Having now received a CLSO, I'm wondering what benefit there is to accepting it, compared to simply paying the tax owing from my revised tax return, which has been on appeal since 2013. Is paying that tax even an option now?
What benefit am I receiving by accepting the CLSO, which also requires signing a statement? Does signing this open me up to further investigation of other, closed, tax years?
The only mention in the original Q&A was around "possible future litigation", or that they may "include years where there is no current enquiry or assessment". Is there precedent for either of these situations?
Given that my CLSO only covers a single year of the two years I was active, I'm not confident that it covers any future investigation of those years.
Sorry, that's a lot of questions, but I hadn't seen any discussion of this particular option.
What benefit am I receiving by accepting the CLSO, which also requires signing a statement? Does signing this open me up to further investigation of other, closed, tax years?
The only mention in the original Q&A was around "possible future litigation", or that they may "include years where there is no current enquiry or assessment". Is there precedent for either of these situations?
Given that my CLSO only covers a single year of the two years I was active, I'm not confident that it covers any future investigation of those years.
Sorry, that's a lot of questions, but I hadn't seen any discussion of this particular option.
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