September 1, 2011 – 11:49 pm
Innocent Spouse Relief has always been available as a way for taxpayers who file joint tax returns and who were not aware, nor had any kind of reason to be aware, that her or his spouse had underpaid or understated their liability for income taxes. It was designed to offer the innocent taxpayer some protection from the faults of their partners and spouses and details of how it works were to be found in Publication 971 which was entitled Innocent Spouse Relief.
The regulations detailed in Publication 971 state that innocent spouse requests that are seeking relief from liability need … Read more at 2009 Taxes
By Steve
|
Posted in tax credits, Tax Law, Tax Relief, TurboTax
|
Also tagged Accounting, adjusts, Business, Douglas Shulman, Equitable remedy, innocent, Innocent (actor), Internal Revenue Service, irs, joint tax returns, Marriage, requests, rules, tax, Taxation, TurboTax, United States
|
What is the Dependent Care Tax Credit?
When you are a working taxpayer and have dependents that require care while you are working, you can take a tax credit called the Child and Dependent Care Tax Credit, to help offset the expenses. The dependent can be a child under the age of 13 or a spouse that requires care due to physical or mental limitations.
You can also claim the tax credit when you are looking for work. This is considered the same as working for this tax credit. Full time students are considered to have earned income while they … Read more at 2009 Taxes
By Steve
|
Posted in tax credits, tax deductions, tax forms, Tax Law, Tax Preparation
|
Also tagged child and dependent care, dependent, earned income, full time students, irs, irs publication 503, tax credit, tax credits
|
