IRS TAX RELIEF
Innocent Spouse Tax Relief
What if . . .
. . . You signed a joint return with your spouse, and . . .
. . . You thought your spouse had paid the taxes due, or. . .
. . . The IRS increased your taxes due to your spouse's unreported income/disallowed deductions, and . . .
. . . You knew nothing about your spouse's unreported or erroneous items. . .
. . . HOWEVER, the IRS is now asking you to pay the tax owed on this joint return!
Fortunately, the IRS Restructuring Act of 1998 generally makes innocent spouse tax relief easier to obtain. This Act eliminates all the understatement thresholds previously required by IRC § 6013 and requires only that the understatement of tax be attributable to an erroneous (not only "grossly" erroneous as in the past) item of the other spouse.
To qualify as an "innocent spouse" and to be relieved of liability for resulting taxes (including interest, penalties and other amounts); you need to establish that:
- one spouse entered erroneous items resulting in a tax understatement;
- the other spouse was unaware (or had no reason to know) of the errors and the resulting understatement when signing the return;
- it would be unfair to hold the innocent spouse liable, taking into account all facts and circumstances; and
- the innocent spouse seeks tax relief through IRS Code Section 6015(b) within two years from the date collection activities begin.
How can FSI Tax Corp help with innocent spouse tax relief?
If this sounds overwhelming, do not worry. The tax professionals are here to help you by guiding you through the complicated maze of confusing tax codes and regulations. We know how to deal with the IRS and what it takes to cut through IRS red tape.
Before we can do anything, we need to speak with you to determine if you qualify for innocent spouse relief. If you meet the criteria for receiving innocent spouse relief, we will represent you before the IRS to make sure your rights are enforced.
Once relief is realized, you will not be liable for the tax due on the return or interest and penalties applied to the tax debt. In some cases, this can save thousands of dollars.
How does this sound?
If you need help, contact FSI Tax Corp today!
- What is an Offer in Compromise?
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FSI Tax Corp
If you filed a joint tax return and errors entered in by your spouse are now being requested by the IRS from you, we might be able to protect you with innocent spouse tax relief. Contact us to find out more.
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