The Intersection of Family Law and Tax Evasion
The world of family law can intersect with the world of finances and tax evasion. When it comes to your family, you want the best possible outcome, but if that outcome also means a run-in with the IRS, you probably want a knowledgeable tax evasion lawyer on your team.
The Oath to Excellence
While Scott L. Levine may specialize in family law, his philosophy is that tax law must be an integral part of any settlement. His firm offers divorce mediation, child custody, child support, child support modification, spousal abuse representation, family law, pre-nuptial agreements, kinship law, real estate law, bankruptcy, and traffic appeals. But any of these issues could also mean a complicated legal situation, which is when knowledge of tax and tax evasion laws will come in handy.
Child Custody and Payments
A simple child support agreement may not seem to intersect with legal tax issues. But if your ex-spouse is grossly under-reporting their income while supporting the children, then you may want to consult a tax evasion lawyer to help your case. Failure to report income (in most cases) would now be illegal and contacting a tax evasion firm could be beneficial for all involved to sort out the facts of the case.
Taxation and Divorce Settlements
Your former spouse’s tax returns could cause serious issues in a divorce settlement. For example, if you give up major assets in the settlement (such as vacation homes, expensive art, and other assets listed in the divorce agreement), the IRS may consider this as “income” and tax you for the loss. You do need legal representation for a divorce that involves a substantial amount of money.
When to Call a Tax Evasion Lawyer
Your tax situation could even affect your child. On occasion, the Internal Revenue Service may audit a family due to the way child support payments are made. There are known cases where financial disclosures were so drastic that the IRS audited every family member based on one child’s tax information. If you are being audited, get a legal representative, and you will have a much better chance of receiving a tax break.
Common Tax Mistakes to Avoid
There are a few common tax mistakes people make with regards to family law. One mistake is the alimony deduction, hence the above note about being audited based on a child’s tax return. Another mistake is not arranging payments through court-approved alimony payments. This will help both you (as the recipient) and your former spouse (as the evader) to avoid future issues.
The Right Representation to Fight Tax Evasion
Having the right representation could save thousands of dollars in tax penalties. Get the best representation and receive a much better result with the right lawyer on your side. These are some explanations of when you might need to contact a tax evasion lawyer.
