08/06/2021
There are many reasons why a person or company would want to conceal money. During a divorce, one spouse may conceal income or banks accounts in an attempt to shield it from the other spouse. A person or company’s taxable income can be substantially reduced by engaging in a form of tax evasion or tax fraud. Those with creditors on their back will frequently stash money away from prying eyes.
Common ways of hiding money include: transferring money to offshore bank accounts or trusts, creating corporate shells such as LLC's, deferring income and tax refunds to a later date, gifting to a family member or friend, paying off a “debt” that never existed, Undisclosed bank accounts, Undisclosed dividends and rental income
or expense accounts and allowances at work.
As part of JRS Investigation’s asset search investigation, we can uncover hidden money is cases such as divorce, insurance fraud and tax evasion. By examining financial records and tax returns, scouring databases, conducting lifestyle audits, interviewing and more we are able to paint a clear picture of the person or company’s financial situation.
We frequently deal with divorce cases where one spouse has been kept in the dark during the marriage and cannot put a finger on exactly where the money is. If you suspect a spouse has been hiding money or maintaining secret accounts, contact JRS Investigations today to discuss your options. Contact JRS Investigations now for your free consultation (888) 737–7690.