Many married couples
share their financial burdens. They get joint accounts and enter into shared
financial responsibilities that could become problematic when they split up or
when one of them gets subjected to a wage garnishment. The IRS is relentless
and will not stop until they get what is theirs. How do you protect yourself if
you are innocent of your spouse’s financial indiscretions?
Get help
Wage garnishment
is no joke as it could leave both of you virtually penniless. This is one
instance where you might abhor the concept of “what’s mine is yours”. When it’s
time to sever ties with your ex-spouse, you will need help from experts who
provide tax relief services so you can deal with the problem and gain a better
understanding of the issue.
Be aware
If you suspect
something fishy going on with the return, don’t hesitate to ask. You’ll only
risk waiting until it’s too late, and by that time, the IRS may have already
caught up with you. If you encounter anything you do not understand, ask a CPA
to enlighten you.
Cut Losses
Having a joint
account with a person who is in trouble with the IRS can also put you on their
radar. Cut your losses and protect yourself against financial hardships by
closing that account. This way, you can’t be held responsible for any future purchases
your spouse might make even after the divorce.
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