If you are getting divorced or you are recently divorced, and you owe back taxes, there are some little-known tax hazards that, for the unaware, can lead to devastating effects. The question of “who pays the back taxes?” isn’t nearly as simple as you might think. If you think that you’re in the clear because …
Who Pays Back Taxes After a Divorce? (Do NOT Rely on Divorce Decree) Read More »
On December 4th, 2015 President Barack Obama signed into law the “Fixing America’s Surface Transportation Act” to improve the Nation’s surface transportation infrastructure. Also referred to as the FAST Act, the legislation included a provision which requires the Internal Revenue Service to outsource certain tax debts to private debt collection agencies. The idea behind the …
Congress Instructs IRS To Outsource Collections To Private Companies Read More »
If the IRS is pursuing collection action against you for an income tax liability for which you believe you are not responsible because the liability was derived from a spouse (or former spouse), you may be correct and have legal grounds to dispute the liability. The IRS has a specific provision called innocent spouse relief …
Innocent Spouse Relief Can Relieve Your Spouse of a Joint IRS Liability Read More »
The answer to this question will depend on whether the liability is a joint liability or separate liability and whether you live in a community property state or not. If the IRS liability is a JOINT liability then YES, the IRS may levy both your and your spouse’s wages, assets, and/or accounts. When it comes …
Will The IRS Levy My Joint Bank Account With My Spouse? Read More »
