Innocent Spouse Relief Explained: Tax Relief for Spouses

Claud Mccoid

A matter that we frequently see in the Tax Clinic that I operate, a person that is often misunderstood, is that of innocent wife or husband reduction. Typically, the purpose of giving innocent husband or wife aid is to, as a single court place it: “protect a single partner from the overreaching or dishonesty of the other.” Purcell v. Commissioner, 826 F.2d 470 (6th Cir. 1987). But lots of men and women that occur into the clinic think that it usually means that, if the other husband or wife earned the cash flow, then they are mechanically entitled to…
By: Freeman Law

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CFPB Issues Technical Specifications for Credit Card Agreement and Data Submissions

The CFPB lately issued a notification of specialized technical specs and procedural rule, relevant to requirements less than TILA and the CARD Act for credit rating card issuers that ought to submit details and information to the CFPB.  Below the new rule, credit score card issuers should make all submissions […]