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Bus/Financial - Law: Taxation & Customs / tax | | English term or phrase: "Innocent Spouse" | | the "Innocent Spouse" of the Internal Revenue Code |
| Viole T.KudoZ activityQuestions: 439 ( 11 open) ( 19 without valid answers) ( 3 closed without grading) Answers: 1
Greece
| | Local time: 05:14
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| | Greek translation:φορολογική απαλλαγή του τύπου "innocent spouse" μη υπαίτιου διαζευγμένου συζύγου | Explanation:
Many married taxpayers choose to file a joint tax return because of certain benefits this filing status allows. Both taxpayers are jointly and individually responsible for the tax and any interest or penalty due on the joint return even if they later divorce. This is true even if a divorce decree states that a former spouse will be responsible for any amounts due on previously filed joint returns. One spouse may be held responsible for all the tax due even if all the income was earned by the other spouse.
In some cases, a spouse will be relieved of the tax, interest, and penalties on a joint tax return. Three types of relief are available.
1. Innocent spouse relief.
2. Separation of liability.
3. Equitable relief.
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| Selected response from:
Mario Partassas
Cyprus
Local time: 05:14
| Grading comment | 4 KudoZ points were awarded for this answer |
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| Discussion entries: 0 |
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2 mins confidence:   peer agreement (net): +1
1 hr confidence: | "innocent spouse" φορολογική απαλλαγή του τύπου "innocent spouse" μη υπαίτιου διαζευγμένου συζύγου
Explanation:
Many married taxpayers choose to file a joint tax return because of certain benefits this filing status allows. Both taxpayers are jointly and individually responsible for the tax and any interest or penalty due on the joint return even if they later divorce. This is true even if a divorce decree states that a former spouse will be responsible for any amounts due on previously filed joint returns. One spouse may be held responsible for all the tax due even if all the income was earned by the other spouse.
In some cases, a spouse will be relieved of the tax, interest, and penalties on a joint tax return. Three types of relief are available.
1. Innocent spouse relief.
2. Separation of liability.
3. Equitable relief.
Example sentence(s):- You can only qualify for equitable relief if you do not qualify for innocent spouse relief or relief by separation of liability.
Reference: http://www.irs.gov
| Mario Partassas
Cyprus
Local time: 05:14
Native speaker of:  Greek
PRO pts in category: 4
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