Both spouses are responsible, jointly and individually, for paying the full amount of any tax, interest, or penalties due on a joint return. Innocent spouses may be relieved of the liability for tax, interest, and penalties.
Kendra is an attorney and owns 60 percent of a law partnership. Kendra sells land to the partnership for $50,000 in the current tax year. She bought the land for $100,000 eight years ago when real estate prices were at their peak.