Disclosing tax debts in a California property case

What belongs on FL-142 item 20

Federal, state and local income, payroll, property and other assessed or reasonably expected tax obligations by year and taxpayer.

Use a description that a second reviewer can match to a statement, title record, contract or the opposing disclosure. Record the value state—known, estimated, unknown, pending or none—instead of treating every empty cell as zero.

The source record for tax debts

• Filed returns and account transcripts
• Notices, audit correspondence and assessments
• Payment-plan and lien records
• Workpapers supporting estimated exposure

Completeness checks before service

• Confirm every tax debts item has an identifier and custodian or location.
• Tie every amount to an as-of date and retain the source.
• List disputed and unvalued items visibly rather than excluding them.
• Recompute the form totals from the underlying rows and check for duplication.

What moves forward

The ledger entry must preserve its form item, date, value, debt, asserted character and evidence status. That same identity carries into characterization, valuation, negotiation and any final transfer. Separate assessed balance, accrued interest, penalties, disputed amount and estimate. Record the date because tax balances change continuously.

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