Innocent Spouse Relief

Welcome to My Trusted Tax Advisor

At My Trusted Tax Advisor, we pride ourselves on being a tax advisor you can trust serving Miami-Dade, Florida, and the surrounding areas. With years of experience, our team of tax experts for businesses and individuals is dedicated to providing comprehensive tax services that are tailored to meet your unique needs. Hablamos Español ensures that we can assist a diverse range of clients in their preferred language.

Our Services

Our firm offers a wide array of services designed to address all aspects of tax planning and compliance. Whether you are an individual seeking to manage your tax obligations or a business owner navigating the complexities of corporate tax, we have the expertise and experience to guide you.

Tax Planning and Preparation

Effective tax planning is crucial for minimizing your tax liability and maximizing your financial well-being. Our team stays up-to-date with the latest tax laws and regulations to provide accurate and effective tax preparation services. We work closely with our clients to develop personalized tax strategies that align with their financial goals.

Business Tax Services

Running a business comes with numerous tax obligations. Our tax experts for businesses are equipped to handle everything from routine filings to complex tax issues. We offer services including:

  • Business tax return preparation
  • Payroll tax services
  • Sales tax compliance
  • Tax planning and advisory

 

Our goal is to ensure your business remains compliant while optimizing tax savings opportunities.

Individual Tax Services

For individuals, managing taxes can be daunting. Our personalized approach ensures that your tax needs are met with precision and care. Services include:

  • Individual tax return preparation
  • Tax planning and forecasting
  • Estate and gift tax planning
  • IRS audit representation

 

We understand the intricacies of personal tax situations and are here to help you navigate them with confidence.

Specialized Services

In addition to our core tax services, we offer specialized support for complex tax situations. One such service is Innocent Spouse Relief.

Innocent Spouse Relief

Innocent Spouse Relief can be a vital lifeline for individuals who find themselves unfairly burdened by their spouse’s or former spouse’s tax liabilities. This relief is designed for those who filed a joint tax return and later discovered that their spouse underreported income, overstated deductions, or engaged in fraudulent activities without their knowledge.

What is Innocent Spouse Relief?

Innocent Spouse Relief can be a vital lifeline for individuals who find themselves unfairly burdened by their spouse’s or former spouse’s tax liabilities. This relief is designed for those who filed a joint tax return and later discovered that their spouse underreported income, overstated deductions, or engaged in fraudulent activities without their knowledge.

Qualifying for Innocent Spouse Relief

To qualify for Innocent Spouse Relief, you must meet the following conditions:

  1. Joint Return Filed: You must have filed a joint return with your spouse.
  2. Erroneous Items: The understatement of tax must be due to erroneous items (such as unreported income or incorrect deductions) attributable to your spouse.
  3. Lack of Knowledge: You must establish that at the time you signed the joint return, you did not know, and had no reason to know, that there was an understatement of tax.

Inequity to Hold Liable: Taking into account all the facts and circumstances, it would be unfair to hold you liable for the understatement of tax.

Types of Innocent Spouse Relief

There are three types of relief available:

  1. Innocent Spouse Relief: Relief from additional tax owed if your spouse or former spouse failed to report income, reported income improperly, or claimed improper deductions or credits.
  2. Separation of Liability Relief: Provides for the separate allocation of additional tax owed between you and your former spouse or current spouse if you are no longer married, legally separated, or not living together.

Equitable Relief: If you do not qualify for Innocent Spouse Relief or Separation of Liability Relief, you may still be eligible for Equitable Relief. This applies to situations where it would be unfair to hold you liable for the tax, taking into account all circumstances.

How We Can Help

At My Trusted Tax Advisor, we have extensive experience handling Innocent Spouse Relief cases. Our process includes:

 

  • Initial Consultation: We begin with a detailed consultation to understand your situation and determine your eligibility for relief.
  • Document Gathering: We assist in gathering all necessary documentation, including tax returns, financial records, and any correspondence with the IRS.
  • Application Preparation: Our experts prepare a thorough and compelling application for Innocent Spouse Relief, ensuring all required forms and supporting documents are included.
  • Representation: We represent you before the IRS, handling all communications and negotiations to maximize the chances of a favorable outcome.

 

Ongoing Support: Even after the application is submitted, we provide ongoing support and updates, keeping you informed throughout the process.

Why Choose Us?

Choosing the right tax advisor can make a significant difference in your financial health. Here’s why My Trusted Tax Advisor stands out:

Customer-Driven Approach

Our customer-driven philosophy means that your needs and goals are our top priority. We take the time to listen to your concerns, understand your financial situation, and develop solutions that are tailored to you. Your satisfaction and financial success are our ultimate objectives.

Years of Experience

With years of experience in the tax industry, we have honed our skills and knowledge to provide exceptional service. Our deep understanding of tax laws and regulations, combined with practical experience, allows us to deliver insights and solutions that are both innovative and effective.

Bilingual Services – Hablamos Español

Effective communication is essential in any professional relationship. We are proud to offer bilingual services to better serve the Spanish-speaking community. Hablamos Español ensures that language barriers do not prevent you from receiving the high-quality tax services you deserve.

Bilingual Services – Hablamos Español

Effective communication is essential in any professional relationship. We are proud to offer bilingual services to better serve the Spanish-speaking community. Hablamos Español ensures that language barriers do not prevent you from receiving the high-quality tax services you deserve.

Our Process

At My Trusted Tax Advisor, we follow a structured process to ensure that each client receives the best possible service:

  1. Initial Consultation: We begin with a thorough consultation to understand your unique needs and financial situation. This helps us identify the specific services that will benefit you the most.
  2. Customized Strategy Development: Based on our initial assessment, we develop a customized tax strategy tailored to your goals. This includes identifying potential tax savings, compliance requirements, and planning opportunities.
  3. Implementation: We work diligently to implement the agreed-upon strategy, ensuring all filings are accurate and timely. Our team handles all aspects of tax preparation and submission, allowing you to focus on other priorities.
  4. Ongoing Support: Our commitment to you doesn’t end with tax season. We provide year-round support to address any tax-related issues or changes in your financial situation. Whether you have questions about new tax laws, need assistance with an audit, or require updates to your tax plan, we are here to help.

Contact Us

Ready to experience the difference that a dedicated and experienced tax advisor can make? Contact My Trusted Tax Advisor today to schedule your initial consultation. We look forward to helping you achieve your financial goals with confidence and peace of mind.

Hablamos Español. We are a tax advisor you can trust serving Miami-Dade, Florida, and the surrounding areas. Let us put our years of experience to work for you.

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At My Trusted Tax Advisor, we are more than just a tax service provider – we are your partners in achieving financial success. Trust us to be your dedicated tax advisor, serving Miami-Dade, Florida, and the surrounding areas with integrity, expertise, and a commitment to excellence.

Our Team

Meet Our Tax Experts

Here are our tax specialists who focus all their energy and effort on providing you with comprehensive tax solutions.

Vanessa Sotelo

Tax Expert

Melissa Penas

Executive Assistant

Tatiana Head

Accountant

Discuss Your Tax Needs Right Now!

If you have any urgent tax requirements, we are here to help. Please email us for additional information or to schedule an appointment for tax filing.