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Married filing joint

How Marriage Can Impact Your U.S. Taxes

August 24, 2016

In the U.S., married couples have the option to file “Married Filing Joint” as opposed to filing two separate tax returns. Because tax rates are increased at higher income levels, if one spouse is making little to no income and the other spouse has high earnings, filing jointly can significantly reduce ones tax burden. In...

personal taxes

Term Extension of the Innocent Spouse Tax Relief Program

August 22, 2013

On August 12th 2013, the US Internal Revenue Service issued ‘REG-132251-11’. This proposed rule would extend the amount of time from two to ten years within which a taxpayers can apply for the “Innocent Spouse” relief program. This rule also proposes to stop collection of taxes in certain situations, especially when an application is being...