divorce360.com provides help, advice and community for people
contemplating, going through or recovering from divorce and the issues around it,
including separation, divorce laws, spousal support and emotional issues.

finance  :: general
Print
Email
...People who want a divorce come in right after the first of the year...Their lawyer tells them...wait until their taxes are filed.

Is April 16 Divorce Day?


Is April 16 Divorce Day?


Taxes: Tax Deadline Offers Spouses Way to Catch Partner Hiding Money


By DON MOORE

    April 16 is National Divorce Day, according to Beverly Pekala, a Chicago divorce attorney who specializes in family law. She maintains that more people file for divorce the day after the federal tax deadline than any other day of the year. Money, she said, is at the heart of the problem.

That's because on April 15, the deadline for federal tax returns to be filed, many spouses learn about a partner's financial worth by latching onto his or her tax returns, she said. "What I've learned, along with everyone else in this business, is that people wait until their taxes are filed to get a divorce," Pekala said.


"Lots of times what happens, people who want a divorce come in right after the first of the year and ask their lawyer what they should be doing? "Their lawyer tells them they need financial information and suggest they wait until their taxes are filed. Once their taxes are filed that gives us a starting place. It may not be 100 percent accurate, but it still a good place to start," she said.
 
The tax information gives women, in particular, helpful information.  "Even in this day an age I had a women the other day that came in to see me about getting a divorce who told me, 'I have no clue what my husband makes,'" Pekala said. "That's not so strange because there are still women who take care of the house and kids and their husbands take care of the bills."
 
The problem today is that, with direct deposit, online checking and payments and other paperless methods of hiding money, there is no longer a paper trail for the spouse who doesn't pay attention to the financials. she said. "I had a client who came in yesterday to see me with a joint tax return. I took a look at it and told her, 'You didn't tell me you owned property in Florida?' Her reply was, 'I don't.' 'Yes you do,' I told her, 'according to your joint tax return.'

Then there was the woman who was seeking a divorce and learned for the first time her husband was a high roller in Vegas. "On tax returns today, gambling winnings are shown. Casinos are required by law to report an individual's winning to the IRS," Pekala explained. "This client's tax return showed that her husband had won substantial sums of money in Los Vegas. I said to the wife, 'You must have enjoyed going to Vegas?' 'I've never gone to Vegas. I didn't know anything about my husband having been there before,' she told me."

Ginita Wall, director of the Women's Institute for Financial Education in San Diego, Calif., said Pekala's comments ring true with her. "Oftentimes I'd find that people who were trying to hid financial information would get an extension and delay filing their tax returns until Oct. 15 to avoid having to produce the damning evidence."
 
When an I.R.S. media relations spokesman in Washington, D.C., was asked about the divorce rate increasing the day after the tax deadline, he was clueless. "It's not something we track," he said. 

He wasn't the only one flummoxed by Pekala's opinions. Elizabeth Lehane, a divorce financial planner and tax consultant from Oakdale, N.Y., said, "I've been in the financial planning and tax business for 28 years, and April 16, the day after taxes are due, means nothing to me as far as an influx in divorces are concerned."

{Asked whether she felt, after 25 years as a divorce lawyer she had seen it all when it came to marital relations, Pekala said, "I woke up today and looked on Youtube and discovered someone had made a movie about their divorce. I knew then I hadn't seen it all."


TO READ MORE

Click here to read
more stories about tax information.

Click here to read a story about spouses hiding assets in divorce

Click here to read a story about
how to track your ex-spouse's cash.

Click here to read tips from a financial planner about the top 15 financial mistakes in a divorce.




Don Moore is a veteran newspaper editor and reporter who spent more than 40 years working at newspapers around Florida. He recently retired from the Port Charlotte, Fla., Sun-Herald. He can be reached at donmoore39@gmail.com






divorce New this week::

4 Steps To Having The Best Life Ever - Does An 8 Year Old Zen Master Hold The Key?

 

Everything You Need To Know About Paralegals - What Do They Do? Should You Hire Them?

 

Will He Leave You For Another Woman? - 5 Signs You Can Look For Today

 

divorce Community::
popular blogs
Four Sets of Grandparents...
Ouch.   I saw my new grandson today for the third time.  As I was...read more 

I thought of D360...
I had to laugh.  I was driving through a commercial area I had driven through...read more 

With the end of the week comes relief, and so much more!!
How can I begin to thank you a for your support and encouragement??It has been...read more 

get/give answers
Abandoned property laws have expired...
Last fall when the ex came over to "clean" out the barn with stuff his family...Read Answers/share yours 

Traveling with child (part 2)
What do other people have in their custody agreement concerning traveling with...Read Answers/share yours 

Money
I live in MO. I have paid over $7,000 to lawyers. I am 3yrs into this divorce...Read Answers/share yours 

expert Q&As
Faith Therapy : Does a Separation Work?
My Husband and I Are Having Trouble. Is It a Good Idea for Us to Separate?...read more 

Stress Relief: Tips to Help after Separation
Mental Health: Overwhelmed by Changes in Household Routine. What Should I do?...read more 

About Law: Do Divorce Kits Work?
Legal: What You Should Consider When You Think About Divorcing Using a Kit...read more 


expand information center
divorce360.com's ecards
ADVERTISING PARTNERS

Find divorce professionals in your area

Find lawyers
Find financial professionals
Find coaches
divorce focused content ::
divorce most popular ::
1. Are You Reading Your Spouses Text Messages?
Stop! It May Be Illegal & May Hurt Your Case

2. Eager To Check Those Texts?
Think your Spouse is Cheating? Professionals Can Check Text Messages

3. They Won't Leave? Now What?
What to Do When You Want a Divorce and Your Spouse Won't Leave

4. 8 Things No One Ever Tells You about Divorce
Number Three May Surprise You

5. Cheating Spouse? Get More Money
Infidelity: Seven Tips to Help You Get Money when your Divorce is Caused by Affair