An audit is being launched into missing millions

Sep 26, 2014 18:19 GMT  ·  By

The Kris Jenner and Bruce Jenner divorce has garnered a lot of attention from the media, but it seems that it's also attracted the attention of another organization, one that's more interested in where the millions that are involved in the divorce come from rather than who gets what.

Immediately after the divorce was announced, figures began popping up, and none of them was small. It looked like the Jenner husbands were busy little bees during their marriage, accumulating impressive wealth, that is now being divided among the two of them.

The divorce documents show the couple is being audited for joint tax returns

Radar is reporting that as mediated as the divorce is at the moment, the Jenners have managed to hide one important aspect from fans, and that is the fact that they are actually being audited by the IRS over the millions being thrown around in the split.

A closer look at the divorce documents reveals that the spouses are “currently under audit for tax year 2011. If the pending audit results in a balance due, [Bruce] shall pay half (50%) of any liability due thereon, inclusive of penalties and interest, up to a maximum contribution of $250,000 (€196,850).”

The documents also reveal that Kris is going to be responsible for the rest of the balance. The couple has been filing common income tax returns since 1991, the year they got married, until 2013, when they separated officially.

Depending on the result of the audit, the IRS could decide to look further into the couple's assets

It's still not clear, but it seems that the Jenners might also be audited for the rest of the years that they filed for income tax returns together, depending on the outcome of their current audit. In the court papers, they agree to notify each other immediately of “any audit, examination suit, or other proceeding in connection with any of the joint returns.”

This shows that the Jenner finances are murkier than previously believed. The Kardashians often engaged in suspicious charities and made donations, which everyone knows can be used as tax write-offs.

It begs the question as to why the IRS would launch an audit. Of course, it could very well be just a random check, but when there are so many millions at stake, a random check seems unlikely.

Earlier this week, the couple agreed to each take what they owned prior to the marriage and divide the rest of the common assets at a later date, thus expediting divorce procedures. From what the legal documents show, the process might take longer than anyone had previously thought and has the potential to turn messy at any point.

Updated: the article now correctly names the IRS.