Home office Expenses disallowed

  Written by Marc   Posted 17 November 2015

I'm a normal salary employee (not a commission earner) that work from home in a dedicated office 4 days a week, and I travel to the office one day a week. I tried to claim for a home office, and on my tax return I got the message "Home office Expenses disallowed". No reason given. I've tried querying, but they give me a case number, but never resolve the query. My employee contract is very old, and doesn't have the arrangement in. Can I give a letter from my employer as proof? What other documen...

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Medical Aid and Annuity deductions

  Written by Marc   Posted 17 November 2015

Good afternoon. I have medical aid and a retirement annuity, which is registered under my name and details, but the payments are made in full directly by my employer. It does not reflect on my monthly salary slip but is part of my formal yearly package. Can I claim tax on my medical aid and annuity?

Where do I get my tax directive?

  Written by Marc   Posted 16 November 2015

I got an IT34 notice. My tax status shows I need manual interference from SARS as they need a tax directive for the lump sum paid to me from a retirement fund. I received one IRP5 from my employer which includes my year's salary income as well as the retirement money. What happens now? Who is responsible for getting the tax directive? Shouldn't the retirement fund paid me directly and issued their own IRP5 to me?

Timeframe on Verification and Auditing?

  Written by Marc   Posted 16 November 2015

Hi there, I submitted my tax 2015 to my registered tax practitioners. I was told that SARS wanted verification on all supporting documents. I was further told that it would take up 3 months for SARS to verify the info. How is it possible that usually verification takes a 'quick look' and auditing takes 3 months? It sounds that I wax misinformed that verification should not take more than three months. If it were more than 3 months, then does it look like verification stage or auditing?

If verification was supposed to be a quick check, and there is a hold up on it - what is the likely cause to the delay of the refund?...

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What will happen with the remaining

  Written by Marc   Posted 16 November 2015

I have submitted 4 IRP5's and each an every IRP5 has a tax refund but so far I have only received half of the amount what will happen with the remaining?

Is it better to buy or lease a vehicle for a commission earner?

  Written by Evan   Posted 16 November 2015

I am a real estate agent and require a vehicle to travel to appointments, etc. Would it be better to buy a vehicle (new or used) or lease a vehicle? My understanding is there are greater tax benefits in leasing (claim 100%) while buying a vehicle there is only a portion of the vehicle and interest you can claim. Is this correct? Which would you recommend?

Following the receipt of an ITA34 indicating the refundable amount, are there further steps needed?

  Written by Marc   Posted 15 November 2015

Following the submission of my tax return I received an ITA34 (on the 25th October) stating that a certain amount was refundable to me. I've yet to receive this amount. Is this the usual waiting period? Is there something else I need to do?

1st assessment vs 2nd assessment SARS

  Written by Evan   Posted 15 November 2015

Dear Tim, could you please advise how can SARS owe me on my first assessment and ask for additional document and now on the additional assessment they have indicated that I owe them the same amount they owned me in the first assessment? How can I go about disputing this? Many thanks

Foreign service income exemption

  Written by Evan   Posted 13 November 2015

I was hoping to pick your big tax brain before I submit my tax return and cause chaos at SARS.... I qualify for S10(1)(o) in terms of foreign services rendered as I meet the requirements in this regard. My dilemma is I don't know which part of my income I can use to claim the applicable portion of this exemption i.e. Income (3601); Annual payment (3605) etc. To further complicate the situation I had share options exercised in the same tax year!

Would you mind confirming which source codes I can use in the claim?...

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Auto completion letter

  Written by Evan   Posted 13 November 2015

Hi Tax Tim. I received a email yesterday from SARS. The letter stated... Auto completion letter. Does this mean I can expect the money SARS owes me anytime soon?
Thanks

Daddys Deals voucher

  Written by Evan   Posted 13 November 2015

I bought a Daddys Deal of 50% discount. Where do I enter the code?

Incorrect medical expenses, can I correct my tax return that is already submitted?

  Written by Evan   Posted 13 November 2015

I calculated the incorrect amount for my medical expenses, but I see my tax return is already submitted. Can I still change the amount? And how do I upload my documentation?

Where do I declare full cash payment from pension fund?

  Written by Evan   Posted 13 November 2015

I transferred from one company to another that outsourced their information systems department with a section 197 transfer a year ago. I decided to withdraw the full cash from my pension fund, as the money in my pension fund could not be transferred to a provident fund without being taxed (not sure it this is correct). Could you please advise where to declare the full cash payout / income that I have received?

Is there any entitlement from GEPF after my pension money was paid?

  Written by Evan   Posted 13 November 2015

I have worked for the public service for 15 years and resigned end 2014. I received my pension pay out around February 2015. Is the anything that I still need to claim back from GEPF? by means of tax returns???

Do you submit my tax return automatically once done to SARS?

  Written by Evan   Posted 13 November 2015

I have just completed my tax return with TaxTim's help and I've paid via EFT. Will my tax returns be automatically submitted to SARS? What is the process now?

How to calculate deductions for a director who does not draw a salary every month

  Written by Evan   Posted 12 November 2015

I am doing basic bookkeeping functions for a company. The director has never drawn a salary but intends to do so for the next 2 months at R50000 per month. How do I calculate the deductions and pay UIF etc. over to SARS?

Supporting documents for capital gains

  Written by Evan   Posted 12 November 2015

I just got notified that you submitted a revised ITR12 which records the primary residence exclusion of R2000 000. The new ITA34 I received now reflects an amount of -R14 290. 15. But now I am being audited. They are not clear on the documents that I have to submit. They ask for my IRP5, medical aid certificate, IT3B tax certificate. With regards to the capital gains part, there are no specific requests. Should I submit the final statement of accounts for the purchase and sale of my former resid...

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Requests for documents

  Written by Marc   Posted 12 November 2015

I submitted my forms and got asked to submit some documents, which I did, but I'm not sure I did it correctly, as I haven't gotten any feedback after the first requests for documents. How will I know if they need more from me? Must I call them? I'm scared that they will fine me. Regards

Due date for ITR12 as a Provisional Taxpayer?

  Written by Marc   Posted 12 November 2015

Have submitted my two Provisional Tax tax returns for this year already, and still need to submit my ITR12. When is that due? It's the first time I'm doing it myself after getting rid of my accountant. Also if I decided to get TaxTim to do it, what all would I need in terms of documentation, and how simple is the process through your guys?

Resigned how to get refund from SARS?

  Written by Marc   Posted 11 November 2015

I resigned from work,how do I know I am eligible for return from SARS

Sale of primary residence

  Written by Marc   Posted 11 November 2015

My question relates to the sale of my primary residence in 2014 that I owned with my former spouse. We sold it upon divorce and shared the proceeds 50/50 after paying off the bond and other debt. The purchase price of the house was R1 875 000,00, transfer duty R67 000, transfer fees R17 000. What is the base price that I should put down in my tax form? Is it R1 875 000,00 (the amount that excludes transfer duty and transfer fees)? The house was sold for R2 400 000, 00. With refunds from bond etc...

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Notice from SARS

  Written by Marc   Posted 10 November 2015

Good day, SARS sent me a notice for an additional assessment on my SARS eFiling; what does this mean and what should I do?

This is for my 2015 tax return that you guys sent to them. Regards,

How long does it take for SARS to refund funds ?

  Written by Marc   Posted 10 November 2015

IF the amount on the tax return show a - that means that you will receive funds, correct. My question is how long does it take, because when you call SARS call centre they said 6 working days. If it's not truth why say it.

IRP5's

  Written by Marc   Posted 10 November 2015

SARS are requesting IRP5's from me for 2006 & 2007 before they will release a refund for my current 2015 tax return. Problem is I don't have the IRP-5's anymore and neither does my employer. For what period are they supposed to keep it on their records? Please advise because I don't know what to do now.

Medical costs for operation not paid out by Medical Aid

  Written by Evan   Posted 10 November 2015

Hi I have a question regarding medical claims not paid by the medical aid. I had a c-section operation in 2014. The Doctor put in a claim of R13k and the medical aid made a payment from the scheme of R3K, leaving a balance of R10K. The amount for unpaid claims on the medical aid certificate for the 2014/2015 tax year is only approx R4K.

Should this R10K amount of the c-section be added to the medical claims not paid by the medical aid? Tax Code 4020 becomes R4K R10K = R14K. What abo...

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