Non-Filers: Plan Your Filing Status

By
Services for Real Estate Pros with Tax Resolution Society LLC

The context of this analysis is for non-filers who are married. As known to everybody, the non-filers are taxpayers for some reasons did not file their taxes for many years. It happened that they received a notice from the Revenue Internal Service (IRS) to file their taxes. The married non-filers need to think twice before filing jointly their returns.

Married Filing Jointly vs Married Filing Separately

Ounce you are married you have an option to file your return with your spouse what is called married filing jointly or you both can decide to file your returns separately because you want to be responsible for your own taxes. The common trait for non-filers is that most of them owe taxes to the government. For that reason, they need to think strategically about the collection before filing. The first step of successful resolution for non-filers is to file all their returns separately.

The Collection Game

The non-filers owe many years of taxes to the government, they have to think through the collection before sending their returns to IRS, State and local governments. The separate return status will force the government to allocate the assets of married couple to each one individually. This is a key to calculate the reasonable collection potential (RCP) for taxpayers.

Tax Resolution Society helps individuals and businesses to resolve their tax issues with the government. Please, do not hesitate to contact us. You can call at (215) 725 2968 or send an email to kokou@taxresolutionsociety.com.

Comments (4)

Kristin Johnston - REALTORĀ®
RE/MAX Platinum - Waukesha, WI
Giving Back With Each Home Sold!

Great information.Ā  Thanks for sharing and have a wonderful day!

Aug 08, 2021 06:30 AM
Kokou Michael Logossou

Thank you

Aug 08, 2021 10:32 AM
Laura Cerrano
Feng Shui Manhattan Long Island - Locust Valley, NY
Certified Feng Shui Expert, Speaker & Researcher

Research what works for you and consult an expert before you jump in the water headfirst definitely. :

Aug 09, 2021 08:04 PM
Kokou Michael Logossou

Thank you

Aug 10, 2021 12:50 PM
Laura Cerrano
Feng Shui Manhattan Long Island - Locust Valley, NY
Certified Feng Shui Expert, Speaker & Researcher

Feel free to follow me back and bounce some ideas off and have some fun talking. :

Aug 09, 2021 08:05 PM
Roy Kelley
Realty Group Referrals - Gaithersburg, MD

Thank you very much for sharing your experience and your advice.

Take care, be safe and have a great day.

Aug 10, 2021 04:23 AM
Kokou Michael Logossou

Thank you

Aug 10, 2021 12:50 PM