The Innocent Spouse rule – Know about it well
One thing that many people are not aware of is that marriage not only brings two people together but also brings forth the tax responsibilities they owe each other. Filing your tax together as a couple and getting to know that your spouse is tens of thousands of dollars in debt to the IRS. It would be quite shocking and absolutely difficult to take in let alone process the next process. Many people will not have any clue about the whole thing unless and until they go on to file the tax. One may even be expecting to get a tax return and to their shock they may receive a letter saying that the sum has been offset to pay a former debt. The worst thing is that a spouse can also be made liable for another person’s tax debt almost as soon as they get into a marriage. TheContinue Reading