When you file a tax return jointly with a spouse—which the majority of married partners do—it’s important to remember that you are both equally responsible for the accuracy and truthfulness of all information provided on your tax return.
Filing a joint return also means that you can be held responsible for a mistake or false report leading to an understatement of tax due. This holds true even if your spouse was the one who accidentally or purposefully provided inaccurate information. Since you filed the return together, you are both liable for any taxes, fees, and penalties that follow the discovery of an error.
The good news is that the IRS recognizes that there are legitimate situations in which this joint responsibility is not fair. If one spouse truly did not know of the error or false report, it is unethical to hold him or her responsible. In these cases, the IRS can absolve the unknowing spouse of any wrongdoing or financial penalty. This is referred to as “innocent spouse” tax relief.
In order to qualify for innocent spouse tax relief, you must establish that you did not know and had no reason to know of any misinformation provided by your spouse. You may also be required to establish that no reasonable person, in similar circumstances, could be expected to know that a false report was made.
If you’re in the St. Louis area and you think you may qualify for innocent spouse tax relief, call the professionals at Tax Resolution St. Louis right away. We can evaluate your situation, determine what forms you need to file with the IRS, and advise you on what documentation you may need to support your claim.
Don’t let someone else’s mistake or wrongdoing adversely affect your life. Contact Tax Resolution St. Louis today so we can help!