It’s my annual Taxes from A to Z series! This time, it’s Tax Cuts and Jobs Act (TCJA) style. If you’re wondering whether you can claim home office expenses or whether to deduct a capital loss under the new law, you won’t want to miss a single letter. I is for Innocent Spouse. When you…
The IRS has released proposed regulations that would, among other things, extend the deadline for equitable relief for innocent spouses. The deadline was informally extended by Notice 2011-70; the proposed regulations would make that deadline permanent.
Taxpayer asks: Hello, I have a question please: If a person owes the IRS back taxes and wants to marry, is the other person affected when it comes to filing taxes jointly? Thank You. taxgirl says: The short answer is no. Your personal federal income tax liability generally remains your own personal federal income tax…
