| A majority of income tax problems start with marriage, | | | | liability. During April is when most income tax problems |
| divorce or death. Most single people are filing a simple | | | | surface. One spouse attempts to make the other |
| W-2 return. Their return is straight forward either they | | | | spouse absorb the IRS taxes that are owed or they |
| owe or they are getting a tax refund. However, once | | | | plainly do not make the records available in the event |
| married, going through a divorce, or having a spouse | | | | an IRS audit. |
| die can leave one spouse with increasing tax liability. | | | | But it doesn't stop here. Money issues get more |
| This can be caused by the change of your deductions, | | | | complicated with divorce. When a couple gets |
| incorrect income reporting or improperly clamin of | | | | divorced, it's a whole different ballgame. If the fiscal |
| deductions. In this event, the best resolution is to consult | | | | year isn't complete when the settlement is finalized, |
| with a tax cpa or IRS attorney to sort out the IRS | | | | you still have to deal with filing. Some divorces are |
| income tax debt. | | | | amicable, but many aren't. April is the time when most |
| If one spouse is not honstely reporting their income, this | | | | estranged couples experience problems with the IRS. |
| can disrupt the financial stability within the home. Joint | | | | Don't be one of them. If you get divorced, many |
| money can have a IRS levy enforced and the money | | | | ex-spouses try to get out of paying money they owe. |
| may not be available to either party. If a joint income | | | | They create many money issues because they |
| tax return is filed, both parties become responsible for | | | | expect an ex-spouse to absorb the cost of what may |
| the money that is owed to the IRS. Another item to | | | | be owed, or simply don't make records available for |
| review when filing a joint return is to make sure that | | | | what may be crucial when an audit occurs. |
| both parties review all deductions. If one party claims a | | | | The death of a spouse can cause IRS problems also. |
| tax deduction that you are not aware of, both parties | | | | Most common IRS problem are a result of one spouse |
| are responsible for the IRS tax deduction. All tax | | | | handling the income tax preparation, and that person |
| deductions need to be valid and supported by the | | | | passes away. This results of lost records, receipts and |
| necessary documentation. Always remember, any tax | | | | income records. In many of these cases, the IRS is |
| deduction that you claim is subject to review by the | | | | willing to work with you to solve the IRS income tax |
| IRS which can lead to an IRS audit. | | | | problem. |
| Income tax problems get even more complex when a | | | | No matter what the cause of the IRS income tax |
| divorce is involbed. If the fiscal year is not complete | | | | problem, J.M. Trippon & Company CPAs can |
| when the divorce is settled, you still have to deal with | | | | assist you with resolving your IRS tax problem. Give us |
| income tax filing. During many divorces, one spouse | | | | a call today to speak to one of our IRS tax resolution |
| usually attempts to get out of their portion of their tax | | | | specialists at 713-661-1040. |