The Tax Issue of Innocent Spouse Relief: Retroactivity and Implications
By Brian Figeroux, Esq. | Editorial Credit: sirtravelalot/ shutterstock.com The tax system in the United States recognizes the potential for inequity when one spouse bears undue liability for tax understatements or penalties caused by the other spouse. To address such situations, the Internal Revenue Service (IRS) offers Innocent Spouse Relief, a provision that shields an […]