Since couples can file their taxes jointly, some partners purposely neglect their tax duties which explains the reasons the innocent spouse relief law was enacted. The program is a...
Posted by Jim McClaflin, EA, NTPI Fellow, CTRC on 01/17/2023
A spouse usually signs joint tax returns with the knowledge to face the due tax, penalties, and interest accompanying the tax return. According to the IRS (Internal Revenue Service),...
Posted by Jim McClaflin, EA, NTPI Fellow, CTRC on 05/31/2022
Joint filing has its benefits, and that is why most couples opt for it. But, just as there are benefits to filing jointly, it also comes with its downsides. This often takes the form...
Posted by Rosovich & Associates, Inc. on 12/18/2021
On joint tax returns, both taxpayers are generally responsible for the tax bill. But innocent spouse relief is one way to avoid paying the additional taxes you may owe to the IRS if...
Posted by Tiffany Gaskin on 01/30/2021
A joint tax filing return makes both parties responsible for the tax bill. It removes the need to foot additional tax debt with an innocent spouse relief if your partner or ex-partner...
An overview of the issues of spousal liability in the world of income tax.John and Jane divorced after five years of marriage and two children. Jane got the children, the house, and...
An overview of spousal liability concerns in the world of income tax.To be able to understand this concept better, we will create a scenario where we have imaginary characters. "For...
On July 1, 2019, the Congress and the President passed the expansion and strengthening of taxpayers’ rights and the focus on cyber security and protection from identity theft...
Do you want to file a request for innocent spouse relief, make use of Form 8857? You will need to send the form by mail alongside stating why you meet all requirements for relief....
Posted by Wright Tax and Accounting Solutions on 01/24/2019