HandiTax Error Report Analysis: Individual Tax Return 2018 - SCU

The assignment presents a detailed error report generated from HandiTax software for an individual's 2018 income tax return. The report identifies various errors and warnings, including issues related to gross rent and rental deductions, declarer contact information, Medicare levy surcharge, adjusted taxable income, Australian superannuation income stream offset, industry code, reportable fringe benefits, and inconsistencies in depreciation and capital gains worksheets. Specific error codes such as GEN.430082, IITR.000502, and IITR.023015 are highlighted, indicating the nature and location of the errors within the tax return. The report also flags warnings related to incomplete bank account details and missing taxpayer phone contact information. Addressing these errors and warnings is crucial for ensuring the accuracy and compliance of the individual's tax return. Desklib is a valuable resource for students seeking assistance with similar assignments, offering a range of solved examples and study tools.

Detailed Error Report
Client : WARN0001 MR WARNAKULASOORIY JANSEZE
Form Type : I Form By: USER on 15/09/2018 (2018 v1.00)
FORM_I No 1
Error GEN.430082 Gross rent and Rental deduction amounts must be present
(Income.RealEstateProperty.Rental.Amount[@contextRef='RP']) If a Rental property schedule is present, Gross rent or rental deductions
must be present
Error GEN.438070 Declarer contact name must be provided
(PersonUnstructuredName.FullName.Text[@contextRef='INT.TrueAndCorrect']) If an Intermediary is present, Intermediary Declarer contact
name must be provided.
Error GEN.438076 Contact telephone details must be provided
(ElectronicContact.Telephone.Minimal.Number[@contextRef='INT.TrueAndCorrect']) If an Intermediary is present, Intermediary Declarer
Telephone number must be provided.
Error GEN.438078 Declaration Signature Date is required
(Declaration.Signature.Date[@contextRef='INT.TrueAndCorrect']) If an Intermediary is present, Intermediary Declarer Signature Date must
be present.
Error IITR.000502 Enter number of days NOT liable for Medicare levy surcharge When it has been indicated
that the taxpayer and their dependants have not been covered by private patient hospital cover for the entire income year, the number of
days not liable for surcharge must be provided
Error IITR.000515 You and all your dependants covered by private patient hospital cover...' must be provided
I_COVER No 1
Warning IITR.000636 Bank Account Details have not been completed. Any refund due may be delayed.
Warning IITR.001054 Check taxpayer phone contact details Neither the taxpayer's daytime phone number or
mobile phone number have been provided
FORM_I No 1
Error IITR.023015 Adjusted taxable income is incorrect Adjusted taxable income must equal the sum of Taxable
income or loss (when amount above $0), Reportable employer superannuation contributions, Tax-free government pensions, Target foreign
income, Net financial investment loss, Net rental property loss, and all Deduction claimed amounts, plus Total reportable fringe benefits
amount from employers not exempt under section 57A and 53.0% of Total reportable fringe benefits amount from employers exempt under
section 57A (when combined Total reportable fringe benefits amount above $3,772), less Child support you paid. If you are completing a tax
return for a deceased person, this value must be divided by the number of days the taxpayer was alive during the financial year and multiplied
by the total number of days in the financial year.
Error IITR.201026 Australian superannuation income stream offset amount is invalid Australian superannuation
income stream offset amount must either be not provided or zero, when the Australian annuities and superannuation income streams income
amounts are either not present or zero. Australian annuities and superannuation income streams income amount fields include the following,
Australian annuities and superannuation income streams Taxable component "Taxed element", Australian annuities and superannuation
income streams Taxable component "Untaxed element", Australian annuities and superannuation income streams Lump sum in arrears
"Taxed element", Australian annuities and superannuation income streams Lump sum in arrears "Untaxed element".
Error IITR.300030 ATO Australian and New Zealand Standard Industrial Classification code required There are
amounts reporting for either primary production or non-primary production income in the Business income and expenses section, or Net
Personal Services Income is present however there is no Industry code

Detailed Error Report
Client : WARN0001 MR WARNAKULASOORIY JANSEZE
Form Type : I Form By: USER on 15/09/2018 (2018 v1.00)
Error IITR.400078 Amounts not present must be provided or set to zero When no amount is present for Total
reportable fringe benefits amount from employers exempt under section 57A, Total reportable fringe benefits amount from employers not
exempt under section 57A, Reportable employer superannuation contributions, Tax-free government pensions, Target foreign income, Net
financial investment loss, or Net rental property loss and Child support you paid, an amount must be provided for each or set to zero (0)
Error Error in Other vehicles & travel : Check total claimed travel expenses and individual
expenses
Error Error in Rental Schedule : Owner code blank or does not match this client's reference -
please correct.
Error Error in Capital gains worksheet : Indexation or Discount must be completed for CGT
Worksheet - sheet No: 1
Warning 1 Warning in Super Lump Sum Schedule : Super lump sum amts present without prior years
amounts received in Super Lump Sum schedule - please check and correct
Warning 2 Error in posting data : Depreciation worksheet :
Warning 3 Error in posting data : Depreciation worksheet :
Warning 4 Error in posting data : Other vehicles & travel : Investment related deductions