Topic is Sleeping.
inmisery1 (original poster member #30905) posted at 8:37 PM on Wednesday, December 13th, 2023
I received a letter from the IRS showing I hadn't reported taxable income from stock I didn't know we had from the company where he works. Does this mean he sold the stock and put it elsewhere? I'm getting ready to leave him after years of serial cheating
TwiceWounded ( member #56671) posted at 7:20 AM on Thursday, December 14th, 2023
I am not an *expert* but I know a little. Does the letter specify any dates or date ranges? In my limited experience, a letter like this from the IRS is often in regards to something that happened quite a while ago (I.e. the previous tax filing year).
This is definitely something I would bring up with a lawyer though.
Finally time to divorce, at age 40. Final D Day 10/29/23.
Married since 2007. 1st betrayal: 2010. Betrayals 2 - 5 through 2016. Last betrayal Sept/Oct 2023. Now divorce.
2 young kids.
barcher144 ( member #54935) posted at 2:04 PM on Thursday, December 14th, 2023
It could be many different things but yes... it sounds likely that he cashed out some stock and didn't tell you about it and hid the money from you (and the IRS too).
This could be a simple oversight. HOWEVER (I don't know anything about your story), people who cheat on their spouse and do something like this are pretty scary to divorce because they will try to lie and cheat the entire way through your divorce too.
So, my advice to you: see a lawyer immediately. Do not tell him that you are seeing a lawyer. Be honest with you lawyer about all of the devious behavior that you think that he is capable of doing. You have one chance to get ahead of his lying/cheating/stealing and this is it. You want to get as much documentation now, when he doesn't think that you are divorcing.
Good luck and I'm sorry.
Me: Crap, I'm 50 years old. D-Day: August 30, 2016. Two years of false reconciliation. Divorce final: Feb 1, 2021. Re-married: December 3, 2022.
Landslide1920 ( new member #83685) posted at 7:15 PM on Thursday, December 14th, 2023
I have a background in tax. Disclaimer: Nothing I've noted below should be considered tax advice and is general information and may not be relied upon. You should consult your tax professional for tax advice specific to your situation.
I would recommend you consult both an attorney and a CPA. Your attorney can assist you in understanding how the courts may view this situation, but your CPA will be in a position to help you navigate dealing with the IRS notice. Without more information about the notice, there's no way to know for sure whether the notice is valid or whether your WS intentionally omitted reporting this information. You will need to discuss this with your WS, since it affects you both.
One thing you may be able to consider, that I would recommend discussing with your CPA is whether it makes sense to file with the IRS for innocent spouse relief. This is something you would request whether or not your spouse agrees. If you google "Innocent Spouse Relief" and go to the IRS website, you'll find information and the Form 8857, which you would use to request relief.
As I already said, I highly recommend you reach out for professional assistance on this before moving forward.
Good luck, and I'm sorry you're dealing with this!!
Topic is Sleeping.
