IRS Proposes Extending Innocent Spouse Tax Relief Deadline This is good, because it will allow Innocent Spouse to protect themselves longer when they are married to a spouse who is having problems with the IRS.
I once had a client who married a wonderful man, except he had issues with the IRS. The IRS went into her personal account of $80K and took over $40,000, just because the couple filed taxes together and he owed the IRS. Needless to say it contributed to breaking up the marriage. The money was in an account provided by her ex-husband for their only child's college education.
Once the IRS got their hands on the money, it was no getting it back. (The numbers have been changed to protect the privacy of the client, however know that the IRS took a sizable amount of money out of the client's account)
Blog Flux
About Me
- YouTube Channel
- I am a telecommunications engineer by trade, graduated DeVry - Chicago Campus, and worked WNUS-Chicago, KPIX San Francisco, Hewlett Packard and United Airlines - SFO. Born and raised in the San Francisco Bay Area. Lived in Europe, Africa for a short time, Mexico and South America. Early Childhood Education was my second career and my most rewarding. From vocational instructor at the college level to my own private preschool and kindergarten, this is the career that touched my heart. And now, even though I am retired and traveling the world, I still find the need to provide value for young children around the globe. I am the author of Travel the World on Social Security and several short fictional reads in the Kindle Store. My favorite Kindle eBooks are the series of educational books for kids ages 3 to 9 years of age. I have included each of the topics necessary for a young child to do well in Kindergarten. My eBooks are best viewed on a large-screen TV. The pages come to life, and children enjoy the enormous size of viewing their eBook on the big screen.