Under Internal Revenue Code (hereinafter “IRC” or “Code”) § 6013(d)(3), spouses who file joint tax returns are jointly and severally liable for all tax due and owing for the tax year, as well as any penalties or interest that...more
On September 13th the IRS issued a new revenue procedure that significantly changes equitable innocent spouse relief.
I have excerpted part of the article which discusses the significant changes.
When you make your wedding checklist, perhaps at the bottom you should consider how your marriage will affect your income taxes....more
On Tuesday, May 14, 2013, Governor Dayton signed into law a bill legalizing same-sex marriage in Minnesota (H.F. 1054 and S.F. 925), effective August 1, 2013....more
Married spouses who are in the process of seeking a divorce should think twice about filing a joint income tax return. That decision should not be made in haste. Although you can amend your income tax return to change your...more