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Innocent Spouse Claims
When it comes to tax related issues, having joint tax returns can cause problems especially if taxes aren’t paid or should you state an “overage” or “underage” of earnings then this too will have dire consequences and could lead to you ending up owing more tax than is affordable.
If you are separated, widowed or divorced then what is known as the “innocent spouse rules” could apply in such a case, we can advise you on everything surrounding such rules and how making such this plea can be initiated.
Joint Liability
Once two people marry then it is the responsibility of both parties to ensure that all financial matters are taken care of especially any tax returns that need to be filed or that of taxes which become due but now following changes in the Internal Revenue Code in 1998, a service known as “innocent spouse relief” has become available with three different forms being in existence today.
Two out of the three are relief following any changes that have occurred since the joint tax return was originally filed but this will not alter the monetary value listed when it was received by the IRS.
The third form is known, as “equitable relief” which could even is applicable to the amount that was originally stated on the joint tax return. It is completely possible for a married spouse to obtain relief should all information provided at the time of filing the return be in line with the statutory requirements of the IRS.
It can be a very complicated process as to whether or not one is applicable for any three of “innocent spouse relief” forms but we can help with any element of the process to ensure that should you be entitled, you can get the aid needed.
Why not contact us today to see if we can help you with any queries or problems relating to the “innocent spouse relief” service.
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