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Take Care If Filing Jointly With Financially Irresponsible Spouse

Take Care If Filing Jointly With Financially Irresponsible Spouse

We don’t know whether Terry’s accountant knew whether or not he was paying the balance due on the return.  If he or she did, then there was a failure to recognize that Robin was also a client, whose interest was not in alignment with Terry’s.  This is a pretty common failure of tax preparers who focus on minimizing the tax without considering collection issues. Even though it is usually not the right answer, filing separately should always be an option.

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Over and over again courts have said that there is nothing sinister in so arranging one’s affairs as to keep taxes as low as possible. Everybody does so, rich or poor; and all do right, for nobody owes any public duty to pay more than the law demands: taxes are enforced exactions, not voluntary contributions. To demand more in the name of morals is mere cant.