Tax
Mar. 17, 2017
To disclose or not to disclose on your tax return
Tax preparers and tax advisers talk a lot about "disclosure." Tax people use the term as if it is something you sometimes have to do. People rarely talk about it as a good thing.
Robert W. Wood
Managing Partner
Wood LLP
333 Sacramento St
San Francisco , California 94111-3601
Phone: (415) 834-0113
Fax: (415) 789-4540
Email: wood@WoodLLP.com
Univ of Chicago Law School
Wood is a tax lawyer at Wood LLP, and often advises lawyers and litigants about tax issues.
Tax preparers and tax advisers talk a lot about "disclosure." Tax people use the term as if it is something you sometimes have to do. People rarely talk about it as a good thing.
So, what is disclosure anyway?
Put simply, disclosure is more than the usual listing of income or expense. It is just extra explanation. Without knowing exactly why, most people do not want to "disclose" unless they must. Discretion and privacy sound better. They may not even know w...
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