The list goes on and on, and it’s often up to the spouse with less financial resources to prove the dishonesty. Sometimes this can be difficult if the assets have been hidden over the long period of time. However, hiding large sums of money is not that easy today in our highly technological world where most records have gone electronic.
Ways to deflate income
If a spouse is self-employed, it is not so difficult to “cook the books” and artificially deflate income. As his own boss, he can take measures to draw less income himself and make it appear as though his business is not doing well. If he works in a small company, his boss may assist him by saying that his hours have been cut.
A husband working in a salaried job may also use several methods to decrease his take-home pay such as increasing retirement fund contributions or not submitting expense reimbursement sheets. He can overpay on income tax too, knowing he will get it back, or ask for any bonuses to be withheld until after the divorce.
