Have you received a letter from the IRS about back taxes due that surprised you?
Were you aware of a windfall of income but your spouse didn’t tell you the correct amount?
If the answer to any of the above questions is yes, you may be able to get relief from the penalties and the taxes due by your spouse so that your credit is not ruined and you can get on with your financial life.
First, you must meet certain conditions to qualify for this relief.
Innocent Spouse Relief:-
You filed a joint return that has an understatement of tax that's solely attributable to your spouse's erroneous item. An erroneous item includes income received by your spouse but omitted from the joint return. Deductions, credits, and property basis are also erroneous items if they're incorrectly reported on the joint return- You establish that at the time you signed the joint return you didn't know, and had no reason to know, that there was an understatement of tax and- Taking into account all the facts and circumstances, it would be unfair to hold you liable for the understatement of tax
Separation of Liability Relief:
- You're divorced or legally separated from the spouse with whom you filed the joint return
- You're widowed, or
- You haven't been a member of the same household as the spouse with whom you filed the joint return at any time during the 12-month period ending on the date you request relief
- You must also not have had actual knowledge of the item that gave rise to the deficiency at the time you signed the joint return, unless you can show that you signed the return under duress.
What happens next?
The IRS will review your application for innocent spouse relief and will determine if there were situations where:
· There was an erroneous deduction claimed by your spouse
· You had no actual knowledge of the erroneous deduction or item when you signed the return
· It would be unfair to hold you liable for the tax once the facts and circumstances are known
· You have not transferred or received property from your spouse to avoid payment to a third party or to pay taxes.
We understand that is a difficult time for you. There are many things to consider. We are here to help you determine if you meet the requirements for innocent spouse relief.
If you feel you might be in the situation where the IRS is trying to collect money from you and it is your spouse that should have the debt, then we may be able to help. Here are the ways we can help an innocent or injured spouse with IRS tax debt:
We can consult with you to assess your situation
We can explain the options you have for applying for tax relief
We can act as your representative to the IRS to handle your case
We can complete the forms necessary to apply for relief
We can access your IRS file to understand the records they have about your situation
We can negotiate your case with the IRS officer
To get started with us, please contact us to arrange for a convenient time to discuss your specific situation. We will handle your situation in a discreet and confidential manner. Your privacy is important to us.
My Tax Problems Solved helps taxpayers by finding the best solution to their tax problems so that they can have control over their financial life with a great client experience.