Prior Year Losses Carried Forward on Individual ITR
Hi, Has anyone had a problem where a figure is showing up in prior year losses carried forward on an individual ITR (item L1), that wasn't in the prior year? We have had a few similar occurrences of this in the last few weeks and are trying to work out if it is a software issue or human error. 2022 there were losses, these losses were used in 2023 and now in 2024 losses are appearing, but it isn't the figure that was in the 2022 ITR? Any suggestions would be appreciated.Guide: Fixing Validation and Authentication Errors (Online + Desktop)
Hey everyone! Here to share some resources that will help you get around if you experience a validation error in MYOB Practice tax online or MYOB AE/AO desktop. Using MYOB Practice Online Tax A validation error begins with the error code: CMN.ATO Check out this page for a list of validation errors that have been reported to us. We’ve organised it by the type of return you are trying to validate so you’ll be able to easily find your error code and what to do next. An authentication error begins with the error code: CMN.ATO.AUTH A list of authentication error codes and the relevant fixes can be found on this page. Using MYOB AE/AO Desktop Click on the error code you are experiencing for next steps. An authentication error, begins with the error code: CMN.ATO.AUTH A general PLS error, will begin with the error code: CMN.ATO.GEN Activity statement errors will begin with the error code: CMN.ATO.AS Individual return (income details schedule) errors begin with CMN.ATO.INCDTLS Individual return errors begin with CMN.ATO.IITR Interposed Entity Election (IEE) errors begin with CMN.ATO.IEE Self Managed Super Fund (SMSF) errors begin with CMN.ATO.SMSFAR All return types errors begin with CMN.ATO.XML03 or CMN.ATO.XML04Guide: Rescheduling Agent Reports for the new year in AE/AO
Learn more about rescheduling agent reports in AE/AO desktop, more information and step by step instructions for scheduling each report can be found on this page. Reports are either Scheduled or On-Demand. To schedule a report: Open the Agent Reports home page, select Tax > Agent Reports. You’ll have the option to schedule the following: Activity Statement Lodgement Report (ASLR) EFT reconciliation report (EFTRS) Income tax client report (ITCRPT) If you need to unschedule a report, you’ll need to: Select an agent from the Agent dropdown. Select the relevant report and click Unschedule report on the tasks bar. Click yes. Feel free to reach out if you have any more questions!
V23 Error Message: "Invalid $ value (cannot be negative) E629 refer help for item and description"
In the trust distribution section is talks of dollars and cents in whole dollar fields but there are none in the return other than the franking credits and foreign tax credits which have always allowed dollars and cents. I am unable to complete the return, but I am unable to locate the position in the return of the error. Please advise how to fix this?
Foreign Capital Gain in a company
I am trying to enter a capital gain from a property owned overseas into a 2024 company ITR. The ATO guidance says it should be entered at label 7A, 8G & 8R. When I complete label 8G it automatically fills to label 6R, therefore overstating the income. Is there a field that I am missing?
STP filing errors AR
Hi Community, An employee has reported that they had their tax return amended. When speaking to the ATO they reported that STP was reported at a higher amount early in the year when the employee lodged their 23-24 (lodged Dec 24) and that the figure was now reported was lower than the original PAYE figure. They have firmly placed the responsibility back on the employer/payroll. My question is how can this discrepancy happens when all PR was filed with ATO via AR STP and none were pending or rejected? We have checked the amount of PAYE the employee paid is correct.
