Form 8857: Request for Innocent Spouse Relief Definition
Form 8857: Request for Innocent Spouse Relief is an Internal Revenue Service (IRS) tax form used by taxpayers to request relief from a tax liability involving a spouse or former spouse. Generally, couples filing a joint tax return are both, jointly, responsible for any tax obligation. When additional taxes from unreported income and erroneous deductions or credits come to light, both partners will remain liable, even if they have divorced.
Original Article Source Credits: Investopedia, https://www.investopedia.com/
Article Written By: Christina Majaski
Original Article Posted on: 18th March 2021
Link to Original Article: https://www.investopedia.com/terms/f/form-8857.asp