ORP, OR LLC POUSE RELIEF ected Tax Liabilities Tax Understatement
The amount of tax reported on the joint return must be less than the correct amount.
Lack of Knowledge The innocent spouse must demonstrate they did not have knowledge of the incorrect item or tax understatement when the return was filed. It should be noted that the IRS will deny innocent spouse relief if it is discovered that the innocent spouse knew about this false information before filing. Timing All claims for this relief must be filed typically within two years of the IRS’s first collection attempt. Under certain circumstances, the deadline may be extended.
WIN OF THE MONTH Measure Twice, Cut Once!
If you or someone you know is struggling with this situation or a similar complication, we are able to evaluate your situation, discuss your options, and walk you through the process of filing
for innocent spouse relief. Give us a call today — we are just a phone call away!
INGREDIENTS
CASE SNAPSHOT Client: Software Builder Type of IRS Issue: Personal Income Tax Tax Year in Question: 2014 IRS Claimed Liability: $74,798.92 Savings: $47,004.00
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2 shots espresso (or 1/2 cup freshly brewed coffee)
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1 tsp pumpkin pie spice
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1 tsp vanilla extract
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1 cup milk of choice
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Whipped cream for topping (optional)
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3 tbsp pumpkin purée
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1–2 tbsp maple syrup
DIRECTIONS
Our client came to us in desperate need of a payment plan. They owed the IRS $74,798.92 for income taxes from 2014. As always, we first completed an investigation before seeking a resolution. Upon review, we discovered that the IRS had filed a substitute filed return for that year and had not included any business expenses. We were able to file a proper 2014 tax return for the client, and after it was processed, we achieved a savings of 62.84% for our client! That’s why we always do an investigation first! Whether you are building houses, software, or a case with the IRS, it’s sage advice to always measure twice and cut once!
1. In a small pot on medium heat, heat milk until simmering but not boiling.
2. Make your espresso (or coffee) and pour into a large mug or Mason jar. Add pumpkin purée, maple syrup, pumpkin pie spice, and vanilla and stir until well combined. 3. With a milk frother, froth the heated milk until foamy. Then, pour into your pumpkin espresso mixture and top with whipped cream. For decoration, you can sprinkle more cinnamon or pumpkin spice on top!
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