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Post #46060 by stepbystep on June 22nd 2012, 8:02 PM (in topic “property settlement - creative tax returns”)

property settlement - creative tax returns :

Sorry for not being clearer with this.

It's the Federal Magistrates Court .

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Post #46034 by stepbystep on June 19th 2012, 8:58 PM (in topic “property settlement - creative tax returns”)

property settlement - creative tax returns

Conciliaton conference is next month - ex has handed over copies of the last 3 years tax -  the returns show  significantly understated  taxable income ($25k versus $105k) by :

a) not including $36k rental income from an overseas property

b) claiming  80% of a $90k overseas pension as a UPP deduction ( should be about 8% )

I have written to  the opposing lawyers about  the understatement  but keep getting the silent treatment .

Any ideas on what I can do about this before or at the conciliation conference ?

If I raise the matter of an understated tax return  can the ex be ordered  to amend  tax returns ?

Any advice would be welcome.

Thanks

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Post #45407 by stepbystep on May 14th 2012, 11:43 PM (in topic “property settlement - house loan exceeds cost of house purchased”)

property settlement - house loan exceeds cost of house purchased

I am in the process of sorting out a property settlement in the FMC currently - the ex's lawyer sent through a letter the other day - general matters plus last of all advised that the ex has just purchased a new home valued at $760,000 and taken out a loan for $800,000 to cover house plus stamp duty etc which  as far as I can see until I get some advice is that it effectively reduces the asset pool by $40000 - has anyone come across this sort of manouevre before and would anyone have any advice it - will this be accepted by the court - can I fight it - any ideas how - the money is all on the other side of the fence and my advice is limited so I would appreciate anyone who can help me with this.

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Post #43470 by stepbystep on March 13th 2012, 3:51 PM (in topic “First step”)

First step:

It's set down for the Federal Magistrates Court - sorry for  the MC abbreviation I'll use the proper FMC in future.
My solicitor tells me that last minute responses are discouraged in other courts (criminal etc) - but  not  in family law courts .
Any reason for this ? - it just seems to just allow one side to deliberately frustrate the process   ?

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Post #43358 by stepbystep on March 10th 2012, 12:27 PM (in topic “First step”)

First step

Separated 2 years ago - numerous attempts to negotiate a property settlement with my former partner - no response at all - letter arrived from his solicitor last month - 6 weeks short of 2 years - my solicitor suggested  to start proceedings as it is difficult if the proceedings are not started within the 2 year period - still havent received any response from his solicitor - hearing in the MC in 2-3 weeks - my solicitor suggests that its possible I might not receive a response until the day before the court date - is that possible ? - if it is how can  I   prepare properly for the court hearing ? - am I able to ask for extra time ?

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Post #1278 by stepbystep on June 22nd 2007, 9:29 AM (in topic “Help ! How do I post”)

Help ! How do I post: How can I join the SRL group ?

 Hi Paul - great site - joined today - trying to get some info on SRLs - one post suggests joining the SRL_R group - cant  work out how to do this - could you help me please.




 

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