Oops! Common Errors on Personal Tax Returns

These are the most common errors we find on personal tax returns previously lodged by clients using the Tax Pack or ATO e-Tax.

Incorrect, missing or understated:

  • Bank interest income
  • Share dividends and franking credits
  • Capital gains and losses
  • Personal or Business income
  • Home Office and Work Related Expenses
  • Depreciation on Rental Property fixtures and fittings
  • Borrowing costs and other expenses associated with rental properties
  • Education tax refund expenses

We recommend you use our tax return checklist to make sure that your tax return is complete before it is lodged. Click here to download our 2010 Income Tax Return Checklist (PDF).