To get innocent spouse relief, you must file IRS Form 8857 and show that a joint tax return understated taxes due to your spouse’s errors, that you did not know or have reason to know about them, and that it would be unfair to hold you responsible. Requests generally must be filed within two years of the IRS’s first collection attempt.
If you’re facing a visit or call from an IRS Revenue Officer, you might feel a mix of confusion and stress. After all, most of us never expect to deal directly with the IRS, let alone with one of their Revenue Officers. But it can happen to anyone, especially if you have overdue tax debts, haven’t filed tax returns, or are dealing with payroll tax issues. So, let’s walk through some tips to help you manage this situation calmly and effectively.
Editor’s Note: This post was originally published in December 2011 and has been updated for accuracy and comprehensiveness.
If you're behind on your taxes, you've likely heard the term "tax levy" thrown around—but what does it actually mean, and how could it impact you?
Editor’s Note: This post was originally published in February 2012 and has been updated for accuracy and comprehensiveness.
If you're facing an IRS wage garnishment, you're not alone. A recent study by Northwestern and MIT estimates that 1% of workers, or 1 in 100, may be experiencing a wage garnishment during any given pay period. It's important for you to understand what is true and what is false about wage garnishments so that you can take whatever steps are necessary to stop wage garnishments. If you know the truth, you are one step closer to being able to stop IRS wage garnishments. Here are 11 common myths...
According to the National Student Clearinghouse Research Center, about 15.2 million undergraduate students enrolled in college for the 2023-2024 academic year. Navigating the financial aspects of sending a dependent to college can be challenging, particularly when it comes to understanding the tax implications. While college expenses for a dependent are not directly tax deductible, there are several tax credits and deductions available that can significantly reduce the financial burden.
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Editor’s Note: This post was originally published in July 2012 and has been updated for accuracy and comprehensiveness.
Charitable giving is one of the most common tax deductions for individuals. But some business owners may not know that they can use these same deductions to lower their taxable corporate income. The IRS offers significant tax savings for employers who take advantage of charitable deductions during the tax year, including these five tax write-offs.
If you find yourself facing possible criminal tax charges, you will almost definitely need to seek help from criminal tax attorneys who have a thorough understanding of tax law and can review the particular details of your case to see what can be done to help you. Tax crimes are federal crimes that can carry heavy financial penalties, jail time and other negative consequences. We'll look at some possible strategies to take in addressing your criminal tax charges and walk through the process so you know what to expect and what you can do to get the best possible outcome.
Editor’s Note: This post was originally published in March 2013 and has been updated for accuracy and comprehensiveness.
If you find yourself owing a lot of money to the IRS, you're not alone. But what can you do if you won't have the money you need to pay off your tax bill? One solution is to set up an IRS installment plan. These plans make it possible to pay off your tax balance over time, rather than all at once.
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It's that time of year again—tax season. For many individuals and businesses, the looming deadline to file taxes can bring about stress and uncertainty. However, if you find yourself needing more time to gather documents or organize your finances, filing for a tax extension might give you the extra time you need. Let's delve into what a tax extension entails and how you can use an extension to buy yourself a little extra time.
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Editor’s Note: This post was originally published in February 2017 and has been updated for accuracy and comprehensiveness.
As the IRS reviews your tax returns each year, they are paying very close attention to the details. They look for any entry that makes this year's return seem markedly different from last year's.
If the IRS finds discrepancies, your return may be be set aside for review or even an audit. Make sure your return is accepted and processed smoothly by avoiding these common tax filing mistakes this year.
