July 31, 2011

Tax Reprieve For Spouses

The Internal Revenue Service just made it easier for some individuals to free themselves of liability for a spouse's tax debt. Last week, the IRS eliminated a rule that disqualified taxpayers from the "innocent spouse" relief program if more than two years had passed since the agency first sent collection notices to their spouses.

But there are some caveats. Read More

For more information on the innocent-spouse rule, see IRS Publication 971, Form 8857 or news release IR-2011-80

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