Although it may seem like you are stuck with an unimaginable amount of IRS debt, take comfort in knowing that you are not alone. Believing that you should not have to carry the stress of the world on your shoulders, Atlas Tax Solutions is devoting itself to teaching others what their options are. It seems that many focus on the Offer In Compromise, however there are other things you can do to alleviate your situation. One of those is to use the Innocent Spouse strategy if you qualify.
Obviously in order to qualify for the Innocent Spouse, you must have been married at some point. An Innocent Spouse could still be married to the person who filed incorrectly, or didn’t pay of course, but often times it’s based on a previous spouse. We all enter into marriage wanting the best and truly hoping we’ll be married forever, but sadly things happen in life that change everything. The person you may have loved so much at one point may now be the person that is causing you to receive a tax line. Unfortunately, Atlas Tax Solutions cannot do anything about your love life, however if you’re one of the people who was married and is now in debt to the IRS due to taxes that your spouse owed or made mistakes about, well there may be some light at the end of the tunnel.
As with all things, there will be paperwork involved and some negotiation, as well as requirements that must be met. Keep in mind that the IRS will also investigate any claims to make sure that you are not purposely committing fraud. For example, they will most certainly find out if you transferred property to one another in order to avoid paying your taxes. But ultimately it comes down to explaining why you either were not involved or did not know that taxes were owed or filed incorrectly. In a sense, you should commit yourself to presenting an accurate and detailed case while following all the rules. For many people, it’s much easier to let the consultants at Atlas Tax Solutions do the work so that you can continue living your life without the stress of dealing with the IRS.
There are different kinds of tax relief through the Innocent Spouse which Atlas Tax Solutions can walk you through. For some, it may be through a Partial Relief. However you may qualify for Separation of Liability Relief. Keep in mind that with this type of relief you will not get any refunds, but rather for unpaid liabilities. There is also the Relief from Liability Arising from Community Property Law. Even if you don’t qualify for any of these Innocent Spouse Relief Programs, you may qualify for Equitable Relief, which would relieve you from having to pay the tax, penalties and interest. Of course like with all other programs, there are many conditions that must be met. The most important aspect that you should take away from this is that knowledge truly is power. Atlas Tax Solutions can represent you on your behalf to settle your tax debt by determining which program you may qualify for and negotiate your best possible outcome.
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Article Submission by Jayden Adams – Studio98.
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