Course Tag: Refund Claims


OIC 125: Tax Refunds

Tax Refunds. The IRS keeps any tax refund emanating from overpayment of any tax or other liability due through the calendar year the IRS accepts the taxpayer’s offer.  Form 656, Section 7(e),  The IRS will keep any refund, including interest, for tax periods extending through the calendar year that the IRS…

ISR 101: 3 Types of Relief from Joint and Several Liability

Three Types of Relief from Joint and Several Liability. Many married taxpayers choose to file a joint tax return because of benefits this filing status affords them but ignore the detriments.  When filing jointly, both taxpayers are jointly and severally liable for the tax and any additions to tax, interest, and penalties…

ISR 103: Separation of Liability Relief

Separation of Liability Relief. Congress has authorized “Separation of Liability Relief” for qualifying spouses to relieve them from certain joint and several tax liability related to a tax “deficiency.”  26 U.S.C. § 6015(c).  The Tax Code defines “deficiency,” generally, as the amount by which the tax imposed by IRS Subtitle A…