Friday, June 25, 2010

Tax problems solved! News at 10.

     Your Naperville income tax problems can begin with marriage, divorce and even death.  So many people file their own tax return and then don’t worry about having to owe the IRS anything because they think they will certainly get a refund.  No one wants to owe money especially since you worked so hard for it!  Even if you owe money, as a single individual it can be pretty simple.  However, when you hare getting married, divorced or death of a spouse, it can leave so many people with owing money to the IRS.  If at some point, your spouse did not declare the right amount of income, you may not be able to sort it out without the assistance of an IRS attorney.  When a spouse is not honest from the beginning about their income it could be because money was not readily available.  A spouse could have unreported income and most of them do not understand that if they make the choice to file jointly, they are responsible for their spouse’s income along with their own.

Guess what?  The stipulations do not stop there.  If your spouse completes the tax return and you choose not to look at it, they may declare deductions you are not aware of.  You may end up being liable for deductions that a spouse declares and that is not allowed by the IRS.  Situations like these can take years to resolve and can only be done with the assistance of a Naperville income tax accountant.

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