Are taxes public record?

Are taxes public record?

In general, tax returns and tax-related information are considered confidential and are not made available to the public. The Internal Revenue Service (IRS) is required by law to keep taxpayer information confidential and to use it only for the purpose of administering the tax laws.

However, there are some circumstances in which tax-related information may be made public. For example, if you are involved in a legal proceeding and your tax returns are relevant to the case, they may be made available as part of the court record. In addition, certain financial information, such as your salary or business income, may be publicly available if it is reported on a form that is required to be filed with the government, such as a financial disclosure form.

It’s important to keep in mind that while tax returns and tax-related information are generally confidential, it’s a good idea to protect your personal and financial information to prevent identity theft and other types of fraud.

Prominent Financial Consultants offers a range of services to help our clients succeed, and we would love the opportunity to discuss how we can help you. If you would like to schedule an appointment with us, please schedule a free 15 Minute Financial Clarity Call so that we can learn more about your needs and goals.