The IRS considers married couples who file jointly to be “jointly and severally liable” for all federal tax liabilities.
Under its Innocent Spouse Relief program, if one spouse meets certain qualifications, he or she may be relieved of this liability.
The IRS will seek to determine whether an underreporting of income, understatement of tax, or other deficiency in the joint tax return was attributable to both spouses or just to one. Another test relates to whether the spouse requesting relief knew of the deficiency.
If the IRS is holding you liable for a deficiency on your joint tax return of which you were unaware, you should call us. It is not fair for you to be penalized for a situation you did not create!
Fill out the form below or call us at 646-326-9971 for a free in-office consultation.
Bradley R. Bailyn, Esq. , Founder
Bailyn Law provides comprehensive legal and advisory services to closely held and family businesses seeking to capitalize on opportunities, avoid or mitigate risks and create long-term stability through good management and diligent business decisions. We help owners and directors structure successful transactions to improve profitability and liquidity including purchasing and selling entire companies or certain assets, restructuring the ownership, management and operations of the business, raising capital or entering joint venture agreements. We serve as general counsel for our clients, fulfilling daily needs and building long-term relationships of trust and confidence.
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The Bailyn Law Firm, P.C
6301 Mill Lane
Brooklyn, NY 11234
One Rockefeller Plaza, Tenth Floor
New York, NY 10020
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