Birth Certificate, Passport and 7 years of tax returns?
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Anonymous
| My cousin is in a bad marriage. Husband has recently started taking personal loans, "fired" her from family owned business and may be in the process of hiding assets. She recently found a message where he was requested to produce birth certificate, passport and 7 years of tax returns. Any ideas what this might be for? |
Anonymous
| Immigration? |
Anonymous
| IRS is following him? |
Anonymous
| Why immigration? He is a U.S. citizen by birth. |
Anonymous
| Why would IRS want a passport or birth certificate for 60 year old? |
Anonymous
| Hiding money overseas? |
Anonymous
| Why back tax returns for oversees acct? Maybe a previously unrecognized child? Would this be needed for paternity or child support? |
Anonymous
Then why a passport? Maybe he is investing in property overseas. |
Anonymous
| Agree that it could be a child overseas but at 60? |
Anonymous
| Would this be needed if he was planning on moving oversees? |
Anonymous
Yeah, maybe he is applying for a visa. |
Anonymous
| could be opening offshore accounts and the banks want to make sure the money isn't being laundered, especially if it's a large sum |
Anonymous
|
Yeah, this sounds like "Know Your Customer" due diligence by an overseas bank, usually in a financial center like the Caymans.
They'll let him hide money from you, but not the IRS. |
Anonymous
| Any other ideas, folks? He is up to something and has indicated that he believes the assets should be his in a divorce since he made significantly more money over the last 35 years. He has a young thing on the side, but not enough assets to warrant an off-shore acct. He recently took out a home equity loan in his name only essentially stripping the home of all assets. My cousin is concerned he will divorce and she will be left destitute in her old age because he played financial games. She won't get a lawyer at thus point o protect herself for fear of escalating a confrontation. |
Anonymous
| Sounds like he is trying to screw her. She needs to file and have their assets frozen before he can hide any more money. |