NEW YORK, June 8, 2017 /PRNewswire/ -- If they are not careful, summer brides and grooms could end up with more than they bargained for; they may unknowingly be joining their financial future with that of an IRS tax cheat or someone who already owes the IRS a lot of money including penalties and interest. "Men and women need to be equally careful that their spouse-to-be does not have serious, hidden tax problems they have failed to disclose," says Abby Eisenkraft, author of 101 Ways to Stay Off the IRS Radar (Parker House Publishing). "Owing as much as $200,000 in back taxes is a lot more common than you might think."
Eisenkraft, CEO of Choice Tax Solutions Inc., was recently quoted in an article in Martha Stewart Weddings about filing joint taxes with a new spouse. She has also been quoted on other financial topics in Money, Newsday, US News & World Report, and ABC-TV.
Well before the wedding, Eisenkraft advises asking a future spouse these questions: Do you file tax returns? Do you have any tax problems? Are you on a payment plan with the IRS?
Eisenkraft recalls sitting in on a meeting with an IRS agent and a newlywed couple when the husband lost all the color in his face when he learned that his wife owed $100,000 in back taxes. She says if a future spouse has tax problems then filing separate returns would prevent the non-delinquent spouse from having their refund or bank account taken by the IRS.
"This happens every single day," Eisenkraft says and couples don't know what to do about it. She adds, "People think tax problems go away after April 15 but actually, now is when the fun begins."
Credentials: Abby Eisenkraft is a federally licensed Enrolled Agent (EA), an Accredited Tax Advisor (ATA), Accredited Tax Preparer (ATP) and a Chartered Retirement Planning Counselor (CRPC). She started her career in tax as a preparer and quickly gained a reputation for successfully dealing with difficult tax problems, including those previously unsolvable by other tax professionals. She currently specializes in tax controversy cases such as federal and state tax audits, non-filer cases, residency audits, and international matters. 101 Ways to Stay Off the IRS Radar is illustrated by Carolita Johnson, known for her work in The New Yorker.
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SOURCE Abby Eisenkraft