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Local Assets and Liabilities for a previous (late) period

Posted 7 September 2015 under Tax Questions



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Taxnoob says:
7 September 2015 at 13:38

When I complete a tax return for a previous period (as a sole proprietor), for the Local Assets and Liabilities must I state the CURRENT state of affairs or what the assets and liabilities were during that previous period?

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TaxTimTaxTim says:
7 September 2015 at 16:20

You would need to state them as they were for that period of filing.


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