What about my tax returns?

  Written by Marc   Posted 25 August 2014

I am not working I need money I heard that I can apply online for a tax return?

Will SARS suspect me of tax evasion If I don't declare a watch(R23 000) donated to a friend.

  Written by Marc   Posted 25 August 2014

What happens if SARS finds out about a casual gift(a watch) I have given to a friend. Will SARS investigate me for tax evasion if I have donated a watch valued at R23 000 to a friend and I have not declared any details relating to that donation on any tax returns. I'm aware that I would qualify for the R100 000 general exemption for donation.

IRP6 - how to indicate a financial loss on IRP6?

  Written by Marc   Posted 25 August 2014

I need to complete an IRP6 for 2015 period 01. I am making a loss and would appreciate the assistance on how I would indicate the taxable income in order to reflect the loss.

Also would the amount for taxable income be from March 2014 to the end of Aug 2014, or would it also as per turnover be for the March 2014 to Feb 2015?

What does it means if my tax return has a positive amount?

  Written by Marc   Posted 25 August 2014

What does it mean if my tax return reflects a positive amount?

What does a negative value mean on my tax return?

  Written by Marc   Posted 25 August 2014

My tax return has a negative value, what does it mean?

I pushed dispute on my ITA34 and nothing happened?

  Written by Marc   Posted 24 August 2014

What if I accidentally pushed the dispute button on my return form it has been 4 weeks and I have not received my return?

Risk of underestimation of provisional tax in August?

  Written by Marc   Posted 24 August 2014

If you underestimate your provisional tax in the August submission, but then are better able to more accurately estimate it in February, are you penalised for the under estimation in August? Furthermore, are there possibly any thresholds for underestimation in August which gives rise to a penalty, even if you accurately submit in February. Or is it is you're able to estimate accurately in February, that there are no penalties induced despite the underestimation in August?

What percentage of electricity can I claim when working from home?

  Written by Marc   Posted 24 August 2014

As a freelancer working from home I realize I can claim certain expenses such as electricity. I have seen several sources indicate that I can claim a percentage based on the size of my home office in relation to my entire home, is that the rule?

My work space is maybe 10% of my home but I can confidently say that at least 30% of my electricity expenses is due to the various electronic equipment running 24/7 in that area. How much can I claim, 10% or 30%?

Can I get a tax number without a bank account?

  Written by Marc   Posted 24 August 2014

Can I get a tax number even i don't have a bank account?

What about my income tax?

  Written by Marc   Posted 23 August 2014

HOW WILL I KNOW THAT I AM OWNING SARS OR IF SARS IS OWING ME?

Do I put out-of-pocket medical expenses under 4020 AND/OR 4040 ? I do not belong to a medical aid

  Written by Marc   Posted 23 August 2014

I do not belong to a medical aid and was wondering do I put my out-of-pocket medical expenses under source code 4020 or 4040 ? Because the 4040 code is compulsory if you say yes to " did you incur any medical expenses" and in the other questions you say that it must be put in 4020 ? So must 0 be written under 4040 ?

How can I not qualify for tax return when I am paying tax???

  Written by Marc   Posted 23 August 2014

What's wrong why can't I get my tax return?I called sars and the consulntant told me that sars doesn't owe me instead I owe sars 335 is this possible?I mean I just registert this year and I have being paying tax for the past seven years please help to understand this whole situation,how can I not qualify if m paying tax???

Is code 3713 claimable?

  Written by Marc   Posted 23 August 2014

Can I claim on SARS code 3713.

Why is SARS taking so long with my refund?

  Written by Marc   Posted 22 August 2014

i sent in my tax return 1182104 they then asked me for supporting documents, I sent it within 15min after the sms was sent. How long does it normally take after this for an audit to be completed?

Verification process

  Written by Marc   Posted 22 August 2014

Hi TimAwesome forum here very informative.Well this is my saga, I submitted my return on the 1st July 14. On the 8th July 14 I got a letter saying that I've been selected for verification.I submitted supporting docs the same day.On the 4th August 14 I got a call from an auditor requesting further docs. I submitted the docs the same day. Today I got a letter of completion so I called Sars to confirm if all is okay. Well to my suprise I was now told that my refund was selected for review and...

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What is acceptable supporting documentation for SARS?

  Written by Marc   Posted 21 August 2014

I am self employed, I work as a contractor and I was recently told by my accountant to keep all my slips and I just confirmed with him that all my expenses are on my bank statements, as those are my proof of payments, I also enter the information into Pastel online, that lets me track my personal expenses, because those slips just end up fading, so I throw the slips away.

My accountant said he recently had a client of his audited and SARS didn't accept bank statements as proof, they w...

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Where is my tax return?

  Written by Marc   Posted 21 August 2014

How can SARS say I cant get returns?

Can I Just enter business trips on my SARS logbook?

  Written by Marc   Posted 21 August 2014

Can you pleas tell me if I can just enter business trips into my SARS logbook or do I have to include both private and business trips?

i have my documents,i want to claim my tax,what do I do now?

  Written by Marc   Posted 21 August 2014

I have got my IRP5 and my medical aid certificate, what do I do now?

What is the turnover limit of a small business corporation for the February 2014 year end?

  Written by Marc   Posted 21 August 2014

What is the turnover limit of a small business corporation for the February 2014 year end, is it 14 million or 20 million?

Refund waiting period once selected for an audit

  Written by Marc   Posted 21 August 2014

I filed my return on the 07th July 2014 via eFiling, immediately received my ITA34 and statement of account, I was requested to submit supporting docs immediately which I submitted on the 09th July via eFiling, I then received a call to resubmit these docs on the 21st July 2014, which I uploaded on the 24th July 2014 via eFiling. I received a notice letter for referral for an audit on 06th August 2014. I contacted the call center on the 01st August and they confirmed they received all documentat...

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DEDUCTIONS DISALLOWED on NET MEDICAL DEDUCTIONS Section?

  Written by Marc   Posted 21 August 2014

After submitting my return this year, I was requested to submit the supporting documents
My Original assessment state: -8076.00 (2 Adults and one child for 10 months and 2 Adults and 2 children for 2 months)
I received the completion letter one week after the completion letter with "no change was made on your assessment".
After 2 weeks from the date I received the completion letter, I received another request to submit supporting documents.
The additional assessment state: 8076.00 Final amount:0 With the reason...

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What about my out of pocket medical expenses?

  Written by Marc   Posted 21 August 2014

Last tax year I paid almost R5000 in medical bills that medical aid did not cover?

when I did my return online I got nothimng back

how come

Does SARS verify medical information with the medical schemes?

  Written by Marc   Posted 21 August 2014

I submitted my return on the 3rd July 2014, and still have not received my refund, I was requested to submit supporting docs which I did, I even went to the branch to submit the documents on the 11th July 2014, every time I call their call center i'm being told its still being assessed? why so long? I have medical aid, do they actually call the medical schemes to verify information with them or what?

Can my wife claim medical expenses that we pay jointly on her return alone?

  Written by Marc   Posted 20 August 2014

Both my wife and I are employed taxpayers. Her gross salary is in the order of 24000/month and mine is in the order of 34000/month as of January 1st of next year (it's slightly less at the moment). Our medical aid payment is about R1900/month. Last year, I didn't get any benefit for this on my tax return, since the total contributions were less than 7.5% of my salary. Is it legal and acceptable for me to stop claiming any medical expenses on my tax return, and having her claim it all on hers? If...

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