Tax return is a form which a person has to submit to federal or state agency to pay taxes, calculate and report income. It is necessary to file prior year tax return due to some purposes. First purpose to file prior year tax return is to keep a proof that you are a regular tax payer. If you receive a notice from FBR to file prior tax return that you are considered as a tax payer then you have to apply for it. If you want to be in ATL (Active Taxpayer List), you need prior year tax return. To get a transcript for return people can order online, by phone or by mail. You can get three years prior tax return. A tax return covers a year from 1^st of July to 30^th of June.

If your taxable income is more than a certain amount then you have to lodge tax return. If you failed to pay tax then you may have to pay penalty which is at the rate of 28 days per units of penalty. You can lodge your paid tax, it means that you can get your paid tax back after a year. Now, you can lodge tax return online also. Only thing you have to do is to register yourself to a registered tax agent or complete some paper work. In this, you have to mention the money you earn (income) or any property you own. If you have paid more tax than taxable income then you will get back the additional amount. But if you have not paid the right tax then you will pay some penalty or a tax bill. You can also file overdue tax return. It means if you missed to lodge tax return online then you can still pay it as soon as possible.  You have to file tax return every year otherwise you might be punished (jailed or fined).

You can also file your overdue tax return online. You also have to file business tax return if you own any business either small or large (retailer, trader, shopkeeper, stick holder). Government declares the amount of tax apply on business men depending on their total income (profit or gain from business). If your total income is more than taxable income (declared by government), or own any immoveable property from which you are (or not) getting rent paid then you have to pay certain amount of your income as tax penalty. In case of personal tax return type of income, filing status and age also considered that whether you are old enough or have eligible income to pay tax or not. You can also attempt for personal lodge tax return online in order to take back your paid tax. You can only get lodged your personal tax return only if you are a regular tax payer or if you are running a business regardless of profit or loss. Please visit ezytaxonline.com.au for more information.