As a general rule, when a married couple files a joint tax return, they are jointly and severally liable for the entire tax. But what happens if one spouse failed to report income and the other spouse did not know or have...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. Originally...more
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