of the previous year tax debt when you do your return. some of your supplements may also be garnished (as it is a commonwealth debt). in theory you won't be topped up a "tax benefit" when you owe taxes, or, vice verse, you won't get a tax refund if you owe ftb. if you over underestimated, any amount you were over paid will come out of the supplements before you are paid them. if it's the lower income earner, it can be as much as 50c in the dollar (so it could be as much as 500 for ftbb) and 20c in the dollar for ftba. really depends on your income estimates

Clover - the bulk reconcilliation payments aren't supposed to start processing until tomorrow, however there are some activities on files that need reconciliation to progress before they can be actioned. given TM is starting a course soon and has (i believe) applied for JET child care, it may have forced reconcilliation of her file early.

Not confusing at all! Sorry TM. My friend is on PPS only & not doing anything else, so I had no idea about any of that.

now im so confused :(
clink told me id get tax back from what i paid on my PPS (apparently its taxable) but then my friends mum whos an accountant said i dont get anything back.
ive already gotten my FTB supplements... im not sure whats going on

if you have paid tax on your pps, you need to get advice as you should have enough with the low income offsets and tax free threshold to not have to pay anything - so everything should come back to you

something has obviously triggered reco on your account hun - hence you getting your supplements already. it could be to do with the child care, teh current care percentage dispute being actioned etc