Tag: innocent spouse tax relief

All You Need to Know about Innocent Spouse Tax Relief

All You Need to Know about Innocent Spouse Tax Relief with The Law Offices of Nick Nemeth

Although filing a joint return has its tax advantages, it has certain downsides too. When you submit a joint return along with your spouse, you are jointly and equally responsible for all the tax liabilities on tax return and penalties. This implies that if you don’t have any income or are unaware of the filed return details, you are still equally liable for tax payment. Based on your situation, you may be eligible for Innocent Spouse Tax Relief, that can provide you an exception to the general rule of joint liability. If you believe you may qualify and need a

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5 Things to Know When Filing a Claim for Innocent Spouse Tax Relief

Innocent Spouse Tax Relief with The Law Offices of Nick Nemeth

The IRS offers generous tax deductions when you file your returns as a couple. You can enjoy benefits such as increased chances of qualification for receiving large amounts of Earned Tax Income Credit, the Child and Dependent Care Tax Credit and more. Keeping these added advantages in mind, filing taxes jointly seems sensible from a financial standpoint. When you file jointly as a couple, both you and spouse are equally responsible for the entire tax debt. In such a scenario, if your spouse commits tax fraud and cheats the IRS without your knowledge, you are still liable for the joint

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Busting 5 Common Myths about IRS Innocent Spouse Tax Relief

IRS Innocent Spouse Tax Relief with The Law Offices of Nick Nemeth

Many married taxpayers file a joint tax return to qualify for the tax benefits it entails. In cases, wherein one of the spouses improperly reports or omits an item, the other spouse doesn’t have to suffer the consequences. In such cases, the innocent spouse can seek IRS innocent spouse relief by filling out Form 8857. Although innocent spouse tax relief has many benefits, there are many misconceptions associated with it. If you are planning to file innocent spouse tax relief but need a better understanding, speak with the IRS attorneys at the Law Offices of Nick Nemeth. Continuing the discussion,

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3 Steps to Claiming Innocent Spouse Tax Relief

Innocent Spouse Tax Relief with The Law Offices of Nick Nemeth

Most couples these days choose to file joint tax returns. This makes them equally responsible for all the taxes that they owe. If your spouse or ex-spouse lied about their unpaid taxes on a joint tax return and you are now facing tax debt issues, you can apply for Innocent spouse tax relief. There are many ways to prove your innocence and get IRS tax relief. Continuing the discussion, this blog covers 3 steps that can help you seek innocent spouse relief from IRS. Let us dig in. 1. File IRS Form 8857 If you believe that you qualify for

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