Are you legally separated or divorced, and have you always relied on your spouse to prepare your tax returns?
Have you received a letter from the IRS about back taxes due that surprised you?
Were you aware of a windfall of income, but your spouse didn’t tell you the correct amount?
If the answer to any of the above questions is yes, you may get relief from the penalties and taxes due by your spouse so that your credit is not ruined and you can continue your financial life.
Provisions for Innocent and Injured Spouses
Sometimes, life is full of surprises. You just got a letter from the IRS demanding additional taxes from a prior year’s tax return. You have always relied on your spouse to prepare your returns. After all, your spouse has an important job in finance. Worst of all, you do not understand how the IRS thinks you did not report an additional $50,000 in income. Now, the IRS wants $20,000 for back taxes, penalties, and interest.
You can apply for relief for an innocent or injured spouse in this situation and many others. (In this context, injured spouse refers to financial injury, not physical injury.) First, you need to meet certain conditions to qualify for this relief.
We can help you figure out if innocent spouse relief applies to you. We will assess your situation to see if you were unaware of any unreported income. Your spouse may have concealed extra income from you. Holding you responsible for the additional tax might be unfair.
The IRS will review your application for innocent spouse relief and determine if there were circumstances where:
· There was an erroneous deduction claimed by your spouse
· You had no actual knowledge of the erroneous deduction or item when you signed the return
· It would be unfair to hold you liable for the tax once the facts and circumstances are known
· You have not transferred or received property from your spouse to avoid payment to a third party or to pay taxes.
We understand that this is a difficult time for you. There are many things to consider. We are here to help you determine if you meet the requirements for innocent spouse relief.
How We Can Help
If you are in the situation where the IRS is trying to collect money from you and your spouse should have the debt, we can help. Here are the ways we can help an innocent or injured spouse with IRS tax debt:
· We can consult with you to assess your situation
· We can explain the options you have for applying for tax relief
· We can act as your representative to the IRS to handle your case
· We can complete the forms necessary to apply for relief
· We can access your IRS file to understand the records they have about your situation
· We can negotiate your case with the IRS officer
To get started with us, please contact us to arrange a convenient time to discuss your situation. We will handle your situation discreetly and confidentially. Your privacy is important to us. Call HCP Tax Resolution, dba of Hector Perez & Associates, at 562-799-5524 today to schedule a consultation. Let’s work together to get your financial life back on track.
