Is hiding assets in divorce illegal?
Table of Contents
Is hiding assets in divorce illegal?
Hiding assets during a divorce is sneaky, unethical and illegal – and it happens much more frequently than most women suspect. Many couples have complex financial portfolios. Not only can this be used to help determine alimony and child support, but it also serves as a tool to help detect hidden assets or income.
Where can I find hidden money?
To find your hidden money, go to http://www.missingmoney.com/, an official database for the NAUPA that has records from most state unclaimed property programs. You can also link to your individual state unclaimed property program.
How do you find hidden income?
– Collect any financial documents that you are able to get your hands on. These documents include old & new income tax returns, credit reports, accountant work papers, loan applications, bank statements, investment statements, credit card receipts and statements, ATM statements, pay stubs, and financial statements.
What is considered an asset for tax purposes?
An asset may be differentiated from income by this distinction: income is money that is being received, whereas an asset is something–typically money or property–that a person is already in possession of. The Internal Revenue Service (IRS) considers most types of income taxable.
What is a asset list?
Definition of Assets List. The list of assets details different types of assets owned by the entity, for example, operating assets, non-operating assets, current assets, non-current assets, tangible, and intangible assets.
