CPE Packages (Incl. Ethics) for Multiple States and Qualifications Available. Price $4/credit - CLICK HERE to view.

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

4.5 (338)

Larry Heinkel, LLM

Tax Problem Solver

Monday, May 03, 2021 | 01:00 PM EDT

  • AFSP
  • CPA (US)
  • EA
  • Tax Preparer
  • CPA/PFS
  • CTEC

1 Credit

$10

Subject Area

Taxes

Webinar Qualifies For

1 CPE credit of Taxes for all CPAs

1 CE credit of Federal Tax for Enrolled Agents ( IRS Approved : GEHNZ ) (Approval No. GEHNZ-T-00261-20-O)

1 CE credit of Federal Tax Subjects for California Tax Professionals (CTEC Approved - 6273) (Approval No. 6273-CE-0269)

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

1 CPE credit for Certified Fraud Examiners (CFEs)

1 CPD credit (Verifiable) for CPA/PFS

1 CE credit of Federal Tax for Oregon Tax Preparers (Approval No. GEHNZ-T-00261-20-O)

1 CE credit of Federal Tax for Maryland Tax Preparers (Approval No. GEHNZ-T-00261-20-O)

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 online CPE webinar covers following key topics:

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
  • To recognize when clients are not entitled to Innocent Spouse Relief
  • To 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?

  • California Registered Tax Professional
  • CPA (Industry)
  • CPA - Mid Size Firm
  • CPA - Small Firm
  • CPA in Business
  • Enrolled Agent
  • Maryland Tax Preparers
  • Oregon Tax Preparers
  • Tax Accountant (Industry)
  • Tax Attorney
  • Tax Director (Industry)
  • Tax Firm
  • Tax Managers
  • Tax Practitioners
  • Tax Preparer
  • Tax Professionals
  • Tax Pros
  • Young CPA

Testimonial

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(
    [no_of_record] => 338
    [average] => 4.4941
)
 

4.5

(338)
62%
29%
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