Hiding Income at The Internal Revenue Service

In our divorce practice we often are retained to search for hidden assets. Sometimes there hidden offshore in secret bank accounts, or sophisticated schemes that involve multiple companies. One of the most interesting places I find people like to hide income is at the Internal Revenue Service. For example, someone working at large company and is getting divorced may increase their federal and state deductions for taxes dramatically.  The reason for this is that once a divorce is over they can get a large refund on their tax return . I do often find that when we analysis the tax returns the spouse is not aware of the refund that may be in the tens of thousands of dollars. Also, by having a lower net check they can argue for decreased alimony and child support payments. One of the things you may check when getting divorced is to see if your spouse’s hiding money at the Internal Revenue Service