wird 7. One month after the completion of Sybil's tax return, she calls up for some...
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wird 7. One month after the completion of Sybil's tax return, she calls up for some advice. One of her employees has taken her to court for unfair dismissal of employment. Sybil has paid legal fees of $2,000 and a settlement to the employee for $5,000. She wants to know if these expenses are deductible. Research and determine the basis on which these tax deductions can be claimed. To clarify this, draft an email to the ATO detailing the deductions sought and the basis for the claim. Include reference to sections of the Income Tax Assessment Act that may apply. wird 7. One month after the completion of Sybil's tax return, she calls up for some advice. One of her employees has taken her to court for unfair dismissal of employment. Sybil has paid legal fees of $2,000 and a settlement to the employee for $5,000. She wants to know if these expenses are deductible. Research and determine the basis on which these tax deductions can be claimed. To clarify this, draft an email to the ATO detailing the deductions sought and the basis for the claim. Include reference to sections of the Income Tax Assessment Act that may apply.
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Answer rating: 100% (QA)
Subject Clarification on Deductibility of Legal Fees and Settlement Expenses Dear ATO Representative ... View the full answer
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