30 September 2015

Innocent Spouse Tax Debt Relief

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Innocent Spouse Tax Debt Relief

When someone is attempting to collect money from you, and you still don?t have enough resources to pay what you owe, you will be pressured. Some people even try to escape their problems but what if the IRS is hunting you? Will you still try to hide or escape? When you have to tax debts, you need to find a suitable tax debt relief program to ease your problems.

Oftentimes, it's much better to seek professional help but since this would mean additional cost on the part of the taxpayers, there are always second thoughts about this option. If you look at your situation closely, you can determine if you can solve it on your own. However, if your tax dues involve a large amount, perhaps it's a good idea to find a tax advisor or specialist.

Professionals are confident enough to handle almost any situation. Financial problems encountered by delinquent taxpayers may include levies, wage garnishments, back taxes, liens, etc. By hiring a professional, you can avoid these problems and work out a suitable payment plan or arrangement with the IRS.

When your spouse filed an erroneous tax return without your knowledge, you can request for the Innocent Spouse Relief. There are times when the spouse files an underestimated return. Since you're the wife or the husband, you will also be liable for it. However, if you can prove to the IRS that you have nothing to do with it, and that you just signed the joint return without knowing about the error, you may be exempted from the tax debt.

To make the request, you can work with your lawyer or tax advisor/specialist. You will secure the Form 8857 and fill it out honestly and completely. You can send your request together with the pieces of evidence and your explanation to PO Box 120053 Covington KY 41012.

Next time your spouse files a tax return, you have to make sure that it does not contain any error. The IRS is very strict when it comes to collections of taxes so you have to comply accordingly. Know your tax debt relief alternatives so that you will know what to do.
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