Do I have to submit income tax forms if I have been retrenched in November 2012?

  Written by Marc   Posted 2 July 2013

I have been retrenched in November 2012 and sill have not found a job. All my debit orders until now have been paid with the money I received from my retrenchment package. These include Retirement Annuity Funds. I currently receive UIF payment into my bank account. I have paid tax when I was employed all these years. Do I still have to submit income tax forms and if I should, is the chance there that I will owe money to SARS? I have not received an IRP5 form when I left the company.

Re Medical Scheme Fees Tax Credit Code 4116 on IRP5, ITR12 & ITA34

  Written by Marc   Posted 2 July 2013

I noticed my IRP5 had a new Code 4116 Medical Scheme Fees Tax Credit which I did put in my ITR12 amounting to R5520 as we are 2 Members of my medical aid. I then noticed in my ITA34 on the Assessment page under MEDICAL DEDUCTIONS under Code 4020 I am claiming R39597 for Medical Expenses not recovered from Medical BUT then under that in Description it shows;
Medical Tax Credits X4 -R22080.00
Q - My question is why its it showing X4 ?? as that amount would mean R5520 per 2 members per...

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I want to get my IRP5 on line?

  Written by Marc   Posted 2 July 2013

I wanna know my IRP5 on for 2013 but I can't please help me.

Number of periods worked on the IRP5?

  Written by Marc   Posted 2 July 2013

I am a contract worker and on my IRP5 it states that my number of periods worked is 365 ,which is not the case. In April 2012 my contract was finished and I was without work for a month. In May 2012 I was appointed by the same company again. Since then I have been laying off a day here and sometimes a couple of days at a time. I do not get paid for the days I do not work(as per my contract). How does all this affect my number of periods worked and what am I to do?

Why can't I upload .pdf supporting documents on e-filing?

  Written by Marc   Posted 2 July 2013

I am uploading my supporting documents. It uploads .doc & .xls files but it refuses to upload my .pdf files which are completely within their specifications. Most of my doc's are .pdf. What do I do?

Can I claim back my pets medical bills from income tax?

  Written by Marc   Posted 2 July 2013

I have an English bulldog and he is on medical aid.

What is the source code for rental income?

  Written by Marc   Posted 2 July 2013

What is the source code to use for a loss or gain of income for a rental property when I use eFiling?

Does one pay tax on annual leave pay?

  Written by Marc   Posted 2 July 2013

If annual leave pay is tax deductible, I would appreciate it if you could explain how this tax is deducted.

I forgot my tax number and need to register for eFiling. How can I get it online?

  Written by Marc   Posted 2 July 2013

I just want to know if I can get my ref tax number online?

After submitting via eFiling how long does it takes for SARS to refund you?

  Written by Marc   Posted 2 July 2013

I submitted refund via eFiling on the 01 July 2013 so I want to know how long does it takes SARS to refund me?

Do I *have* to submit additional documentation?

  Written by Marc   Posted 2 July 2013

I am a provisional taxpayer, and have been filing my returns for a couple of years. After filing my latest return, SARS says that I owe them R10, and also requested additional documentation.

Can I just pay the R10 and leave the "additional documentation"? It seems like a ton of schlep to scan all the documents, just to save on the R10!

My IT34 assessment is a negative amount, does this mean they owe me money & how long before I get it

  Written by Marc   Posted 2 July 2013

This is only my second tax return so I have no clue if I am doing things properly. Last time I had to pay SARS (I still don't understand why) and as my ITA34 reflects a negative balance I would like to know if I am going to have to fork out again or not?

Surely I should get some medical tax relief for my medical aid contribution?

  Written by Marc   Posted 2 July 2013

I earn around R640k per year. I paid R57 986 in medical contributions for the year and an extra R3406 out of pocket expenses too. I have myself and 4 dependants. It seems that I'm not getting any tax back for my medical expenditure which is really unfair

Do I qualify to do a tax return?

  Written by Marc   Posted 2 July 2013

My monthly in come is R3 866, and I have 6 IRP5 Forms can I fill them all in 1 on ITR12 form, or must I do each one on its own?

Unemployed with Medical Aid RA?

  Written by Marc   Posted 2 July 2013

I am unemployed but pay every month my medical aid have medical expenses not covered by medical aid. Also have a RA. This was all covered by my Provident Fund money.

Should I have proof of out of pocket medical expenses?

  Written by Marc   Posted 2 July 2013

I didn't keep any invoices for my out of pocket medical expenses, can I still claim on them?

New Medical Tax Credit?

  Written by Marc   Posted 2 July 2013

When competing my Tax return form is there anything I need to complete on my tax form to get benefit from my medical aid tax credit or does SARS calculate it themselves. I earn R14 480 gross. My medical aid is R1740. My employee pays R1014 and I pay R726 per month towards my medical aid.

Do life insurance payments fall under income protection for tax deduction purposes?

  Written by Marc   Posted 2 July 2013

I would just like to find out if life insurance payments qualify for the income protection tax benefit for tax return purposes? If not, please confirm if disability cover qualifies?

Thanks

I was on the employer medical aid for 9 months which amounted to R21 384 for the rest of the tax yea

  Written by Marc   Posted 1 July 2013

I was on the employer medical aid for 9 months which amounted to R21 384 for the rest of the tax year I was on my own medical aid and the total became R6780. What do I put on 4040 either amounts or do I only put R6 780. Also will my son's speech therapy be considered a total of R1 725 on 4022? When I calculate the result it shows nothing on 4008. Is this right?

ITR12 for foreign personal service providers possible?

  Written by Marc   Posted 1 July 2013

Hi Tim, I am running a sole proprietorship that is registered in Europe and provides consulting services to South African companies. My client classified my company as a personal service provider and started to withhold 28% tax. I registered as a tax payer (IT77) and created a SARS efiling account for organisations. The efiling account only offers me the option to submit an ITR12 return. The tax calculator assigns the normal personal income tax and not the flat 28% for personal service providers...

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Why is the source code 4008 on my ITR12 income tax return = 0?

  Written by Marc   Posted 1 July 2013

4005 = 19404.00
4474 = 19404.00
4116 = 2760.00
How come my 4008 = 0

I have a problem wth my address and they make a mistake when they filling IRP5 so I want to change i

  Written by Marc   Posted 1 July 2013

I want to change my address on my IRP5.

What does "ring-fencing" mean especially in relation to property claims?

  Written by Marc   Posted 1 July 2013

When earning rental income there is a big section on your tax form to fill out. At the end of this section you specify whether it was a profit or loss (4210 and 4211). For a loss (4211) you get the option of ring-fencing with the text "Should the loss incurred be excluded (ring-fenced) for the calculation of your tax liability?"

What does this option mean? Everything I've read about it is incredibly confusing and full of legal jargon I don't understand. Under what circumstances should...

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Which bank details do I fill into my IRP5/IT3?

  Written by Marc   Posted 1 July 2013

I changed banks last year December, so I am confused on which bank details I must fill in on my IRP5. Do I go with the new bank details, the older bank details, or both? Some help would be appreciated...

I want to find out if we can claim expense from winding up an estate & bond transfer costs from SARS

  Written by Marc   Posted 1 July 2013

My wife passed away last year and the estate has now been wound by Old mutual Trust. The fees that I paid was -R52 000-00. OMT gave me a statement which I was said to keep for tax purposes. Can any cost be recovered from SARS? Our Property was on both our names. The property was transferred to my name and the bond was paid up. Can the transfer cost be recovered from SARS?
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