Living in a Community Property State Has Serious Tax Implications
The state of Texas is a community property jurisdiction, meaning that property acquired during a marriage or union is considered to be mutually owned by both spouses. This has significant tax implications for married and divorced couples. If one spouse incurs unpaid taxes, the IRS has the right to attached levies and liens to the community property as payment for the debts. As such, your spouse’s debts becomes yours — even if you are presently divorced. So long as the property was acquired during the marriage, it is considered community property of both spouses.
If your own assets are at risk due to your spouse’s or ex-spouse’s debts, it is crucial that you seek out an experienced tax lawyer to protect yourself. The Law Office of John McDuff, P.C. offers extensive experience representing taxpayers in all types of tax litigation against the IRS. The laws relating to separate and community property in Texas are very unique. John McDuff provides honest legal counsel and will explain to you all your options in reaching the best possible resolution under the circumstances.
Contact John McDuff
John McDuff represents taxpayers in Austin, Texas and throughout Central Texas. Don’t let your spouse’s tax debts leave you in financial ruin. Contact our firm at 512.457.1177 to schedule a consultation.