ATTEMPTING TO HIDE MONEY OR ASSETS
If you try hiding money or assets to keep them out of the ‘marital estate,’ you’re risking serious penalties and possible jail time, according to attorney Mitchell. IRS Enrolled Agent, Abby Eisenkraft, who is also the author of 101 Ways to Stay Off the IRS Radar and CEO of Choice Tax Solutions, Inc. ‘The IRS calls this a fraudulent conveyance,’ she notes. ‘It’s easy to catch, and it’s not tolerated.’