Monthly Archives: August 2011

10 Tips to Divorce Proof Your Business

For those whose marriage is in trouble or who are about to begin a divorce, a few strategies can help preserve a business. Once the divorce proceedings start, entrepreneurs won't likely be able to implement some other legal maneuvers that, if accomplished in happier times, could keep their business from landing in a soon-to-be ex's…
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IRS Expands Innocent Spouse Relief Protections

Generally when a married couple files a joint return, both parties are liable for any unpaid liabilities for any unreported or under reported income.   An “innocent spouse,” a taxpayer who did not know and did not have reason to know that his or her spouse understated or underpaid an income tax liability, can under certain…
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