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When a person dies owing the IRS a lot of money is his wife responsible for the debt?
Wiki User
∙ 12y ago
There are several IRS publications that may help you. Get them on the web at IRS.gov First, there is a concept called "innocent spouse relief" that you can read about in Pub 971. Others deal with deceased spouses in general and they are Pub 554 and Pub 501.
AnswerThe answer is generally, Yes. Presuming it isn't a purely business tax, from an incorporated business, but rather taxes the both of you were personally responsible for, you filed joint returns, your liable for the deficit.Understand, innocent spouse relief is NOT ignorant spouse relief!
The fact you didn't know, understand, approve, etc makes no difference. If the money that was misreported went to your benefit - that is paid for your house, vacations, lifestyle, etc...then you owe the tax on it. You should have understood that if you were living a lifestyle of spending $X, and your joint return was reporting something that wouldn't reasonably support that, it was wrong and you shouldn't have signed it...and even though "he took care of those matters" doesn't work. It was your responsibility and the Gov't didn't release you because you wanted him to do it. Apparently he didn't do it well. That's now your responsibility.
To get innocent spouse relief you better be able to show your spouse had something like a second life you didn't know about. That his concubine in the condo in Florida and the convertible to bring her to the Spa was where that money went...AND you really didn't know about it...not that you were a wife that just ignored it, for the quid pro quo of having the life you wanted.
You must show that he was a rotten scoundrel and took you as well as society...basically to get himself pleasure. You prepared to do that? Sorry for being so blunt, but that's the facts.
Wiki User
∙ 12y ago
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When a person dies owing the IRS a lot of money is his new wife responsible for the debt?
yes u do bacause u are married. you now take over the persons debts as his wife
Who are people who owe money called?
The presence of owing money is referred to as being 'in debt'. A person who is in debt is a debtor.
What is the meaning of debt?
Debt is a state of owing something (in this category the "something" would be money) to someone.
Are adult beneficiaries responsible for deceased parents debts?
No, you are not responsible for their debt. The only person legally responsible for a debt is the person that signed the contract for the debt. It doesn't matter if your dead parents left you money. Collection agencies cannot legally collect someone else's debt from you - but they will try. See the FDCRA to know your rights in debt collection.
When a person dies owing the IRS a lot of money are their children responsible for the debt?
The estate is responsible for he debts of the decedent. If the decedent was the sole owner of any assets at the time of death those assets must be used to pay the debts before any property can be distributed to the heirs. If there are no assets the creditors are out of luck.
What happens when you die owing money for credit cards and utilities?
The debt is given to your closest relatives
Who is responsible for deceased fiances debt when owing a house together?
Since the couple were not married the surviving person is only responsible for joint debts only. The status of the home ownership depends upon how the property is titled and the terms of the mortgage agreement.
Can a outside party send money to your credit card account?
Sure. The creditor doesn't care where the money comes from as long as the bill is paid. If you are concerned that the person might be responsible for the debt further by making a payment, they won't. Only the card holder is responsible for the debt. The execeptions being, if the person is married and lives in a community property state. Or an authorized signer, can sometimes be held responsible for a portion of debt.
Can you go to jail for a warrant in debt?
A warrant in debt is not an arrest warrant: it generally is a judgment against you and a notice that you are in debt to another person or an entity. You can never go to jail just for owing money to anyone or anyplace else, unless the debt was the result of a crime committed, such as a bad check.
Who is responsible for debt if a bank cancels a credit card?
The person who carried the card is still responsible for the debt.
Who is responsible for debt when a person dies in Washington?
The estate is responsible for debt. That is one of the reasons for opening probate.
Can an individual be held responsible for a girlfriend's debt?
Only if the person were a joint debtor. If the person did not jointly incur the debt nor enter into a financial agreement as a cosigner he or she is not responsible for that debt.
