After a brief update on coronavirus effects on the tax world, this episode brings a discussion of family-related tax issues. To start, the filing status chosen has different effects on the tax return. Specifically, when a married couple files a joint tax return, there could be further issues. That leads to the difference between injured spouse relief and innocent spouse relief.
Injured spouse relief applies when one spouse’s refund will be applied to the other spouse’s government debt.
Innocent spouse relief applies to married couples with tax debt when one spouse dies, there is a legal separation/divorce, or the spouses have been separated for 12 months. The requesting spouse cannot amend a joint tax return so must file for innocent spouse relief to get the debt divided or if the debt is all connected to the other spouse’s income. The form requires details about the marriage including education levels, involvement with filing the taxes, and whether there was domestic violence. Since there is so much to innocent spouse relief, I will be doing a follow-up episode.
Episode 100: Interview With Francine Lipman
Episode 99: Interview With Rebecca Stavish
Episode 98: Tax March - Interview With Maura Quint
Episode 97: Interview With Andrew Belter
Episode 96: Interview With Andrew Aleman
Episode 95: Interview With Shanthy Bala
Episode 94: Further Coronavirus Tax News
Episode 93: Liens, Levies & Collection Due Process
Episode 92: Familes First Coronavirus Response Act
Episode 91.5: Further Coronavirus Tax Updates
Episode 91: Coronavirus Tax Updates
Episode 89: Midterms and Coronavirus Tax News
Episode 88: Family-Related Tax Matters (1 of 2)
Episode 87: Installment Agreements and Settlement Offers
Episode 86: CNC and Local Standards
Episode 85: The Taxpayer Advocate Service and Systemic Advocacy
Episode 84: Tax Research
Episode 83: Interviewing Clients
Episode 82: Transcripts
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