Mint Accounts Services
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Melbourne 3000
Foreign Resident Tax Return
Foreign Resident Income Tax Return
As foreign resident for tax purposes, it’s a requirement to declare all of the income that you simply have received worldwide on your individual income tax return. You can work out your tax residency status by using the ATO residency test.
How to Prepare
Mint Accounting Tax Accountants look for ways to minimise your tax liability and maximise your deductions and will need certain information to help you with your tax return. Below is a list of documents to bring with you. Any questions? No problem. Simply call your local MY TAX AND Accounting Professional and they will tell you exactly what you’ll need to bring in.
WHAT YOU WILL NEED
To maximise your appointment like we maximise your tax refund, you’ll get to bring a couple of documents and receipts with you.
Income Statements also known as PAYG Payment Summaries (previously Group Certificates).
- You should be provided a replica from your employer
- Payment Summaries from Centrelink for instance, Newstart, Youth Allowance, Disability Pension
- Eligible termination payments
- Interest earned from bank accounts
- Share dividend statements
- Annual tax statements from trusts managed investments, property and cash management trusts
- Income and expenses from investment properties
- Business income
- Foreign income
- A list of work-related expenses (with receipts). This includes your automobile log
- Receipts of charitable donations
- Interest and costs on investment loans
- Donations to charities (unless you get a ticket to win something reciprocally, those ones don’t count)
- School building levies and library funds
- Fee charged for previous year’s income tax return
- Income protection insurance
- Sickness and accident insurance
- Private insurance
- Any extra superannuation contributions
- Amount of HELP debt or Financial Supplement loans outstanding
- Out of pocket medical expenses for disability aids only in more than $2,265
- Accommodation and meals costs you’ve incurred from working far away from home
- Home office running expenses
- Work-related education expenses
- Rental property expenses – rates, body corporate, agent fees, interest on your loan, repair and maintenance, water rates, depreciation schedule
- Investment expenses Records of sales and purchases of shares, businesses or property
- Bring the small print of your spouse, including their date of birth and taxable income to see if you’ll be eligible for tax benefits.
- Government debts Last Year’s income tax return.
Tax Return Services
Contacts
Visit Us Daily
Melbourne 3000
Have Any Questions?
+1-800-456-478-23
Mail Us
info@mintaccountsservices.com.au