Killer IRS Community Property

FOR IMMEDIATE RELEASE
(Free-Press-Release.com) December 17, 2010 -- ANY property acquired during the time of marriage by a husband and wife is called community property. It makes no difference who purchased the property, it is still considered community property if bought while married. Since IRS taxes are federal, there is no difference between community income and separate income to the IRS.

Here is a list of the community property states (there are nine of them):

Wisconsin, Texas, Nevada, Washington, New Mexico, Louisiana, Idaho, California and Arizona.

Is property that was owned before marriage considered community property?

No, it will be considered the individual property of the taxpayer. Any property purchased before marriage is not included. For example, if you owned land before you were married then the land will not be considered as community property.

Your income may be subject to levy to pay for your spouses taxes prior to marriage if you are going to be married to someone in a community property state and your future spouse owes money to the IRS. For this reason, you need to ensure that your future spouse has fully paid all of their taxes. For help with all IRS problems, please contact our firm at 713-774-4467

More information can be found online at http://www.taxproblem.org/press-releases-and-other/community-property/

IRS Audit     IRS Community Property     irs delinquent taxes     IRS tax changes     irs tax settlement     offer in compromise