Resubmit IRP 5s from previous tax season (2014),

  Written by Evan   Posted 21 July 2015

Is it possible to resubmit IRP 5s from previous tax season (2014), as there was a mistake from my employer side, when I did submission in 2014

Tax on extra income from a hobby

  Written by Evan   Posted 21 July 2015

I have a full time job where I earn a taxable income and do my tax returns as usual. I also have a photography hobby that provides a minor extra income on a very irregular basis from a few private shoots I do. I would like to know whether or not I have to declare this and pay tax on this extra income if it is only a hobby and not a full time business?

Filing historic return with missing IRP5

  Written by Evan   Posted 21 July 2015

My wife has submitted her tax return for 2015 and a refund is due to her. SARS is requesting that she file tax returns for 2007 and 2008 before the refund is processed. She changed employment during 2007. The company she worked for is unable to supply her with an IRP5 as it is over 5 years old. What does she do it this case?

Two different banking details

  Written by Evan   Posted 21 July 2015

When I submitted my IRP5 the consultant told me they have two banking details which is ABSA and Capitec, so my question is can they delay the payout due to two different bank account?

Depreciation rate on ambulance

  Written by Evan   Posted 21 July 2015

Good Morning, we want to know what the depreciation rate is for an ambulance?

Is there any refund that I will get this year?

  Written by Evan   Posted 21 July 2015

Good day Mr Tax Tim is there any refund for me?

How many days before you get your money?

  Written by Evan   Posted 21 July 2015

I have submitted my tax return on the 15 July and got the email with my statement but I haven't received money yet 5 days later...

Does medical aid reduce your tax refund?

  Written by Evan   Posted 21 July 2015

Since medical aid now reduces the monthly taxable amount on your salary, does this mean it will not increase your refund amount when you submit tax returns?

I need my deceased fathers tax number

  Written by Evan   Posted 21 July 2015

How do I go about finding out what my father's tax number is? He is deceased and the executor is my grandfather and he is too old to travel as he lives in another province. I am his only living child. Is there another. Way of finding out the tax number without having the executor present as Sanlam needs it?

I owe SARS but can only afford to pay R200 a month. Will they accept it?

  Written by Evan   Posted 21 July 2015

Good day Tim Tax. I went to SARS with my IRP5. After they checked it and calculated it they say I must pay in R1955.22, but I can only afford R200 a month. Will SARS accept it?

Should I do a revised assessment if data was omitted in my final assessment to SARS?

  Written by Evan   Posted 21 July 2015

I have omitted an earning on an investment in my original assessment. Should I do a revised assessment or just send all documents to SARS for review?

Do I still need to submit tax returns if I am no longer working?

  Written by Evan   Posted 21 July 2015

I stopped working and no longer have an income. I am registered as a provisional taxpayer. Do I still need to submit tax returns or can I de-register?

How many days does it take SARS to payout?

  Written by Evan   Posted 21 July 2015

I want to find out how many days does it take SARS to payout? Because last year it took only two days. I have been waiting since the 8th of July...

Whats taking sars so long to pay me cos the ITA34 shows they owe me?

  Written by Evan   Posted 21 July 2015

I submitted my tax return through SARS e filing on the 1st July 2015; got results on 07/08/15. On the 08/07 I got correspondence that I didn't file/submit tax return for 2011 and I was not working on that year. I submitted an affidavit on the 08/07 and until now I'm not getting the money SARS owe me back. What may be the delay?

We have a cc which has run at a loss - how do I complete the ITR12?

  Written by Evan   Posted 21 July 2015

My husband and I have a cc registered in our names. When completing our tax returns it then brings up the statement of assets and liabilities - how do I complete this?

My husband runs the business, but it has run at a loss, so he did not get any money out for the last year. Do I still need to fill in the assets and liabilities (there are no assets such as property nor debtors - it is a cash business, so there is a small bank balance). Do I include our personal assets and liabilities ...

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Must I submit the log book when submiting on SARS efiling?

  Written by Evan   Posted 21 July 2015

Morning,
I need to do SARS e-filing. What I would like to ask is does the travel log book have to be attached or only on request by SARS? The log book has been done manually in a book so I will have to transfer all that information into digital form but thought I could go ahead do e-filing without attaching it, and then if they request then I could do a digital form of the logbook and send it to them. Is this right?

Studies and Tithes Tax

  Written by Evan   Posted 21 July 2015

Is private studies to become a Pastor, whilst being in full time employ of an engineering firm, tax deductible? Is the tithes paid to my local church monthly, tax deductible, if so, what deduction code does this fall under?

How long do refunds take

  Written by Evan   Posted 21 July 2015

Hi Tim, I just wanted to find out, I filled in my tax return and according the IT34, SARS owes me a refund. How long do the refunds normally take because the bottom block doesn't say I need to submit documents and today is already the 4th working day?

Quarterly R5000 bonus, would like to know if I get taxed tremedously?

  Written by Evan   Posted 21 July 2015

I get a R5000 bonus every three months.. It started recently and is performance based.. Would I get taxed a ridiculous amount on this? They pay it with my salary.

After getting the completion from SARS how long does it take to be paid out?

  Written by Evan   Posted 21 July 2015

I would like just to find out I received a letter of completion from SARS so does that mean I will get paid or what?

Does UIF qualify as income protection insurance?

  Written by Evan   Posted 21 July 2015

Does UIF qualify as income protection insurance? If not, then what typically does qualify as income protection insurance?

Are levies on a rental property tax deductible?

  Written by Evan   Posted 21 July 2015

Do the Levies on a rental property count as an expense towards the "business" and if so, what category should that fall under eg: Administration fees?

Tax on R1,132,179.00 lump sum

  Written by Evan   Posted 21 July 2015

I am going on early retirement. I am 63 yrs old. My lumpsum is R1,132,179.00 How much tax will I pay?

Outstanding tax return is holding up my refund, I cannot get the IRP5 as employer is deceased.

  Written by Evan   Posted 20 July 2015

Hey Taxtim. I submitted my tax returns on the 10th of July this year. SARS informed me that I would get a refund of about R17000, which I desperately need. After a few days I called them to ask when I might receive this refund, they informed me that they are not going to give it to me yet as I have outstanding tax returns for 2012.

I did not have this issue last year when I filled or the previous year. I worked for a company from February 2011 until August 2011, I was never issued an IRP5 or any payslip. ...

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Out-of-pocket dependent medical payments

  Written by Evan   Posted 20 July 2015

If I am a dependant on my husbands medical aid, but pay my own out-of-pocket (not covered by medical aid) expenses, can I claim this on my tax and where do I do that?
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