I was. And, at a time when I had no idea there WAS such a law!
If you are married and not living together and one or the other does things of which you are unaware financially, leaving you pretty well destitute, you NEED THIS information!
A decade ago, separated and not yet divorced, my own hubby of 30 years blew through ALL our retirement and savings and let our family home deteriorate so that the sum total of my takeaway after 30 years (financially) was $ 4,000.
When he filed bankruptcy, the IRS came AFTER ME for his shenanigans! It’s the law!
I did ONE thing that I KNEW to do – SEEK EXPERT ADVICE.
Off to my Edward Jones rep (where I squirreled away a big $ 500) with the dilemma. The IRS said I owed them $ 80,000 and I could pay it off at $ 5k/month! Well, heck, with that kind of a bill, I was ready to hit the streets with a knapsack. I made half of that each month!
But the expert advisor said “Leslie, what you need is a tax attorney. Someone who knows tax law and is a CPA.”
I moved with alacrity! This was not FAIR! It was not my FAULT! But indeed it was because rather than paying attention to what HE was doing, I hid — head int he sand!
12 Months and $ 5k later, $ 50k was removed from my debt. The tax attorney was happy, but I wasn’t. I had no interest in paying half of $ 30k remaining! It wasn’t my doing, after all.
An appeal at $ 1500 six months later led to COMPLETE REMOVAL OF THE ENTIRE $ 80K from my debt!
But wait, it gets BETTER. That LEFT $ 20k owed to the State. Did I forget to mention that?
When the State of NC saw with the Feds did, they removed THAT $ 20k from my debt as well!
From $ 100k to ZERO debt in 18 fast months to the tune of $ 1500.
All because I took my own teachings and advice and sought expert advice! I learned that this law is powerful for those who hid like I did!
Here’s an article all about the law, in case this hits home for you … or for someone you know or love.
Everyone’s Articles – The 919 Business Network – Local Business Networking
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