Irs gonna get ya?

Question

Our ex-partner altered --retyped our general release papers
to make it appear that we sold our stock to him for alot less
money than we did. He also forged my husbands signature
and gave it to an Irs agent.
What will happen to him now he did this during an audit.

upon the advise of our lawyer we did not to cause him harm but to avoid future problems of our own.
For god's sake our lawyer deposited the money
orders into his account before cutting our checks!
Our ex-partner is a punk and I am afriad of him but
we had no choice!!

Well Boston we are not guilty of tax evasion if
we did not alter these documents and present
them. We sold our stock over three years ago.
And if we did not present the real documents then
yes we would be equally quilty.
Thanks for your educated form of rudeness.

Answer 1

I think you asked this question, or something very similar previously. But what will happen to him is absolutely nothing if the irs is not made aware that he has committed fraud. The IRS cannot magic out everything (thank god for that), sometimes they need someone (yourselves) to tell them that a fraud has occured. He will be in very serious IRS trouble if you tell them and they check it out (which they will).

Answer 2

Well, among other things, since he shows a lower purchase price for the stock he'll be hit with a much higher tax when he sells! Forgery is always stupid but this clown has carried stupid to a new level. (Though if you keep your gob shut, you'll pay LESS tax as your sale price looks lower than it actually was. How's THAT for a dilemma for you?)

Interestingly, looked at from arms length it would appear that you both were enriched by this fraud. From that persepctive you are both equally guilty of tax evasion. That's your dilemma!

Answer 3

its fraud, he deserves to go to jail,