Should you file jointly or separately when one spouse is a sole proprietor, 1099 contractor, realtor, consultant, or new business owner? Short answer: filing jointly usually produces the lower total tax, but there are very real exceptions—especially with student loans, medical expenses, community-property states, and risk-management concerns. Here’s a simple, plain-English guide. How the business...Continue reading
Tag: innocent spouse relief
What If I Owe the IRS and Can’t Pay?
Do you owe the IRS more than you can pay? Choosing the correct method of relief when you can’t pay your taxes can eliminate much or all of your tax debt—which can amount to thousands, even tens of thousands, of dollars—and help you get back on track financially. If your tax bill has exploded beyond...Continue reading
