Today were going to talk about innocent spouse claim. This is one of those situations that you hate to have, but it’s useful to know about.
Typically, in the innocent spouse situation, one spouse is a W2 wage earner and the other spouse has their own business, but doesn’t pay in any estimated taxes. The business owner has always relied on the withholding paid from the spouse who is a W2 wage earner.
At the end of the year, this can cause a big mess. Watch the video above to learn more about how to handle this situation.
Karla Dennis
As seen in Forbes Magazine, Karla Dennis is an expert tax and business strategist. As an enrolled agent, Karla is licensed to represent taxpayers in all 50 states. She holds a Masters in Taxation and Business Development and is the author of two books, Tax Storm and Against the Odds.
Karla, CEO of consultancy firm Karla Dennis And Associates, Inc.™, has saved her clients thousands of dollars and has been featured in various media outlets such as Forbes, MSNBC, KTLA, Yahoo! Finance, and SmartMoney, marking her as the ultimate tax expert.
As of 2014, Karla became the new host on the “Mind Your Business” radio show, KTLK AM 1150, sharing her financial and business knowledge with the greater Orange County and Los Angeles areas. As a supporter of women’s rights and issues, Karla is part of the Women Network, an organization built to educate and mentor women. In addition, Karla is the radio host for Women Network Radio, a show that aims to uplift and empower women of all walks of life.
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