Revenge is a Dish Best Served with Hard Cold Cash

Revenge is a Dish Best Served with Hard Cold Cash

A recent Tax Court Summary Opinion tells a tale of greed, betrayal, and revenge.

Mr and Mrs Kososki were in the process of terminating their marriage.  Shortly before separating they filed a joint return claiming a refund ($7,768).  The wife expected to get a portion of the tax refund, but the husband kept it all.  The refund was directly deposited into the husband’s bank account.

The wife filed another return for the same year (2010), filing not as married-joint but as married-separate.  The IRS audited the husband and changed his filing status to married filing separately.  The result was a refund to the wife with the husband owing taxes and penalties in excess of $5,000.

 

– Mark Gleason
www.lakes-cpa.com

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Mark Gleason

7200 France Avenue South
Suite 328
Edina, MN 55435

Tel: 612-861-4542
Fax: 612-524-5491

mark@lakes-cpa.com

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