Few buyers place “previous owner” at the top of a must-have list, yet provenance casts color on every address. A storied history suggests how a house is lived in, loved, even re-engineered. At 708 North Rexford Drive in Beverly Hills, that color comes from an elite palette. Three power players—fashion mogul Max Azria, Netflix co-CEO Ted Sarandos with former author, producer and former U.S. ambassador Nicole Avant, and Fox Television chief Jack Abernethy—have all at different times called these walls home. From the curb, the house projects discreet East Coast formality. A high hedge, twin motor courts and a black-slate…

The IRS wants you to “disclose” if you do not have at least ‘‘substantial authority’’ for your tax position. Disclosure is more than the usual listing of income or expense. It is simply an extra explanation. How much extra varies considerably, not only in legal requirements but also in practice. Sometimes, the IRS says disclosure is required. You might be claiming legal expenses for a fight with your siblings over an heirloom. Or you might be claiming that you had an ordinary loss rather than a capital one when stock became worthless. When To Disclose There are almost infinite circumstances…