What is the purpose of filing of a protective disclosure?
TaxConnections Members... Answer This Question
Want To be One of Our Tax Experts? Register Here
Tax Professional Answers
William Keats
A protective disclosure is an application filed by the taxpayer while a court (usually a State court) is determining whether the taxpayer, or group of taxpayers, must pay a certain tax which is under review. If the court sides that the tax was collected by the state illegally, refunds should then by issued to the T/P. The disclosure protects them from having to make future payments for the time being.
Leave a Comment
557 weeks ago