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If you live in a Community Property State, you really do need to see an attorney.
@SweetieJean wrote:
If you live in a Community Property State, you really do need to see an attorney.
It seems as if the divorce attorney should have been looking for the issue(s) described during the course of the divorce proceedings.
Hiding money from the taxing authorities, as well as others is quite easy and there's numerous ways to do it. Very few of them legal.
It's quite obvious that you're just not knowledgeable on this business and taxes stuff. That's okay, as it's not like you learn this stuff through osmosis. You really should seek professional help with this, as this public user-to-user forum is not the place to be addressing this and "trying to understand and figure it out". Incorrect assumptions can (and will) cost you dearly. If your divorce attorney is not knowledgeable in this area, then they should be able to refer you to a tax attorney or CPA who is. They should be able to educate you on what's going on, well enough that you can develop a basic understanding without needing a masters degree from Harvard Business School.
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