When the Internal Revenue Service sends you a notice, you assume there is a problem. If you receive notification that the IRS is looking into your tax returns because it believes there was an underestimation of earnings and taxes owed, you have some options. When it is your husband's earnings that are in question, you may qualify for the innocent spouse relief Houston TX partners have filed for in the past.
When couples file jointly, and the primary earner misleads the government about the amount of money earned, the other spouse may avoid being held responsible for the additional taxes, interest, and penalties owed if she qualifies under IRS guidelines. In order to qualify under the classic requirements, you must establish three things. First, you have to show that it was the other partner who reported incorrect information on his earnings.
You have to prove that, at the time you signed these returns, you did not know your husband had underestimated his taxes. There can be no circumstances under which you should have known. If there are, you won't qualify.
Lastly, the IRS will determine, based on information they can obtain, that it would not be fair to hold you responsible for the taxes owed. They base their decision on a number of factors. These include whether or not you directly benefited from the underestimate. They will check your marital status to find out if you are divorced or legally separated. They will also take it into account if your spouse has abandoned you.
If you think you qualify for this exception, you should file form 8857 with the IRS. When you are filling out the form, you need to put as much detailed information into it as possible. Where questions ask for explanations, you need to be specific and provide any documentation you think is pertinent. Giving the IRS as much information as possible will speed up the process.
There are different types of relief, and you need to know which one best suits your case. The responses you give should reflect that. It's a good idea to include a personal letter outlining everything you have detailed in the form. You need to give specific reasons and examples of how and why you should not be held responsible for what your partner did.
The sooner you file form 8857 the better off you will be. Although the Internal Revenue Service has extended the time limit for filing the form, you should not wait any longer than necessary. If you are unsure about whether or not you are in jeopardy, a notice informing you of an investigation should be proof enough.
Dealing with the IRS isn't something most people want to do. It is better to work with them however than to try and avoid a serious issue. You may not be held liable for your partner's misconduct, if can prove you had no knowledge of it and didn't benefit from it.
When couples file jointly, and the primary earner misleads the government about the amount of money earned, the other spouse may avoid being held responsible for the additional taxes, interest, and penalties owed if she qualifies under IRS guidelines. In order to qualify under the classic requirements, you must establish three things. First, you have to show that it was the other partner who reported incorrect information on his earnings.
You have to prove that, at the time you signed these returns, you did not know your husband had underestimated his taxes. There can be no circumstances under which you should have known. If there are, you won't qualify.
Lastly, the IRS will determine, based on information they can obtain, that it would not be fair to hold you responsible for the taxes owed. They base their decision on a number of factors. These include whether or not you directly benefited from the underestimate. They will check your marital status to find out if you are divorced or legally separated. They will also take it into account if your spouse has abandoned you.
If you think you qualify for this exception, you should file form 8857 with the IRS. When you are filling out the form, you need to put as much detailed information into it as possible. Where questions ask for explanations, you need to be specific and provide any documentation you think is pertinent. Giving the IRS as much information as possible will speed up the process.
There are different types of relief, and you need to know which one best suits your case. The responses you give should reflect that. It's a good idea to include a personal letter outlining everything you have detailed in the form. You need to give specific reasons and examples of how and why you should not be held responsible for what your partner did.
The sooner you file form 8857 the better off you will be. Although the Internal Revenue Service has extended the time limit for filing the form, you should not wait any longer than necessary. If you are unsure about whether or not you are in jeopardy, a notice informing you of an investigation should be proof enough.
Dealing with the IRS isn't something most people want to do. It is better to work with them however than to try and avoid a serious issue. You may not be held liable for your partner's misconduct, if can prove you had no knowledge of it and didn't benefit from it.
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