Description
Gain a better understanding of the innocent spouse provisions and give your clients a better chance of obtaining relief.Gain a better understanding of the innocent spouse provisions and give your clients a better chance of obtaining relief. When couples get divorced, and even when they don’t, one spouse is sometimes surprised to discover that they are on the hook financially for federal income tax liabilities that were incurred by the other spouse. Sometimes this is because their spouse failed to pay an acknowledged tax liability on their jointly filed income tax return. In other instances this is the result of a tax audit, or other adjustment to the tax return by the Internal Revenue Service. The innocent spouse provisions of the Internal Revenue Code may eliminate or reduce taxes, penalties, and interest for taxpayers who meet all of the requirements. In 2012, the IRS reported that they received 32,000 new innocent spouse claims per year, and that only 22 received complete relief. This topic will increase your batting average so that your clients will have a better chance of obtaining relief.
Date: 2020-02-19 Start Time: End Time:
Learning Objectives