Divorce can be emotional, but it can also be an enormous financial transaction. This holds especially true if you have a lot of marital assets, but far too often individuals are taken by surprise when they are notified by the IRS that they are on the hook for hundreds of thousands of dollars in taxes that went unpaid. This can be completely overwhelming, but the truth of the matter is that you might be able to escape this liability.
You need to know the law
The first step in protecting yourself from your spouse’s tax violations is to do with knowing the law and the options it can provide you in regard to defending yourself. One of those options is claiming innocent spouse relief. Here, though, you’ll need to show that you didn’t know of the errors in tax returns or that you couldn’t have known. This will probably require you to present evidence that shows that your spouse handled your financial affairs, including your tax returns, with little to no input from you.
We have the experience our clients need
Our firm has extensive experience helping high-net worth individuals solve their tax problems at the time of divorce. We can put their tax issues in perspective and come up with legal strategies that often lead to successful resolutions being worked out with the IRS. Time and again, our firm has been recognized as a leader in this area of the law. We’re proud of our track record of success and the extensive positive outcomes we have garnered for our clients.
Don’t face your tax issues alone
It can be unbearable to face hundreds of thousands of dollars of unexpected tax debt on your own. But you don’t have to deal with these issues in isolation. Instead, consider seeking out the help you need and deserve to turn the page on this chapter of your life.