Look at this CPA class description about divorce

[TaxGuyParticipant]

There are many issues that can arise for the CPA when clients divorce. When financial issues come to light, and in the pursuit of the “best” settlement, will you be able to recognize the red flags, offer the appropriate guidance, and keep yourself from an ethical quandary? This webinar will help you understand the complex – and surprisingly common – tax crime accusations that arise in divorce. These include tax evasion, willful failure to pay tax, conspiracy, and much more.

The CPA in these cases is subject to scrutiny and faces ethical and procedural choices that can be burdened with pitfalls. Do not let your client turn you into an uncompensated witness. Even if you have assisted clients during a divorce in the past, attend this webinar to better understand the risks as well as the actions to take to protect yourself and best serve your clients.

Apparently it’s got so bad out there that if you are a CPA preparing individual’s income tax returns there are classes for you to prepare for how to respond when one of the two accuses the other of tax crimes during a divorce. Which, if you think about it, is weird. Because if you have a CPA helping you file your taxes they are going to make sure that you both sign off on the tax return and be there to answer any questions that you have. It’s so much harder to commit tax crimes when someone is signing your return under penalties of perjury that it is true and accurate to the best of their knowledge.

I’m temped to take the class just to see if they actually talk about which spouse is more likely to be the accuser. But I don’t do personal taxes and I already know the answer. Just another sign of the times gentlemen.

Order the good wine

[narwhalParticipant]

Is this about preparation of financial documents in a divorce case, or about tax reporting after divorce? Or both?

In tax reporting, I can see where there would be several contentious issues. Probably the most obvious one would be in claiming of dependents, since only one parent can a child as a dependent. Another would be that child support payments are not tax deductible for the parent making the payments. I’ve often thought about deducting those amounts from my own taxes. If I was self-employed, it’d be an even greater temptation.

Ok. Then do it.

[TaxGuyParticipant]

narwhal wrote:

Is this about preparation of financial documents in a divorce case, or about tax reporting after divorce? Or both?
In tax reporting, I can see where there would be several contentious issues. Probably the most obvious one would be in claiming of dependents, since only one parent can a child as a dependent. Another would be that child support payments are not tax deductible for the parent making the payments. I’ve often thought about deducting those amounts from my own taxes. If I was self-employed, it’d be an even greater temptation.

From what I read, it’s deeper than what you are asking. Those are all valid tax questions. For example, my ex and I each claim one child on our tax return, that way we can both take advantage of filing as Head of Household. I had to negotiate that with her and explain how much in tax it would save us collectively.

But this class seems to be more about the bulls~~~ that couples will throw at each other during a divorce and how to stay out of the middle. “The surprising common tax crime accusations that arise in a divorce.” Basically they are saying that once the divorce starts, there’s a pretty good chance that false accusations will come up and the CPA could get caught in the middle.

Depending on the accusation, the accuser could accuse the CPA of being in on the crime with the accused. All you have to imagine is that the accuser decides to go to the DA and ask for a criminal investigation (based on lies) and it becomes a nightmare for the CPA. Worst case you end up losing your CPA license. Best case you have to spend a bunch of money with an attorney to defend yourself.

Basically, a nasty divorce has jet wash. And the CPA could find himself in that jet wash spinning out of control very easily. And when the accuser has no morals or conscience then she, I mean they, won’t care if you are collateral damage.

Order the good wine

[narwhalParticipant]

TaxGuy wrote:

For example, my ex and I each claim one child on our tax return, that way we can both take advantage of filing as Head of Household. I had to negotiate that with her and explain how much in tax it would save us collectively.

I did the same.

TaxGuy wrote:

But this class seems to be more about the bulls~~~ that couples will throw at each other during a divorce and how to stay out of the middle. “The surprising common tax crime accusations that arise in a divorce.” Basically they are saying that once the divorce starts, there’s a pretty good chance that false accusations will come up and the CPA could get caught in the middle.

I imagine this is particularly an issue where a spouse is self employed, a small business owner.

Ok. Then do it.

[TaxGuyParticipant]

narwhal wrote:

I imagine this is particularly an issue where a spouse is self employed, a small business owner.

If you are looking for someone that is actually paying less than their fair share then you would be correct. The interesting thing though is that, if you are accusing your spouse of tax fraud, then the resolution to that would be to file an amended return, pay the extra, and then have less money to split in the divorce. In reality, the only reason you would make the accusation is because you just want to f~~~ over your soon to be former spouse as much as possible. You are really just in the mode of inflicting the absolute worst amount of damage possible.

This one is near and dear to my heart because my ex told me that if she didn’t get what she wanted she was going to accuse me of tax fraud. It could have ended my career, all over about $20,000. And for the record, I didn’t commit tax fraud and she knew it. When I told her that if she ruined my career then it would only hurt our children in the future because I wouldn’t be able to give them (her) as much money, her response was “that’s why you should take the deal.” A Masters degree, a CPA license, 20 year career potentially up in smoke, all because she was being a vindictive bitch when the divorce was her idea in the first place. I wasn’t going to put my life’s work in jeopardy at the mercy of a narcissist with no mercy.

So I took the deal. And it was the best $20k I ever spent.

Order the good wine

[hdvrodParticipant 1109]

TaxGuy wrote:

So I took the deal. And it was the best $20k I ever spent.

And I bet you she spent that money within 6 mos on useless garbage like shoes, clothing and accessories. She most likely had nothing of real value to show for it in less than a year.

Anyway communication, real open communication, is not wanted or even required in a relationship. Women cannot handle fully open and honest communication, plus most perceive it as a weakness on the part of a man. All that is required is catering to her whims, and even then nothing is certain. There is no way to be sure of having a successful relationshit with a woman. MGTaoist

[TaxGuyParticipant]

hdvrod wrote:

TaxGuy wrote:

So I took the deal. And it was the best $20k I ever spent.

And I bet you she spent that money within 6 mos on useless garbage like shoes, clothing and accessories. She most likely had nothing of real value to show for it in less than a year.

A slightly different story. It was in my 401K, retirement money. She wanted more than 50% to make up for the time that she wasn’t working and therefore not paying Social Security. So I should have to pay her for money she didn’t send to a bankrupt government agency.

All she had to do was put together a trust to transfer the money into. That was 5 years ago. The money is still sitting in my 401k because she doesn’t have the $500 to put the trust document together. And that’s despite the fact that I gave her money 3 years ago. Which she most likely spent on shoes, clothing and accessories.

Order the good wine

[iMickey503Participant 12465]

Get the AA card and membership! All I’m saying! Follow Terance Popps advice!

You are all alone. If you have been falsely accused of RAPE, DV, PLEASE let all men know about the people who did this. http://register-her.net/web/guest/home

[Secret Agent MGTOWParticipant 22506]

TaxGuy wrote:

hdvrod wrote:

TaxGuy wrote:

So I took the deal. And it was the best $20k I ever spent.

And I bet you she spent that money within 6 mos on useless garbage like shoes, clothing and accessories. She most likely had nothing of real value to show for it in less than a year.

A slightly different story. It was in my 401K, retirement money. She wanted more than 50% to make up for the time that she wasn’t working and therefore not paying Social Security. So I should have to pay her for money she didn’t send to a bankrupt government agency.
All she had to do was put together a trust to transfer the money into. That was 5 years ago. The money is still sitting in my 401k because she doesn’t have the $500 to put the trust document together. And that’s despite the fact that I gave her money 3 years ago. Which she most likely spent on shoes, clothing and accessories.

Well, here’s hoping she meets Jesus real soon.

Women want everything, but want responsibility and accountability for nothing.

[SwimcatParticipant 3589]

In my work I see people in retirement, at the end of their working years. Unless they find another husbank, no one gets to retirement more broke than divorced women. `Trust me Tax Guy, when it’s time for Medicare insurance, she’ll be whining and crying over every medical bill she gets, because she’s dead f~~~ing broke, and according to her it will be all your fault. So at that point it’s all a state of mind. If she believes it’s your fault she’s broke, even if it isn’t, then you win. Enjoy her suffering.

[TaxGuyParticipant]

Swimcat wrote:

In my work I see people in retirement, at the end of their working years. Unless they find another husbank, no one gets to retirement more broke than divorced women. `Trust me Tax Guy, when it’s time for Medicare insurance, she’ll be whining and crying over every medical bill she gets, because she’s dead f~~~ing broke, and according to her it will be all your fault. So at that point it’s all a state of mind. If she believes it’s your fault she’s broke, even if it isn’t, then you win. Enjoy her suffering.

My parents are on Medicare and have supplemental insurance on top of it. It only costs a few hundred bucks a month and covers damn near everything that Medicare doesn’t cover. My dad had a heart issue a few years ago and it was over $500k for the week he was in the hospital. Their bill was less than $1,000. If she can’t cover supplemental insurance then she’s an idiot.

And to be honest I won’t enjoy her suffering. I just don’t care. Bed, made, lie. But yes, I’m sure somehow it will be my fault, even though she was the one that demanded the divorce.

Order the good wine

[SwimcatParticipant 3589]

My wife would have spent every penny we made, if me and her employer hadn’t have saved for her. I gave her clothes to Good Will. I’ve had five yard sales since she died and I still haven’t gotten rid of her junk. When I get back home ( I’m in Florida for the winter ) I’m renting a van, cleaning out that basement, and throwing what’s left in the trash.

I had bank accounts, a Roth IRA, and bought silver bars I kept secret from her to keep her from spending all our money.

[Two Time WinnerParticipant 1090]

I’m working on a S Corporation return for a client who is going through a divorce. This is to come up with the valuation of the business for the financial part of the marital dissolution.

I prepare tax returns based on the documents they provide. I’m not doing an audit but I do use some common sense checking of the numbers. Bank statements, loan documents, whatever an outside party can provide. I don’t mind aggressive tax positions if I can defend them with some section in the tax code. If if think someone is being untruthful or dishonest, I ask some hard questions. If I don’t get straight answers, I tell them to go somewhere else. I lose some income but I don’t have to worry about the IRS finding fraud in an audit.

TTW

I ain't got a wife to spend my money, I have to do that all by myself.

[Ranger OneParticipant 16836]

I believe women mainly spend money to signal their social status, not because they get real enjoyment out of what they actually bought.

When I buy something, it is because I have some need for… that it will get actual use.

I buy books to read, computer games to play, tools that I use on home improvements.

I find the waste of resources by women to be appalling.

I think the spending thing is hypergamy… they are signaling to men that may have more money than their husbank, that “I am a high quality female, look how much money I can pull”

All my life I've had doubts about who I am, where I belonged. Now I'm like the arrow that springs from the bow. No hesitation, no doubts. The path is clear. And what are you? Alive. Everything else is negotiable. Women have rights; men have responsibilities; MGTOW have freedom. Marriage is for chumps. If someone stands in the way of true justice, you simply walk up behind them and stab them in the heart-R'as al Ghul.

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