Can I Really be Held Accountable for Earnings not Declared?

     Many tax issues start with marriage, divorce and death.  Naperville income tax payers who are on their own do not have to worry about owing any money.  You simply have a W-2!  Come on now, a refund is the very best thing to get as you get the mail and find a check in it! Even if you are one of the lucky few who owe money, you know where you stand as a single person. Getting married, suffering a divorce, or experiencing the death of a family member can leave many people with owing money to the Internal Revenue Service. If your spouse consistently does not declare the right amount of income, divorces you, or even leaves this Earth, you may not be able to sort out owed dollars without the help of a qualified IRS attorney. An IRS certified attorney may be the best way to sort out the IRS debt.

When your spouse is not honest with their income, money may not be available at the time.  Your spouse could have unreported income and a lot of people don’t understand that if they file a joint return, they are setting themselves up for being responsible for that tax. You may be eligible for deductions that your spouse was going to receive and that could last a number of years!

Money issues get even more complicated with a divorce.  When two people are separated, it’s a very different game.  If the fiscal year has not ended when the settlement is finalized, you will still have to deal with filing.  Some divorces are amicable and others not well at all.

Get your Naperville income tax in check and speak to an accountant soon!