Saturday, May 26, 2007

Divorce and the IRS

I've often talked about the negative and ancillary effects of a divorce. More often than not, when a high profile couple is getting divorced, information is leaked the press or makes the newspapers that shows that there may be some form of tax evasion and no sooner can you say audit, does the IRS make their appearance to determine whether a couple has any tax liabilities from previous years. It seems like that is what is happening in the most recently publicized divorce battle between golfer Greg Norman and his wife. It seems that the IRS is auditing the couple to determine whether they have any outstanding tax liabilities for the year 2003 and 2004. If the couple had settled their case, its quite possible that all the aspects of their divorce, including any possible tax liabilities, would remained quiet. I sense that this case will be in the papers for weeks and months to come, and the couple will spend much of their fortune on lawyers and taxes.

If you would like to read the latest concerning the Normans' divorce, see:,,21793366-953,00.html

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