Although it may seem like you are stuck with an unimaginable amount of IRS debt, take comfort in knowing that you are not alone. Believing that you should not have to carry the stress of the world on your shoulders, Atlas Tax Solutions is devoting itself to teaching others what their options are. It seems that many focus on the Offer In Compromise, however there are other things you can do to alleviate your situation. One of those is to use the Innocent Spouse strategy if you qualify.
Obviously in order to qualify for the Innocent Spouse, you must have been married at some point. An Innocent Spouse could still be married to the person who filed incorrectly, or didn't pay of course, but often times it's based on a previous spouse. We all enter into marriage wanting the best and truly hoping we'll be married forever, but sadly things happen in life that change everything. The person you may have loved so much at one point may now be the person that is causing you to receive a tax line. Unfortunately, Atlas Tax Solutions cannot do anything about your love life, however if you're one of the people who was married and is now in debt to the IRS due to taxes that your spouse owed or made mistakes about, well there may be some light at the end of the tunnel.
As with all things, there will be paperwork involved and some negotiation, as well as requirements that must be met. Keep in mind that the IRS will also investigate any claims to make sure that you are not purposely committing fraud. For example, they will most certainly find out if you transferred property to one another in order to avoid paying your taxes. But ultimately it comes down to explaining why you either were not involved or did not know that taxes were owed or filed incorrectly. In a sense, you should commit yourself to presenting an accurate and detailed case while following all the rules. For many people, it's much easier to let the consultants at Atlas Tax Solutions do the work so that you can continue living your life without the stress of dealing with the IRS.
There are different kinds of tax relief through the Innocent Spouse which Atlas Tax Solutions can walk you through. For some, it may be through a Partial Relief. However you may qualify for Separation of Liability Relief. Keep in mind that with this type of relief you will not get any refunds, but rather for unpaid liabilities. There is also the Relief from Liability Arising from Community Property Law. Even if you don't qualify for any of these Innocent Spouse Relief Programs, you may qualify for Equitable Relief, which would relieve you from having to pay the tax, penalties and interest. Of course like with all other programs, there are many conditions that must be met. The most important aspect that you should take away from this is that knowledge truly is power. Atlas Tax Solutions can represent you on your behalf to settle your tax debt by determining which program you may qualify for and negotiate your best possible outcome.
While it isn't something most people think about when they get married, many people find themselves in need of IRS innocent spouse relief. When an individual requests IRS innocent spouse relief and they are successful, they can be relieved of the responsibility to pay tax, interest and penalties if their spouse or former spouse improperly reported items or omitted items on their tax return. When people find themselves in this undesirable situation they often did not realize they were liable for any debt until they heard about it in the IRS tax audits for them and their spouse. Luckily, there is IRS tax relief for those who qualify. In order to qualify for IRS innocent spouse relief, an individual must be able to prove that they filed a joint return with an understatement of tax due to erroneous items of the spouse, and establish that they didn't know there was an understatement of tax when they signed the return. They must also be able to prove that it would be unfair to hold them liable for the understatement of tax. And if the IRS can prove during the IRS tax audits that the ?innocent? spouse participated in a transfer of property as part of a fraudulent scheme, that individual will not qualify for this relief and may face further punishment. If your spouse or former spouse failed to report income or made incorrect deductions on a joint tax return without your knowledge, there is no reason that you should have to pay for their mistakes. Qualifying for IRS innocent spouse relief is a very complex process that involves a great deal of paperwork and meetings with Internal Revenue Service professionals, though. This is why it's best to work with an IRS tax relief professional when going through this confusing and complicated process. They have the knowledge and experience to achieve the most favorable outcome for you and your finances.
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