Undoing Joint Liability- No Longer Married, Innocent Spouse Relief (ISR)

4.5 (331)

Larry Heinkel, LLM

Heinkel Tax Law Group (Tax Problem Solver)

Friday, March 05, 2021 | 10:00 AM EST

  • AFSP
  • CFE
  • CPA
  • EA
  • Tax Pros
  • PFS
  • CTEC

1 CPE | 1 CE

$10

Subject Area

Taxes

Webinar Qualifies For

1 CPE credit for Certified Fraud Examiners (CFEs)

1 CPE credit of Taxes for all CPAs

1 CPD credit (Verifiable) for CPA/PFS

1 CE credit of Federal Tax for Oregon Tax Preparers

1 CE credit of Federal Tax for Maryland Tax Preparers

1 CE credit of Federal Tax for Enrolled Agents ( IRS Approved : GEHNZ )

1 CE credit of Annual Filing Season program (AFSP)( IRS Approved : GEHNZ )

1 CE credit of Federal Tax Subjects for California Tax Professionals (CTEC Approved - 6273)

1 General Educational credit for Tax Professionals / Bookkeepers / Accountants

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Course Description

Married individuals can either file a joint income tax return or, if they choose, may file two separate tax returns. Filing separate tax returns is usually (but not always, as you will see) done to reduce the tax liability. However, if finding the lowest tax liability is your main concern, there are no actual guidelines for determining which filing method you should use. If this is your goal, you need to calculate the tax liability under both scenarios to see which is better. Nonetheless, there are other factors you need to consider.

If the tax is paid, no problem, right? But what if the liability is not paid? Or what if there is a large audit assessment and the debt can’t be paid? Worse, what if they divorce and the audit adjustment was attributable to one former spouse, but IRS is trying to collect from the other, “innocent” one? Learn your options here.

This webinar would cover:

Filing Status Options

  • Married filing jointly
  • Married filing separately
  • Amending to go from one status to the other

Innocent Spouse Relief

  • Qualifications
  • Definitions
  • Factors to consider
  • Planning tips

Special Rules for Certain Cases

  • Qualifications
  • Definitions
  • Factors to consider
  • Planning tips

Equitable Relief Options

  • Qualifications
  • Definitions
  • Factors to consider
  • Planning tips

Injured Spouse Relief

  • Qualifications
  • Definitions
  • Factors to consider

Learning Objectives

  • To describe Allocation of Liability
  • Recognize when clients are not entitled to Innocent Spouse Relief
  • Identify simple strategies to help clients avoid refund offsets in the first place
  • To identify special Rules for Certain Cases
  • To list various circumstances where innocent spouse relief may apply.

Who Should Attend?

  • Enrolled Agent
  • Tax Attorney
  • Tax Practitioners
  • Bookkeeper
  • Accountant
  • CPA - Small Firm
  • CPA - Mid Size Firm
  • Accounting Firm
  • Tax Pros
  • CPA (Industry)
  • Tax Firm
  • Young CPA
  • CPA in Business
  • Tax Accountant (Industry)
  • Tax Director (Industry)
  • Senior Accountant
  • Tax Managers
  • Tax Preparer
  • Staff of Accounting Firm

Testimonial

4.5

(331)
62%
28%
8%
2%
0%

LW

Ok

LW

Ok

BS

Great class!

VR

It's a great webinar overall.

RH

This was a very interesting topic and I enjoyed the webinar.

KS

Excellent course