If are you looking to get tax relief then the IRS innocent spouse tax relief is for you.
Innocent spouse tax relief Guide
If you are married and you file a joint tax return with your spouse, you may be held responsible for any taxes, penalties, and interest that are due on the return. If you believe that you should not be held responsible for these taxes because your spouse failed to report income, claimed false deductions, or otherwise caused the tax liability, you may be able to get innocent spouse relief.
To request innocent spouse relief, you must file Form 8857, Request for Innocent Spouse Relief. This form is used to request relief from additional taxes, penalties, and interest that you may owe because of your spouse’s actions. You must also attach a statement to the form explaining why you believe you are entitled to innocent spouse relief.
You must file Form 8857 within two years of the date that the IRS first tried to collect the tax from you. If you are requesting relief from a tax liability that resulted from your spouse’s fraud, you must file the form within two years of the date that the fraud was discovered.
You may also be able to request innocent spouse relief by contacting the IRS and explaining your situation. In some cases, the IRS may be able to provide relief without you having to file Form 8857.
Is That Spouse’s income under a capital gain tax?
It is important to note that innocent spouse relief is not automatic and the IRS will carefully review your request to determine if you are eligible for relief. Factors that the IRS will consider when reviewing your request include whether you knew or had reason to know about the unreported income or false deductions, whether you benefited financially from the tax liability, and whether you are divorced or separated from your spouse.
If you are not sure whether you are eligible for innocent spouse relief or if you have any other questions about your tax situation, you should consider consulting a tax professional or contacting the IRS for assistance.
What is innocent spouse tax relief?
Innocent spouse relief is a provision under U.S. tax law that allows a married individual to be relieved of responsibility for paying taxes, penalties, and interest that are due on a joint tax return if their spouse failed to report income, claimed false deductions, or otherwise caused the tax liability.
If you are eligible for innocent spouse relief, you will not be held responsible for paying the taxes, penalties, and interest that are due on the joint tax return. This means that the IRS will not try to collect these amounts from you and you will not have to pay them.
To request innocent spouse relief, you must file Form 8857, Request for Innocent Spouse Relief, with the IRS. This form must be filed within two years of the date that the IRS first tried to collect the tax from you, or within two years of the date that the fraud was discovered if the tax liability resulted from your spouse’s fraud.
The IRS will carefully review your request for innocent spouse relief to determine if you are eligible for relief. Factors that the IRS will consider include whether you knew or had reason to know about the unreported income or false deductions, whether you benefited financially from the tax liability, and whether you are divorced or separated from your spouse.
If you are not sure whether you are eligible for innocent spouse relief or if you have any other questions about your tax situation, you should consider consulting a tax professional or contacting the IRS for assistance.
How to qualify for innocent spouse relief?
To qualify for innocent spouse relief, you must meet certain requirements and provide certain information to the IRS. Some of the requirements for innocent spouse relief are as follows:
- You must have filed a joint tax return with your spouse: Innocent spouse relief is only available to individuals who filed a joint tax return with their spouse. If you filed a separate return, you are not eligible for innocent spouse relief.
- You must not have known or had reason to know about the tax liability: To qualify for innocent spouse relief, you must not have known or had reason to know about the tax liability when you signed the joint tax return. If you knew or had reason to know about the tax liability, you may not be eligible for relief.
- You must not have benefited financially from the tax liability: To qualify for innocent spouse relief, you must not have benefited financially from the tax liability. If you received any financial benefit from the tax liability, such as a larger tax refund or a lower tax bill, you may not be eligible for relief.
- You must have filed Form 8857, Request for Innocent Spouse Relief: To request innocent spouse relief, you must file Form 8857 with the IRS. This form must be filed within two years of the date that the IRS first tried to collect the tax from you, or within two years of the date that the fraud was discovered if the tax liability resulted from your spouse’s fraud.
If you believe that you meet these requirements and you would like to request innocent spouse relief, you should consider consulting a tax professional or contacting the IRS for assistance. They can help you determine whether you are eligible for relief and guide you through the process of requesting relief.
What is form 8857?
Form 8857, Request for Innocent Spouse Relief, is a form used to request relief from additional taxes, penalties, and interest that you may owe because of your spouse’s actions on a joint tax return. If you are married and you filed a joint tax return with your spouse, you may be held responsible for any taxes, penalties, and interest that are due on the return. If you believe that you should not be held responsible for these amounts because your spouse failed to report income, claimed false deductions, or otherwise caused the tax liability, you may be able to get innocent spouse relief by filing Form 8857.
To complete Form 8857, you will need to provide information about your tax situation, including your name, social security number, and the tax year for which you are requesting relief. You will also need to explain why you believe you are entitled to innocent spouse relief and provide any supporting documentation that you have.
Once you have completed Form 8857, you should file it with the IRS. You must file the form within two years of the date that the IRS first tried to collect the tax from you, or within two years of the date that the fraud was discovered if the tax liability resulted from your spouse’s fraud.
If you are not sure whether you are eligible for innocent spouse relief or if you have any other questions about your tax situation, you should consider consulting a tax professional or contacting the IRS for assistance. They can help you determine whether you are eligible for relief and guide you through the process of requesting relief.