on 30 January 201906:27 PM - last edited on 4 February 201911:25 AM by JodieH
I recently found out - after finally linking my mygov account to the ATO - that I have three separate tax returns overdue for 2015-2016, 2016-2017, and 2017-2018.
I'm a 20 year old university student - who works casual hours, earning on average $6,000-8,000 per financial year - and back in 2015, my parents' tax advisor told me there was no need in me lodging a tax return. At the time, however, I didn't realise that any tax withheld by the ATO would need to be claimed by myself. So, I held off checking the ATO website until recently - to check my HECS-HELP debt - and discovered my overdue returns.
I have now made lodgements for all my overdue tax returns. However, will the ATO still penalise me for this?
Edit: Neither my parents nor I received any notifications about my overdue tax returns? Would this affect my situation?