
My Ex Is In Jail and Now The IRS Is After My House
Audio Summary
AI Summary
This video addresses a listener's concern about a $7,900 IRS tax debt from 2018, a year she was married and filed jointly. She was unaware of the debt, which her ex-spouse was supposed to handle as part of their divorce settlement. He is now incarcerated due to embezzlement. The primary advice is to contact a Ramsey Trusted tax professional to explore the "innocent spouse" provision. This provision may relieve her of the tax liability if she can prove she had no knowledge of the unpaid taxes and signed the return under the assumption everything was handled correctly.
The speaker believes she qualifies due to her ex-spouse’s embezzlement and her lack of involvement in the tax preparation. If the innocent spouse provision is unsuccessful, the tax debt should be prioritized at the top of her debt snowball, paid off immediately, or potentially refinanced through a credit union. The importance of addressing IRS debt swiftly due to penalties and interest is emphasized. The listener, a regional asset manager supporting four children, is commended for her strength and wisdom. The video also promotes the EveryDollar app for budgeting.
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