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5 Professional Circle Colts Neck, NJ. 07722   (732) 845-9010

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Unreported Income in Divorce in New Jersey

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We divorce lawyers routinely encounter people who tell us that either they or their spouse is involved in some type of a business activity where they don’t fully report their income taxes.

People must pay taxes in our society, and so I routinely tell people in this situation about Mr. and Mrs. Sheridan, which is a case that was decided by a New Jersey family court judge in 1990.

In that case, the parties were in that minority of cases that did not settle (I have heard it said by many divorce judges and lawyers that 99 out of 100 cases in divorce court settle, although I have no way to know if that number is statistically accurate. It certainly is close).

A trial began.

During the trial, it became clear that the parties were fighting over assets that they purchased using money that they did not earn legally and that they paid no federal or state income taxes on.

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In his decision, the judge stated that when a judge hears about unreported income during a divorce trial, the judge has no discretion but he must contact the county prosecutor as well as the federal Internal Revenue Service.

The moral of the story is simple: people should pay their income taxes.

What follows, though, is the corollary that if you are involved in a divorce case and either you or your spouse did not pay a significant amount of taxes, that's problematic if the case goes to trial.

NJ divorce cases in which there are allegations of unreported income have become known as cases that have a "Sheridan Problem."

For reasons that are apparent, most of these cases ultimately settle without the need for a trial before a family court judge.

THERE'S A LOT MORE FREE HELP WHERE THIS ARTICLE CAME FROM

If you are considering separating or filing for divorce, the most important thing for you to do before doing anything else is to learn how to protect yourself, your children, and your assets.

I'll show you how you can do it.

I've specialized in NJ divorce law for 37 years.

I "get it" and I'm here to help.Fixed Steven Portrait

STEVE KAPLAN'S DIVORCE COURSE will teach you how to turn your situation around to your advantage.

Every divorce case is different.

My emails will teach you, in an easy to understand way, everything that you need to know to help you make the right decisions based upon the particular facts of your situation.

I get emails from strangers all the time thanking me for making this information available to them online at no cost, and I'm pretty certain that you, too, will get a lot of value from my emails.

And if you want to stop the emails, I made it really easy for you to do that... one click on any email stops the course.

But few people do that...because the material is really helpful to anyone who is even just beginning to think about getting a divorce here in N.J.

SO HERE'S THE LINK.

Are you ready to start turning things around?

The next move is up to you...!

Click the link above and begin learning how to get the "edge" in YOUR N.J. divorce case.

Until next time,

Steve
Steven J. Kaplan, Esq.

Specializing In Divorce
Throughout New Jersey

5 Professional Circle
Colts Neck, NJ. 07722

Learn More About Steve Kaplan's Divorce Course

Topics: Divorce Court, Taxes