Impact of MA contributions less than allowed credit

  Written by Marc   Posted 7 August 2015

I am over 65, my medical contributions are less than 3 times the tax credit. Does this negative value get carried forward and offset against any allowed medical deductions or is it zeroed?

Audit from SARS?

  Written by Marc   Posted 7 August 2015

Why with SARS audit me if I did not submit anything except my IRP5?

Not sure to use financed value or retail value for car expenses?

  Written by Marc   Posted 7 August 2015

Good day,

The cost of my car shows retail value of R370 000 but shows after extras minus deposit financed at R311 00

Which value do I use in my tax return?

Submitting old returns?

  Written by Marc   Posted 7 August 2015

Hi there, my wife is due a refund, after following up with SARS they said she needs to submit a return for 2009. The problem as you advised in your article (https://www. Taxtim. Com/za/blog/sars-isnt-paying-my-refund-they-want-my-old-returns) is that there is zero chance of acquiring those old documents now. Is her only option a police affadavit?
How does she submit a return on eFiling, when there is no record of it on there? (This is what SARS said she must do. . . )
Can you submit a nil return for older years, even if she obviously was employed but there is tax documentation?...

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Early Pension Withdrawal payout time period?

  Written by Marc   Posted 7 August 2015

Hi! I would like to resign and will be withdrawing my pension as a lump sum. My contribution plus the companies plus interest, currently stands at around R190 000. I'd like to know, how long will this take to pay out (I'm resigning on August 20)?

Refund and Audit What Now

  Written by Marc   Posted 7 August 2015

I submitted my tax return for 2015, I then went back and removed the actual values for repairs and maintenance for my vehicle as I do not have proof of all the records like my insurance, I only have proof of the fuel and maintenance. I then went to my 2014 return and requested a correction as I wanted the the values removed for the cost of my repair expenses. I made these changes on the 1 st of July 2015 and as per usual, I was selected for an audit. According to the call center, they have all t...

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Capital gain tax

  Written by Marc   Posted 7 August 2015

I need to sell shares owned by myself. The 149 shares were bought at R1000. They are now worth R3000 each. What is the tax implication for an individual at February 2016. I am under 65 years of age.

Query about SARS audits?

  Written by Marc   Posted 7 August 2015

I have submitted all my relevent requirements my tax on an audit how long does this take. It is on busy status at the moment.

Do I owe money to SARS?

  Written by Marc   Posted 7 August 2015

I submitted my tax return today. The "Net amount refundable" is a negative balance. Does that mean I have to make a payment?

How long can it take to be paid back your tax refund?

  Written by Marc   Posted 7 August 2015

How long does it take to be paid back your tax refund after handing in relevant documents?

Cannot login to my e-filing account to submit my returns

  Written by Marc   Posted 7 August 2015

I have filed an IRP5 before and was successful in doing so. I have unfortunately lost/do not know my eFiling login details as they were saved on my old laptop which is now broken. Unfortunately I don't remember my username or password, nor it seems, the answers to my security questions! Please help! I simply haven't been able to login to my eFiling account to submit my 2015 IRP5!

Statement of accounts meaning after submission of documents

  Written by Marc   Posted 7 August 2015

I have filed my returns and I was selected for an audit and of which sars asked that I submit supporting document which I submited and I got an email saying I must request my statement of accounts. So I wanna know if this was part of the 21 day process?

Its impossible to have no refund.

  Written by Marc   Posted 7 August 2015

Its highly impossible for me to get R63 WHEN I pay so much money on tax and specialy on my payslip every month,,

Tax directives not working on eFiling?

  Written by Marc   Posted 7 August 2015

The institution submitted a Death Claim to Sanlam Umbrella fund and now they are saying they are unable to pay because SARS is rejecting tax directives what could be the cause of that because the Tax number in the IRP5 is correct

Can I submit retail slips to claim tax

  Written by Marc   Posted 7 August 2015

When I do my tax return, can I submit groceries, petrol and clothing slips as well?

Being audited - why is it taking so long?

  Written by Marc   Posted 7 August 2015

I submitted by tax return via SARS eFiling on 7 July 2015. On 9 July 2015 I checked what progress had been made only to find a letter stating that they require documentation for review. My employer does not pay my medical aid, I pay the total contribution myself. I submitted the IRP5 again as well as my medical aid tax certificate and RA tax certificate. I have not even claimed to medical expenses I paid out of my own pocket. Every time I call them, I am told that they are still busy with the au...

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Concerning rental income and SARS?

  Written by Marc   Posted 7 August 2015

In January my wife and I we relocated. We started renting out our house since beginning of Jan 2015. In my tax return, must I count the rental income only for January and February, and subtract cost ie monthly repayment on the home loan and agent commissions?

Correction filed and completion letter

  Written by Marc   Posted 7 August 2015

I got a notice of assesment and a letter of completion saying no adjustment made. Now I see they say correction filed what does this mean?

My tax number do I have any claims from SARS?

  Written by Marc   Posted 7 August 2015

My tax number can you help me and how will I know if I can claim anything back

Tax return submission to SARS?

  Written by Marc   Posted 7 August 2015

I want to know who is qualified to claim a tax refund because I am not working.

Affidavit submitted to SARS for refund payment.

  Written by Marc   Posted 7 August 2015

When does SARS pay out after submitting an affidavit?

How much is due to me?

  Written by Marc   Posted 7 August 2015

Do I qualify for any tax return? If yes how much?

Why should I pay tax because I earn so little.

  Written by Marc   Posted 7 August 2015

I'm an intern for a year & I earn 60000 per annum, do I really have to pay tax? It's a daylight robbery because I'm not permanent.

First provisional tax payment - estimate

  Written by Marc   Posted 7 August 2015

Hi. My wife earned investment income and a salary last year. This year, she's now stayed at home with our daughter, and thus hasn't earned a salary - thus significantly less taxable income. For the first provisional tax payment, do I have to use the basic amount (i. E. Last year's taxable income) to calculate this payment? The payment will then end up being more than her annual tax is expected to be, as there is obviously no salary (and no corresponding PAYE). Or can I safely estimate a lower am...

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Medical aid claims for wife that does not work, and kids

  Written by Evan   Posted 7 August 2015

I have a separate medical aid for my wife (married in community of property, also she does not work) and 3 kids which I pay for from my account. The tax certificate that we get from Discovery is on her name.

Can I claim this on my tax return and if yes, what supporting documents should I keep ready just in case SARS asks? I also have a separate medical aid for myself (reason for 2 medical aids is because of the costs).
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