525 N Cascade Ave., Suite 200
Colorado Springs, CO 80903
(719) 359-8789
success@cashtracksfinancial.com
Do You Owe the IRS Money That You Can’t Pay? Are You a Year or More Behind in Filing Your Income Tax Returns? Are You Behind in Your Payroll Tax Filings or Payments? Our Tax Relief services and Tax Resolution assistance can help you get tax relief!
Showing posts with label tax return. Show all posts
Showing posts with label tax return. Show all posts
Wednesday, August 28, 2024
Monday, October 30, 2023
Colorado Springs: Do I Have to Pay My Deceased Spouse's Overdue Self-employment Tax?
For any industry where you or your spouse are self-employed, the self-employment tax is a common issue. This can especially be true when your spouse is a truck driver. Often times a low cost tax preparer is used to save money. Sadly, though this often results in a poorly prepared tax return missing countless deductions. Sometimes I have encountered cases where a married filing joint tax return was electronically filed without one spouse's consent. There was a significant amount of self-employment tax and income tax due. The non-consenting spouse may not have filed jointly if she had known the amount due on the tax return. Then the spouse who filed the tax return suddenly and unexpectedly dies. Leaving the surviving spouse with a large tax bill. Is the surviving spouse required to pay the unpaid taxes?
Under Internal Revenue Code Section 6015 (b), the surviving spouse may qualify for Innocent Spouse Relief after consideration of the the facts and circumstances, Marcelino Dodge, EA, CTRC has helped taxpayers obtain this relief after a thorough and careful review of their complete situation.
Cash Tracks Financial of Colorado Springs
Marcelino Dodge, EA, CTRC
525 N Cascade Ave., Suite 200
Colorado Springs, CO 80903
(719) 359-8789
www.cashtracksfinancial.com
success@cashtracksfinancial.com
Subscribe to:
Posts (Atom)
Colorado Springs: Does Your Tax Professional Have the Right Ingredients?
I was waiting for my pizza out back of The Next Us Building. I was able to get what I wanted on my pizza. I thought "Do taxpayers g...
-
Sometimes people call the office stating that they are several years maybe even 20 or more years behind on filing taxes. They are a panic b... -
How Can I Be Considered Uncollectible by the IRS? If you have a large tax debt that can be daunting. But, understanding how to qualify as ... -
.jpg)
Do you have an S-Corporation ? Are you on salary or are you just taking distributions? Did you know that S-Corporation shareholders are ...