Why Form 8815 Spouse 2024-2025

Welcome to Home Base Tax, top of my name is Lissandra Everett. I am the Home Biz Tax Lady, where I help home business owners win the tax game. Home Biz Tax Talk airs Monday through Friday at 9 o'clock-ish. When you tune into my show, you're gonna hear about topics that are important to the home business community. Alright, so today we're talking about the difference between injured spouse and innocent spouse. Okay, so these are two ways you can file your status if you're a spouse and you got some drama going on on the tax front. So let's talk about it. When we're talking about an injured spouse, an injured spouse is dealing with a tax refund, usually. And then when you're talking about innocent spouse, you're talking about a tax liability. So we'll tackle injured spouse first because really that's what you're gonna be hearing about on Facebook. You guys, at all social media, people ticked off about the IRS taking a refund to satisfy a spouse's tax issue. So, what kind of things happen with innocent spouse? Well, if you have a spouse that owes child support, has back taxes, or student loans, or even possibly a state debt, if you all file together and produce a refund, then the IRS will take the refund to satisfy the debt of that other spouse. This is why it's important to have these tax conversations before any filing gets going because you really need to know. Because to go back and correct an innocent spouse, it takes lots of time. Now, if you file but you claim injured spouse when you file, you will file that electronically but it's going to take longer to process. It's not going to be a ten day turnaround because there's a human involved in...