I'm being sued (civil lawsuit) abroad (in Brazil) and the plaintiff is asking to see my U.S. tax
return. The argument they used to ask for my return is that they want a list of my assets in the US and the only way to find this information is looking at my return. They have this wrong idea that they will find a list of my assets in my return because according to Brazilian tax laws
, any taxpayer in Brazil have to list their assets in a special section of Brazilian tax returns
. However, as we all know, in U.S. returns there is no such a thing of "list of assets". Of course you can find some info regarding assets under the depreciation section, or from rental income properties section. But there is no such a thing as "list of assets" in U.S. tax returns. Therefore, I'd like to get a written statement from a CPA clarifying this information. I just want to have and give the plaintiff in Brazil the right info regarding US tax returns. Here is a sample of the kind of statement I need:
"The IRS does not require any individual to list U.S. assets, including properties, vehicles, and other assets, on U.S. tax returns. That being said, even if an individual had many assets in any state of the U.S., these assets don’t have to be listed on his/hers U.S. tax return. Therefore, a U.S. tax return is not a useful instrument to expose a list of assets own by an individual".