Did your former spouse prepare joint tax returns, have you sign the returns, and then file the returns? Then months or years later you come to learn that your spouse failed to report all his income. You learn that when an IRS letter arrives notifying you that the tax return has been adjusted. The adjustment shows an increase in taxable income from the 1099's your spouse failed to included as income on the original return. But, that is just the beginning. In addition to the increased income, there is an increase in not only income tax, but also there is now a large amount of self-employment tax due. To top it off, you are required to repay some refundable tax credits that were refunded to you on the return.
The amount due can be tens of thousands of dollars of tax.
Are you responsible for these taxes? Can the IRS require you to pay the amounts due because of the jointly filed tax returns? Technically, the answer is yes to both questions.
But, with consideration of the the facts and circumstances, you may qualify for relief under Internal Revenue Code Section 6015(b). This code section has requirements that must be met for you to qualify for Innocent Spouse Relief.
Marcelino Dodge, CTRC, EA of Cash Tracks Financial has helped taxpayers obtain this type of relief. He can analyze you circumstances and suggest the best course of action to solve your tax problem.
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