Such signing does not constitute
Such signing does not constitute an admission by Wife as to the accuracy of the Tax Returns. 4. In the event that the parties shall receive a Federal or State tax refund, the _____ shall immediately endorse the full amount of the tax refund check to the ______. 5. The Husband agrees to release, indemnify and hold harmless the Wife from any Federal or State claims, fines, liabilities, penalties and assessments arising out of the filing of the _____ Tax Returns, with the exception of any unreported income to the Wife that she failed to provide to Husband and his accountant in preparing the Tax Returns.
6. The Husband shall pay all costs and fees of any administrative or judicial proceedings in connection with the filing of the Tax Returns.
Be warned. Even if you have a Tax Indemnification Agreement it may not help you if your spouse files for bankruptcy.
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