Tuesday,  June 19, 2012 • Vol. 12--No. 341 • 18 of 38 •  Other Editions

(Continued from page 17)

blew over trees, damaged buildings and destroyed an airplane in the Ipswich area. A funnel cloud was seen between Craven and Ipswich. A small tornado was observed seven miles north and five miles west of Aberdeen. The tornado was on the ground for only a few minutes with no damage reported.

1588: A powerful storm heavily damaged the Spanish Armada off the northwest tip of Spain. The Armada would continue to be weakened by storms, as well as attacks from the English, and would crumble before the end of the year.

2000: A rare thunderstorm occurred at Barrow, AK around 10:30pm.

By Jason Alderman

'Innocent Spouse Relief' protects against tax fraud

• I'll wager that when most brides and grooms utter the phrase, "For better or for worse," the "worse" they're imagining probably involves situations like getting laid off or a prolonged family illness - not being the victim of tax fraud perpetrated by a current or former spouse.
• Married couples typically file joint tax returns because it lets them take advantage of certain tax credits and other benefits not available if they file separately. However, one potential drawback is that you're each responsible, jointly and individually, for any taxes, interest and penalties due on returns filed while you're married, even if you later divorce.
• So what happens if your spouse or ex-spouse - either unintentionally or deliberately - underreported income, overstated deductions, didn't report taxable IRA distributions or any of a host of other sins in the eyes of the IRS? Well, you could be left holding the bag, even if those things occurred without your knowledge or understanding.
• That's why each year tens of thousands of people file for "Innocent Spouse Re

(Continued on page 19)

© 2012 Groton Daily Independent • To send correspondence, click here.