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Individual ATO Data matching and trust distributions
I’ve used the Solution empowerment approach for minimising my tax in a previous year. Recently I got a letter from the ATO data matching saying I missed a distribution from a trust that I’m a beneficiary for. What’s best approach with this: 1. Add an amendment including this extra amount, and increase my other work related expenses to cover it, or 2. Try to get ATO to not add this income to my assessment?
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3 Replies
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Go to the next Q and A in a fortnight and ask Mark what he thinks. You can RSVP here https://solutionsempowerment.org/event/general-qa-june-14/
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Are you sure it’s the ATO and not some scam?
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Yes its legit unfortunately, trust details and amount is correct.
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