IRP5 form is incomplete

Posted 29 July 2015

My IRP 5 Form is incomplete in that all fields are not complete.

Medical deductions - sole beneficiary or payer?

Posted 29 July 2015

My mother pays for my medical aid. I am not a dependent on her medical aid, I am the only member/beneficiary on my own plan with a different provider. I earn my own income and as such have to submit a tax return. Is the amount that is paid by my mother deductible from my income or hers under the "Medical Deductions" section on e-filing?

3806 - cheap or free services

Posted 29 July 2015

I have a figure on my IRP5 that I dont recognise. The code is 3806 and when I look it up it says "Free or Cheap services" - what exactly could that be for?

Tax refunds on personal computer equipment used at work

Posted 29 July 2015

Can I claim for use of my personal laptop/computer at work if I use it daily in the office? For work purposes

Proceeds on Sale of Shares

Posted 29 July 2015

Do I need to declare the sales of my shares if the gain is less than R1 million?

Balance inquiry of 8 cents

Posted 29 July 2015

I submitted my tax return and there is a 8 cents balance outstanding. What does this mean? Do I owe them?

How to file return? (provide templates/samples)

Posted 29 July 2015

How to file return?(provide templates/samples) please?

Changed banking details at SARS but old details still show

Posted 29 July 2015

I have completed my tax return on efiling and SARS owes me money, with no (N) Audit. I changed my banking details at SARS office directly two weeks ago successfully, but when I was busy doing my return online, I noticed my old banking details where still there. I then proceeded to change them to the new ones manually on efiling. Why were my old banking details still visible there? and will they ask me to verify this again, even after I did that at the SARS office?

SARS Statuses

Posted 29 July 2015

What do the different SARS statuses mean? The ones at the top of SARS eFiling that says "SARS Status". Mine states "Return - Assessed" The reason I am asking is because I have been selected for verification \ audit (again) and was just wondering if this meant that they have looked at the supporting documents and moved on to the next phase? To me "Return - Assessed" means that everything has been looked at and it is almost finalised. Am I correct in thinking so? Thanks

What's does lease payments actually refer to?

Posted 29 July 2015

Under "travel claim against allowance" Does lease payments refer to the monthly car repayments I make to Wesbank?

Source code 4238 - Taxable Local Dividend

Posted 29 July 2015

On my IT3b there is an amount Taxable Local Dividend source code 4238. I can not find a source code 4238 on the SARS eFiling generated form. Where do I show the amount?

Returns

Posted 29 July 2015

Hey would like to know if you'll be able to let me know if I have any returns this year please?

Capital Gains on SATRIX fund transfers

Posted 29 July 2015

I received my IT/IB 3(b) and IT/IB 3(c) from Satrix. The IT/IB3(c) reflects disposal of Unit Trusts or financial instruments with source code 4250. I did not cash in any of my EFT's but transferred them from one fund to another. Must I still reflect these values in my tax form?

If yes, which figure do I reflect for source code 4250? - weighted average value, Gross Proceeds, Nett gain / loss or weighted average value.

Are transfer fees deductible for purchase of home?

Posted 29 July 2015

Can I deduct fees paid to transfer attorneys and bond attorneys for the purchase of my home? The property is not an investment property, it is my primary residence - I live there.

Insurance & License fees question

Posted 29 July 2015

Another basic question . . . . Sorry! Just to make 100% certain, under "Travel claim against allowance" is insurance and license fees simply the total of all the insurance premiums I've paid for the tax year period plus license fees incurred?

Medical aid tax certificate and doctors receipts

Posted 29 July 2015

I have a tax certificate from the medical aid as well as receipts for doctors fees paid in cash. Where do I claim these amounts on my tax return?

How do I know if my employer paid my tax to SARS?

Posted 29 July 2015

How do I know if my employer pays SARS my tax?

Sars E-filing or not? Earn under R350 000

Posted 29 July 2015

Hi Taxtim. I already completed my tax return today via sars e-filing. The sars calculator shows a amount refundable to me. What I want to know is, is it correct for me to assume that I can still go ahead with this return despite of the fact that I didn't earn more than R350 000? Also I didn't change jobs, I worked for the same company for a year and 4 months but we were franchised so I have two different IRP5's from two different cc's. Also why I really want to do it because I have a really ex...

Read more →

Additional freelance income declaration

Posted 29 July 2015

I am employed full-time but I did some freelance website development work this year in addition to my normal salary. I wasn't aware at the time that I was going to get the work so didn't submit any provisional tax beforehand. How do I specify this additional income on my tax return?

What is the difference whether I add in the medical amount not covered by my medical aid?

Posted 29 July 2015

Hi There, Please advise if it is at all beneficial to add in the medical amount not covered by the medical aid when completing my tax return? (ie - Dr's bills and medicines covered out of my own pocket). What is the difference whether I add this in or not?

Is taxtim part of SARS?

Posted 29 July 2015

Is taxtim deel van SARS?

How can I submit my IRP5 through the internet?

Posted 29 July 2015

How can I submit my irp5 form through the internet?

When is a company supposed to pay tax?

Posted 29 July 2015

When is my small (pty) ltd company supposed to pay tax? How much does a company have to make so it can start paying tax?

Must I file a tax return? I get only investment income and rent

Posted 29 July 2015

I earn R4000 from an investment and I receive R4600 rent for my house that I rent out. Must I file a tax return?

Temp assignment for 6 months was paid monthly between R600 & R7000 do I need IRP to submit to SARS?

Posted 29 July 2015

Please advise me if I have done a temp assignment for 6 months and was paid between R6000 and R7500 per month depending on the amount of days worked. Do I have to receive a IRP and submit to SARS?
Older posts →← Newer posts    120  121  122  123  124  125  126  127  128  129  130  131  132  133  134  135  136  137  138  139  140