When a married couple owes a joint liability and one spouse also owes an individual (non-joint) liability, how many Offers In Compromise are required?
Two Offers In Compromise are needed- One for the joint liability and another one for the individual (non-joint) liability. A check or money order for $150, as well as two separate checks for the 20% lump sum deposit amount, should accompany each Offer In Compromise. This assumes that the taxpayer does not meet one of the exceptions for paying the application fee: The Offer In Compromise is filed solely under doubt as to liability. The Taxpayers total monthly income falls at or below income levels based on the DHSS poverty guideline levels. BACK TO TOP How many Offers In Compromise are required from a married couple who owe joint income tax, plus the husband owes an individual year before he was married and a business liability, and the wife owes an individual year with her prior spouse? How many application fees will be required? In keeping with the one fee per entity rule: The husband should file one Offer In Compromise listing the joint income tax, the individual year he owes before
Related Questions
- When a married couple owes a joint liability and one spouse also owes an individual (non-joint) liability, how many Offers In Compromise are required?
- Can a married couple use joint tenancy until one spouse dies, then set up a trust for the survivor?
- Can an individual submit an Offer in Compromise with respect to a joint liability?
