When “I Do” Turns Into “You Owe”
When “I Do” Turns Into “You Owe”
Marriage is a partnership — but under the Internal Revenue Code, it is also a financial alliance with serious consequences. Only spouses can file a joint tax return under I.R.C. § 6013(a). And when they do, they are jointly and severally liable for the full tax bill.... By: Offit Kurman
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