Tax concepts in marriage and divorce

When a married couple owes federal taxes there are different outcomes that may be applicable and available. This blog post lists some of the concepts that IRS recognizes that might be considered in any stressed marital tax settlement:

  • Joint and several liability
  • Injured spouse allocation and relief provisions
  • Innocent Spouse Relief
  • Separation of liability
  • Equitable relief
  • Offer-in-Compromise Doubt as to Liability

Each has its particular uses, advantages, disadvantages and restrictions. The purpose of this blog post is simply to point out that there are more ways to approach the issue of marital tax liability than most people realize.

I am available to discuss these concepts as they may apply to your situation.

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