Susan Ross paid the following amounts to her registered tax agent.
How much can she deduct under ITAA97 s25-5?
1 - Lodgement of her own income tax return $900
2 - Obtaining FBT advice $400
3 - Income tax advice on creating a partnership with her husband $1,000
4 - Objecting to the ATO regarding an expense that they disallowed in her income tax return $700
A) Items 1 and 3
B) Items 2 and 3
C) None
D) Item 1 and 4

Question

Quizplus · Accepted Answer

Under ITAA97 s25-5, expenses incurred in managing or complying with tax obligations, such as the lodgement of an income tax return (Item 1) and objecting to the ATO regarding a disallowed expense (Item 4), are deductible.

Susan Ross Paid the Following Amounts to Her Registered Tax