Tax Appeal
When filing a joint federal income tax return, both husband and wife are jointly and severally liable for the tax and any additions to the tax, interest, or penalties that arise from the joint return, even if the parties later divorce or one of them dies. But, as Richard Hirschtritt notes in his January Illinois Bar Journal article, “Tax Appeal,” many individuals are unaware of their spouse’s income or the family’s finances. This provides the knowledgeable spouse with an opportunity to expend funds without the knowledge of his or her spouse.