Hi,
I have a tax debt due to not lodging my tax return for years and ended up with $200, 000 tax debt for 10 years. 140, 000 tax and the rest of the interests and penalties. I proposed to the tax office to pay $ 30, 000 upfront and $3000 per month.
My income before tax $130, 000/year. I have to kids and a wife who is not working. The ATO refused my proposal and refused to remit penalties and interests.
Any help?
I have a tax debt due to not lodging my tax return for years and ended up with $200, 000 tax debt for 10 years. 140, 000 tax and the rest of the interests and penalties. I proposed to the tax office to pay $ 30, 000 upfront and $3000 per month.
My income before tax $130, 000/year. I have to kids and a wife who is not working. The ATO refused my proposal and refused to remit penalties and interests.
Any help?