What Does IRS Innocent Spouse Relief Stand for?

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What Does IRS Innocent Spouse Relief Stand for
How You May Qualify?
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IRS innocent spouse relief could help avoid
additional tax liability, interest, and
penalties, but there are fundamental rules for
you to follow.

• IRS innocent spouse relief could help avoid
  additional tax liability, interest, and
  penalties, but there are fundamental rules for
  you to follow. Couples are usually seen as
  partners in crime, perfectly fit for one another.
  Like two peas in a pod, they are meant to provide
  the best support to the other half, especially
  during those circumstances that sweep a lot of
  problems. One such trouble in paradise happens
  when a spouse is not directly liable for tax
  penalties or errors.
• On joint tax returns, as the name suggests, both
  spouses are generally deemed responsible. But, if
  you are completely innocent and had no idea about
  errors in joint returns, you can back the support
  of IRS spouse relief to avoid the additional tax
  burden.

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What is innocent spouse relief?

• IRS spouse relief provides you relief from paying
  additional tax, interest, and penalties during a
  circumstance when a spouse or ex-spouse didnt
  reported income, reported income improperly, or
  claimed improper tax deductions or credits.

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Who qualifies for innocent spouse relief?

• Getting innocent spouse relief isnt a walk in
  the park. The IRS can deny your request, delaying
  the process for as long as six months. IRS
  Publication 971 contains all the vital details,
  here are the five most important rules to
  remember about qualifying for IRS spouse relief.
• You must file taxes jointly.
• The error has to be comeuppance to the other
  person.
• You must not leave a single stone unturned to
  prove you are innocent.
• The circumstances must be riveting.
• Usually, you have to request innocent spouse
  relief/ IRS back tax relief in no less than two
  years after the IRS starts to collect the tax.
  (PS There are some exceptions.

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How do I file for innocent spouse relief with the
IRS?

• The IRS will decide whether or not youre
  responsible for paying the tax. If you think you
  might qualify for innocent spouse relief, there
  are a few important things to keep in mind
• The IRS plays a significant role in telling your
  spouse or ex-spouse that you requested innocent
  spouse relief. It will also permit your spouse to
  provide detailed information about your claim.
• The IRS will collect all the tax, interest, and
  penalties directly from your ex or spouse.
• If you have already paid some or all of the tax
  bill amount, the IRS will refund the tax payments
  you made with your money.
• Some taxes, like individual shared responsibility
  payments and other kinds of employment taxes,
  dont qualify for IRS spouse relief.

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Types of innocent spouse relief

• If you dont qualify for IRS spouse relief, you
  may still have two other viable options.
• Separation of liability relief. The IRS equally
  divides the tax bill between you and your spouse
  or ex, and each one of you is liable to pay your
  part of the share. You have to be legally
  divorced, separated, or widowed to qualify, and
  you cant have lived with the person for at least
  12 months prior to the relief request submission.
• Equitable relief. This may be an available option
  if you didnt file for a joint return but are on
  the pin for your spouses error just because you
  live in a community property state, where income
  is considered a shared entity. Other than that,
  you might succeed at winning this relief if the
  tax return was correct but the tax wasnt paid.

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The difference you should know between innocent
spouse relief and injured spouse relief

• Scroll below to know the difference between
  innocent spouse relief and injured spouse relief
  Innocent spouse relief is in general about
  allocating responsibility for a tax bill. Injured
  spouse relief permits an injured spouse to
  recover his or her portion of a tax refund from a
  joint tax return.
• Additionally, the IRS may allow IRS spouse relief
  if all or part of the tax refund from a joint tax
  return was applied toward taxes your spouse owes
  concerning separate, child/spousal support,
  student loan debt, past-due federal or state
  taxes.
• When you apply for injured spouse relief with IRS
  Form. Please note that it can take few months for
  IRS to process.

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