Category: Tax Relief

Innocent Spouse Relief on Jointly Filed Income Tax Returns

10 June, 2013 | Tax Relief

Innocent Spouse Relief on Jointly Filed Income Tax Returns Married taxpayers often choose to file joint tax returns because of the benefits this filing status permits, especially tax credits and exemptions.  When filing a joint return, both of the taxpayers are liable for the taxes owed, as well as any interest or penalties that might be assessed. Individuals who are married and file joint returns with their spouse and later divorce can still be audited... CONTINUE READING

First Time Penalty Abatement, Tax Penalty Relief!

19 December, 2012 | Tax Relief

First Time Penalty Abatement, Tax Penalty Relief! If you have no history of tax problems with the IRS, such as back tax returns, but you incurred a penalty for failing to file a tax return, or failing to pay taxes on time, you may be in luck and be able to obtain tax penalty relief. The Internal Revenue Service will often lessen certain penalties for ta... CONTINUE READING

New York State Tax Debt—Collection Statute of Limitations

Statute of Limitations on NY State Tax Debt—How Long Can They Collect? After state taxes have been assessed, the Department of Taxation and Finance (DTF) can only collect taxes for a set period of time. In New York State, the statute of limitations is generally 20 years. Howe...