Many married taxpayers choose to file a joint tax return. This can make keeping up with finances and filing requirements easier, as well as offering an array of financial benefits. But what happens if one of the spouses makes a mistake on the return—or worse, knowingly attempts to mislead or deceive the IRS? If the problem with the return is due to your spouse’s error, negligence, or wrongdoing, you may still be held accountable for penalties and fees—even if you’re no longer married. Luckily, the IRS offers a few options to relieve innocent spouses of back taxes, interest charges, and other burdens for which they’re not responsible.
In general, you’ll need to be able to prove not only that your own information on the joint return was accurate, but also that you had no knowledge of your spouse’s issues at the time of signing. Your ability to pay will also be taken into account. If the government sees that it would be unfair to hold you liable for the tax, due to your current circumstances, you’ll stand a stronger chance of securing innocent spouse relief.
For more on this tax settlement, get in touch with Taxation Solutions, Inc. today! We’re the Atlanta area’s trusted choice for all sorts of tax resolution services. We have the experience and training to make your tax problems a distant memory.