Yes, for certain purposes but not all purposes. A non-liable spouse’s income is taken into consideration when determining allowable expenses.
Yes. Penalties and interest continue to accrue. The statute of limitations, which is the amount of time the IRS is legally allowed to collect, will continue to run.
You are able to designate where your payments go. However, if no designation is made, the IRS will apply the payments in a way most advantageous to the IRS.
Yes. The IRS has the broadest levy ability of any creditor. There is virtually no income or asset safe from IRS collections.
Yes. The IRS has the broadest levy ability of any creditor. There is virtually no income or asset safe from IRS collections.
Yes. The IRS has the broadest levy ability of any creditor. There is virtually no income or asset safe from IRS collections.
Typically, the settlement involves an agreement to pay in monthly installments. The length of time depends on various factors, including the amount of tax owed. Lump-sum payments are possible when advantageous to our clients.
For more information on Listing Your Spouse On IRS Financial Form, a free initial consultation is your next best step. Get the information and legal answers you are seeking by calling (937) 247-6447 today.