Posts Tagged ‘Forensic Accountant’

What If My Spouse Has Unreported Income?

Thursday, March 17th, 2016

What If My Spouse Has Unreported Income? by Debra Rubin

It’s not uncommon to find that somebody who is living a $300,000-a-year lifestyle is reporting $40,000 on their income tax returns.

It is a common scenario where one party in a divorce operates their own business in which certain expenses are run through the business, and/or fails to report all income on tax returns. Business owners will sometimes pay things like their car payments and cell phone bills through their business, but some people are even more brazen and charge any number of personal expenses directly through the auspices of the company they own. This can occur in any type of business or even a professional practice.

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