When you have a tax problem, it's easy to get confused about what your choice is.
This is a quick mistake of the most common tax settlement, so you can have a better idea of where to start when you are looking for a file for a tax resolution. Check out this link to get more information on tax consultants.
While the shape and definition can be rather solid and cannot be penetrated, the basics of each option are quite easy.
Filing joint tax returns is an easy way to reduce paperwork and make filing tax returns a bit less of a hassle. But it also means that both spouses are equally responsible for paying the taxes owed.
If there is an underpayment of tax, due to an intentional omission or an error, both parties can be held liable.
However, the IRS understands that the back taxes aren't necessarily the fault of both, and innocent spouse relief is the channel you can use to relieve your responsibility for tax problems created by your spouse, or ex-spouse.
There are three types of innocent spouse relief, and filing for this type of tax help can alleviate all or part of your responsibility for the tax issue.
An offer in compromise is a powerful tool used to actually reduce the amount of money you owe to the IRS. The tax authorities understand that in some situations, it's not realistic to expect that a taxpayer can repay their entire back taxes within a reasonable period of time (due to the size of the debt in relation to the taxpayer's assets and income).