Under what circumstances could the court order someone to turn over tax records?
charlotte q asked:
I am involved in a lawsuit with someone that requires ongoing payments
I am worried that someday they will want to see my tax returns. Is a difficult expensive process to get them?
I am involved in a lawsuit with someone that requires ongoing payments
I am worried that someday they will want to see my tax returns. Is a difficult expensive process to get them?
Your attorney should advise you on this matter.
Another party in a lawsuit may want the information in your tax records and may, under the law, have a right to that information. Your attorney will know how the law would apply to your particular situation and to this case.
The IRS will provide short form tax returns up to a certain year, free of charge. If you require a full copy of your previously filed tax returns then, yes it could be very costly. The IRS charges a fee per tax return. I am not certain what the current fee is, but a few years back the fee was around $5 - $10 per tax return. With the ever growing inflation and such, I am sure the fee per tax return has risen from the prices I have quoted you.
You can visit their website at. You may not find this information on their website, you may have to call the 800 number.
Best wishes.