CA2903 Innocent Spouse Tax Relief: Myth or Reality?

What’s mine is yours?

If one spouse makes a mistake or underreports income on a jointly filed tax return, the other partner should be aware that they don’t necessarily have to abide by the mantra “what’s mine is yours” and share the blame. Under innocent spouse tax relief, an unknowing spouse can be relieved of liability and avoid paying hefty fines and interest to the IRS.

At Innocent Spouse Tax Relief: Myth or Reality, you’ll learn:

• Three bases for relief from liability
• Five necessary components to file for innocent spouse tax relief
• Facts and circumstances that will be considered by the IRS
• Criteria for both separation of liability relief and for equitable relief
• How and when to request relief

Learn what conditions must be met to qualify for tax liability relief and help your client avoid unfair punishment from the IRS. Now that’s a win to report.