bob jablonsky and assoicates: Richardson TX - Innocent Spouse Relief Under IRC Section 6015(b) - 06/19/19 03:36 PM
As discussed in an earlier blog, while Married Filing Joint filing status (MFJ) is popular for married taxpayers because it often results in a lower tax liability, another consequence of filing MFJ, is that each spouse is jointly and severally liable for the taxes due on a joint return, regardless of who earned the income, and the IRS can collect from both spouses.  In some situations, this can result in an inequitable tax liability for a “Innocent Spouse”.
 
In these circumstances, the “Innocent Spouse” taxpayer may qualify for Innocent Spouse Relief for all or a part of the tax liability. We … (0 comments)

bob jablonsky and assoicates: Richardson TX - Who says you can't sell your home with a Tax Lien? - 03/13/19 06:00 AM
I have clients come into my Richardson, TX tax office wanting to sell their homes but believing that they are unable to due to an IRS lien filed against it.
 
The good news is that not only can you sell your home, but the IRS will be happy to allow you to sell your home, as long as it does not negatively impact them. The IRS will not permit the home owner to walk away with money that could have been received by the government.
 
Let’s walk through a few scenario’s to illustrate what would happen in a sale on a … (2 comments)