Business and Personal Finance Dictionary

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• INNOCENT SPOUSE RULE
  
  The IRS usually holds that both signers of a joint return are individually liable for the entire tax due plus penalties and interest. That means that when you sign a joint return you are liable for the entire tax due, even if you later divorce your spouse, did not earn the income that generated the tax and did not know about the omission of income or claiming of erroneous deductions. Under the innocent spouse rule, a spouse may claim not to be jointly liable if he or she did not know about the e
  
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