My family trusts were investigated by the Australian Taxation Office, the ATO delt with solicitors appointed by my brother and the accountant who set up the family trusts and also delt with the ATO enquiries. I made some enquiries with the ATO investigator who I provided a statement to and who also served me with an ATO notice to provide documents which I did.
The investigator has since informed me that the accountant was ordered by the ATO to provide all trust documents to KPMG. I am not an accountant and I have just gone along with my brothers and accountants requests to sign documents as requested. When ever I have queried what I signed my brother told me not to ask questions and that they were professionals and new what they were doing.
Why has KPMG now got the family trust file? Can I get a copy of the file from KPMG as I am a family trust member? Can the ATO ask the accountant to give the family trust documents to KPMG? I asked a friend of a friends CPA about this and she said that there could be major issues is this true.
The investigator has since informed me that the accountant was ordered by the ATO to provide all trust documents to KPMG. I am not an accountant and I have just gone along with my brothers and accountants requests to sign documents as requested. When ever I have queried what I signed my brother told me not to ask questions and that they were professionals and new what they were doing.
Why has KPMG now got the family trust file? Can I get a copy of the file from KPMG as I am a family trust member? Can the ATO ask the accountant to give the family trust documents to KPMG? I asked a friend of a friends CPA about this and she said that there could be major issues is this true.