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So you have passed the brink of no return in your relationship and decided to file for divorce. Before you do, it’s wise to make some financial preparations ahead of your court date.
Because of certain benefits that filing jointly allows, many married taxpayers elect to file joint returns. However, filing a joint return carries the added burden of both parties being liable for the tax due.
That is a particularly tricky proposition because oftentimes if one spouse is cheating on their return or understating liability.
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Do you have questions about your divorce and the impact on your tax situation? We have answered the most common questions to try and resolve your issue.
If you file taxes jointly, it's important that you know what is going on. Luckily, innocent spouse relief may be able to help if a problem arises.
It is important to be familiar with the IRS innocent spouse relief rules and the other provisions governing IRS innocent spouse relief. This explains more.
There are several IRS innocent spouse relief requirements that you should be aware of if you plan on filing for IRS innocent spouse relief. Click here.