For better or worse: Tips on breaking the news of a tax problem to your spouse
There are two very common fact patterns we come across:
A business owner that has run up a large tax problem.
Someone with foreign accounts and assets who hasn’t been reporting them correctly. They too, have a large tax problem.
In both cases we often find that they have not been forthcoming about the true nature of the issue with their significant others. In this article I am going to discuss three steps to take to break the news of an IRS problem to a spouse.