How to Qualify For Innocent Spouse Tax Relief | Finance Business ...

If you filed a joint tax return and the IRS accuses you and your spouse of fraud, you can qualify for innocent spouse tax relief to avoid paying IRS back taxes, penalties and interest, not to mention doing hard time in federal prison on criminal tax fraud and tax evasion charges.

In the tax relief game, innocent spouse tax relief is as close as you?ll get to that invaluable ?get out of jail free? card. But you have to act fast to qualify since a recent Treasury ruling has upheld the two-year deadline for taxpayers who must claim innocent spouse tax relief within 2 years of the IRS?s commencement of collection action.

If you ? ve got a tax-cheating spouse (or ex-spouse), the IRS demands for immediate response on your part to defuse a bomb before it explodes deadly. If you?re an innocent spouse, here are expert tips to help you qualify for vitality. Relief

1 Protect yourself and your family assets. When you and your spouse file a joint tax return, both you and your spouse are ?jointly and severally? liable for any taxes due. Many married taxpayers do this because of this filing status Certain benefits allows. If you did so, you may be held responsible for monies due, even if your spouse earned all of the income. And this is true even if a divorce decree states that your spouse will be responsible for any amounts due on previously filed joint returns.

However, if you qualify for innocent spouse tax relief, you may not have to pay The tax, interest, and penalties related to your spouse (or former spouse). For example, if it is later shown that one spouse had unreported income, the other spouse may try to escape civil and / or criminal liability for the tax on that unreported income under the ?innocent spouse? rule. To claim this protection, the spouse could have reasonably known about the income. 2 Get expert help understanding and meeting IRS guidelines. If you had no idea about the financial activity of your spouse and your spouse what how manipulating the books, you can qualify for innocent spouse tax relief. This means:

You did not share bank accounts, you had no access to his / her account activity
?Your spouse had a separate business that he / she operated Independently
?You did not benefit from lifestyle in the extra money that was a result of tax manipulation

To claim protection, it?s wise to consult with an experienced tax attorney who can help you qualify for relief by the IRS showing that you meet all of the following conditions:

You must have filed a joint return Which has an understatement of tax.
?The understatement of tax must be due to erroneous items of your spouse.
?You Must Establish that at the time you signed the joint return, you did not know, and had no reason to know, that there was an understatement of tax.
?Taking into account all of the facts and circumstances, it would be unfair to hold you liable for the understatement of tax.
?You must request IRS innocent spouse relief within 2 years after the date on Which the IRS first began collection activity.

If you are worried that the law might also consider you a culpable party and you?re in need of tax relief, you need to take action now. Once you want to file for Innocent Spouse claim, the IRS send you a questionnaire for the purpose of verifying the validity of your story. A Certified Tax Resolution Specialist can help you through the process of sharing your financial information in innocent spouse cases.

id=?article-resource?> Michael Rozbruch, one of the nation?s leading tax experts, is a Certified Tax Resolution Specialist (CTRS), licensed CPA in the state of Maryland and the founder of Tax Resolution Services . He teams up with an expert staff of tax attorneys, CPAs, and tax relief professionals available to help individuals and small businesses solve their IRS problems with tax liens, unfiled back taxes, offers in compromise, wage levies, tax relief, delinquent returns, tax debt installment plan, bankruptcy and protecting an innocent spouse from unfair tax burdens. Michael also shares valuable tax advice and information in his blog Tax Resolution University

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