What people need to know about innocent spouse relief?
Over the past year, Kersh Law Firm has released a monthly series of blogs that explores the many aspects of divorce and family law in hopes of educating readers everywhere so that they may make well-informed decisions. Today’s blog is no different; it explores an important area of marriage and divorce called innocent spouse relief.
When a couple gets married, they can choose to file for a joint tax return with the IRS, which means they are both responsible for paying the tax they incur and also accountable when it comes to penalties and interests.
But the question now is, what happens if the marriage ends in a divorce?
Kersh Law Firm states that in the event that a couple that opted to file for a joint tax return with IRS goes through a divorce, the joint tax return will still be in place. Even if one of them is employed, they are both still legally obligated to pay taxes.
However, there is such a thing as <bi>innocent spouse relief</bi>. This can be an avenue for a spouse to release themselves from the joint tax return agreement from the IRS. First, the spouse has to file for the innocent spouse relief from the IRS, then have the application reviewed. If the conditions are met, the spouse who filed for the relief will be relieved from any additional taxes incurred by the ex-partner, whether through wrong reporting of income or inadequate payment.
The IRS has also been known to grant partial relief, separation of liability relief, or equitable relief, if all the conditions of the innocent spouse relief application are not met, Kersh Law Firm adds.
<i><a href="https://twitter.com/FirmKersh">Kersh Law Firm</a>, P.C. is a legal family law counsel based in Houston, Texas. It takes clients’ cases and legal situations seriously, striving to provide the best customer service in the business and make clients the top priority. More on the firm and its legal services <a href="https://kershlawfirm.blogspot.com/">here</a>.</i>