Question
Malick received his original income tax assessment for the 2020 income year on 15 October 2020, and on 10 February 2021, the Commissioner issued an
Malick received his original income tax assessment for the 2020 income year on 15 October 2020, and on 10 February 2021, the Commissioner issued an amended assessment increasing the taxable income by an amount of rent that the Commissioner claimed Malick had left out of his income tax return. The Commissioner has mistakenly included rent that was earned by Prabhat who is Malick’s brother.
Based on this information what is the most appropriate course of action for Malick?
a. Immediately seek a private ruling from the Australian Tax Office through his tax agent.
b. Ignore the amended assessment as it is clearly wrong.
c. Lodge a request for review with the Administrative Appeals Tribunal.
d. Lodge an objection or a request for amendment of the amended assessment and provide supporting documents as to the ownership of the rental income.
e. Expose the Australian Tax Office as being incompetent on Social Media.
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