Australian Online Ezy Tax Return System - Do I need to lodge a tax return this year.

Do I need to lodge a tax return this year ?

There are a number of reasons why you may be required to lodge a tax return for the financial year.

Reasons to lodge a tax return for this financial year.

You paid tax during 2004-2005

You need to lodge if you were an Australian resident and any of the following applied to you:
	You had amounts of tax withheld from income you received or earned.
	You were required to lodge an activity statement under the Pay As You Go (PAYG) system and pay an instalment amount during the year, and that amount has not been fully refunded to you.
	You had amounts withheld from interest because you did not quote your tax file number (TFN) or Australian Business Number (ABN) to the investment body.

You received a Commonwealth of Australia government pension, allowance or payment AND you were NOT a Senior Australian.

You need to lodge if ANY of the following applied to you:
	You received an allowance or payment listed at item 5 of your tax return and you had other income.
	You received a pension, allowance or payment listed at item 6 of your tax return AND your assessable income was more than the relevant amount:
		if you were single or widowed at any time during the year - $15,970
		if you had a spouse but either of you lived in a nursing home or you had to live apart due to illness - $15,164
		if you lived with your spouse for the full year - $13,305
		Your assessable income, which means your total income from all sources before deductions, includes the 'taxable pension' shown on your PAYG payment summary - individual non business plus other types of income, such as bank interest, taxable unit trust distributions, dividends, wages, most foreign pensions, eligible termination payments and net capital gains. It does not include exempt income.
	You meet any of the conditions in the REASON 1 or OTHER REASONS section

You received or earned income not covered by REASON 2.

	You need to lodge if your taxable income exceeded the following amounts:
		$6000 if you were an Australian resident for tax purposes for the full year.
		$643 if you were an Australian resident for tax purposes under 18 years of age at 30 June 2005 and your income was not salary or wages.
		$1 if you were a non-resident and you had income taxable in Australia - excluding income that has non-resident withholding tax withheld from it.
		Part-year tax-free threshold amount If you stopped full-time education for the first time or you became or stopped being an Australian resident for tax purposes, you will have a part-year tax-free threshold which determines whether you have to lodge a tax return. See also: How to work out your part-year tax-free threshold amount.

OTHER REASONS You need to lodge if any of the following applied to you:

	You are the liable parent under a child support assessment.
		You have a reportable fringe benefits amount on your PAYG payment summary - individual non business. You are entitled to a 30% private health insurance rebate.
		You carried on a business.
		You made a loss, or you can claim a loss you made in a previous year.
		You were entitled to a distribution from a trust, or you had an interest in a partnership AND the trust or partnership carried on a business of primary production.
		You were an Australian resident for tax purposes and you had exempt overseas employment income and $1 or more of other income.
		You are a special professional covered by the income averaging provisions. These provisions apply to authors of literary, dramatic, musical or artistic works, inventors, performing artists, production associates and active sportspersons. Income from dividends or distributions.
		You need to lodge if you received income from dividends or distributions exceeding $6,000 AND you had imputation credits or amounts withheld because you did not quote your TFN or ABN to the investment body. If you have an imputation credit shown on your dividend or distribution statement for 2004-2005, or had an amount withheld from dividends because you did not quote your TFN or ABN to the investment body, but do not need to lodge a tax return because none of the reasons above applied, you may be able to claim a refund of this imputation credit or amounts withheld.