Forum Home
PC World Chat
Thread ID: 69777	2006-06-12 05:07:00	Mathematical Slide	Lurking (218)	PC World Chat

Post ID	Timestamp	Content	User
462420	2006-06-12 05:07:00	Hi, this may be off topic, but then again a computer may have the answer. The IRD say my Tax credits are $1,732.54 and we have worked them out twice as $1,850.88 a difference of $118.34. I made one error putting in Imputation Credits of $1.00, $327.62 s/be $326.62 and IRD entered the same figure, so I owe them $1. What have they input to bring up this difference. I used to be able to work out the difference 50 years ago and that was in Pounds, Shillings and Pence in our old currency. Any help would be appreciated. Lurking.	Lurking (218)
462421	2006-06-12 05:48:00	The IRD say my Tax credits are $1,732.54 and we have worked them out twice as $1,850.88 a difference of $118.34. I made one error putting in Imputation Credits of $1.00, $327.62 s/be $326.62 and IRD entered the same figure, so I owe them $1. What have they input to bring up this difference. How would we know? Get a statement off them and look it up - they will have every item listed on it so you should see where the problem lies. They once decided my husband had made 0 income (selfemployed) one financial year, this after we had sent in his return showing xxxxx.xx income. I forget why they came up with that but it wasn't until I saw their statement I realised - column one - actual income, column 2 - IRDs $0 figures which they had taken as correct., Idiots. Couldn't even get an apology...	pctek (84)
462422	2006-06-13 03:22:00	pctech, thanks for your reply . How would you know!, probably not, you sound too young to have handwritten leather bound ledgers! . Yes we have the IRD notice of assessments, but as you have suggested, we will approach IRD for full statements' of their "Other Tax Credits", they must be able to pull that information? . Everything else on their assesments' is correct . Thanks again, Lurking .	Lurking (218)
462423	2006-06-13 05:19:00	Doesn't the assessment statement show all of your income and the with-holding tax? Possibly you've credited an imputation and not added it onto your income in your own calculations . Andrew is the man for this I feel . I recall my mum insisting on checking dad's tax and superannuation a couple of years ago . She reckoned he was owed $50, but he said to forget about it . And he was right - the result was that dad got a tax bill for $50 . :( Try visiting the IRD if you have enough time on your hands . Good luck . :D	Winston001 (3612)
462424	2006-06-13 05:31:00	pctech, thanks for your reply . How would you know!, probably not, you sound too young to have handwritten leather bound ledgers! . Yes we have the IRD notice of assessments, but as you have suggested, we will approach IRD for full statements' of their "Other Tax Credits", they must be able to pull that information? . Well I'm not young and have done ledgers . I mean how would we know as all you have given us is a couple of diiferent figures, we can't see your entire ledger . Nor what IRDs are . Thats why I said get the statement from them .	pctek (84)
462425	2006-06-13 10:01:00	Thanks for the vote of confidence Winston! :thumbs: Even though I am registered tax agent, it's not something I actively pursuse.....I'd rather be doing anything else. I'm guessing but I suspect you have included the ACC earner levies in your PAYE figure. You can only claim tax credits for the PAYE excluding the ACC levy deduction. You should be able to see this on the summary of earnings from either the IRD or your employer. I think the difference is too high to be the imputation credits on dividends (although I could be wrong) so check you have included the correct figure for the PAYE. There won't be sufficient details on the notice of assessment to see where the difference arose so a friendly enquiry with the IRD should be able to get this resolved in one phone call. Try 0800 227 774 and be as friendly as possible - stipulate that it's not a dispute, just an enquiry - you may have got something wrong and you need clarification / understanding. HTH, Andrew	andrew93 (249)
462426	2006-06-19 01:21:00	Hi to all those who replied to my query and thanks for the input. The IRD Assessment form merely shows the total of Other Tax Credits: both ours and theirs from various corporations eg Banks, Public Trust, Financial Coys and Company Dividend Withholding Taxes. This morning we have received IRD Online Registrations, so we will see if that gives a listing of the IRD side of the disclosures made by those listed orgs'. above. As stated before, IRD took our Imputation Credits as "Gospel", even though a "slide" of a $1.00 was made by me!. Andrew93, have been retired for 14 years, so ACC Levies are not an issue, used to do a number of Tax Returns for individuals and paid ACC levy then. pctech, that was meant to be a "compliment". Winston001, everything else cross checks. As mentioned, if all else fails, will indeed take a week off and go into the IRD and wait and wait, as it used to be. Thanks again all. Lurking.	Lurking (218)
462427	2006-06-19 01:29:00	You may get this resolved in a phone call. Rather than wait in the queue, have you considered phoning them on 0800 227 774? Did you include any tax credits from overseas investments, e.g. franking credits on Australian shares? A	andrew93 (249)
462428	2006-06-19 04:08:00	You may get this resolved in a phone call. Rather than wait in the queue, have you considered phoning them on 0800 227 774? Did you include any tax credits from overseas investments, e.g. franking credits on Australian shares? A What makes you think you won't wait as long to get a human voice on the phone as you would wait in the queue?	JJJJJ (528)
462429	2006-06-19 04:14:00	And I was expecting to see one of these (en.wikipedia.org) with that thread title. I even had one.	KiwiTT_NZ (233)
1 2