Monthly Archives: May 2011

Joint Taxes Filed? Divorcing or Not…Are You Sure You Are “Innocent”?

Couples Filing Taxes Jointly Most Americans recently filed their income tax returns. Did you carefully look over the completed forms before you signed? If you plan to divorce this is especially important. When married couples file joint returns, the law holds both spouses liable for the taxes, interest and penalties – even when one spouse may not have been aware of the their spouse’s misreporting of income or expenses. In certain situations, the IRS provides an out for taxpayers. This i...   Read more ...